At a meeting here of the World Bank and the International Monetary Fund, the 151 member nations decided to follow the plan that he proposed.
The world has changed greatly in the past year, since the last annual meeting of the International Monetary Fund.
Votes on the board's decisions are expected later this month in Singapore at the annual meeting of the International Monetary Fund and the World Bank.
The annual meetings of both the International Monetary Fund and World Bank was scheduled to be held in Washington over that weekend.
That will keep him at his post until after this spring's meetings of the World Bank and the International Monetary Fund.
It will convene just before next week's annual meeting of the International Monetary Fund and the World Bank.
Representatives of those countries will meet in Washington this month on the eve of the annual meetings of the International Monetary Fund.
The ministers are here for the annual meetings of the International Monetary Fund and the World Bank.
President Bush addresses the annual meeting of the World Bank and the International Monetary Fund.
But at the meeting of the International Monetary Fund, the United States and its allies made clear that they thought the dollar was too strong.