Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
September 1966
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    INDEX

    Numbers refer to pages. An asterisk (*) denotes a table, a dagger (†) denotes a chart.

    Afghanistan—91; drawings, 126; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126, 127*

    African Countries—balance of payments and reserves, 56*; see also individual countries

    Agricultural Products—prices, 76-78, 81*, 148*, 149*

    Algeria—Fund quota increase, 125*

    Alliance for Progress—Fund cooperation with, 133

    Antigua—par value, new East Caribbean dollar, 123

    Anti-Inflation—see Stabilization Programs

    Argentina—balance of payments and reserves, 13*, 57*, 84-85*; drawings, 124, 126*; international trade, 81*; repurchases from Fund, 128*

    Articles of Agreement—see Fund Articles of Agreement

    Asian Countries—balance of payments and reserves, 56*; see also individual countries

    Australia—balance of payments and reserves, 4, 13*, 57*, 59*, 60*, 84-85*, 86, 104-105; capital movements, 105; economic developments, 89-90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 112*, 113; gold subsidy program, 119; international trade, 46, 81*; U.S. direct investments in, 49*; wool prices, 77†, 149*

    Austria—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold purchases, 115*; international trade, 46*, 47*

    Bahrain—par value, Bahrain dollar, 123

    Balance of Payments—3-5, 49-58, 62-75, 83-88, 93-111, 136*, 137*, 140*, 141*, 150*; and liquidity, 9-20; deficits, 3-5, 56, 58, 140*; industrial countries, 3-6, 51-58, 93-104; primary producing countries, 5, 21-22, 83-88, 104-11; surpluses, 11; see also individual countries

    Bank Credit—industrial countries, 65-67, 144*; see also individual countries

    Bank for International Settlements—Euro-dollar market, 72; Fund cooperation with, 132; gold transactions, 113; reserve creation study, 9

    Bankssee Banks, Commercial, Central Banks, Interest Rates, International Bank for Reconstruction and Development, Monetary Policy, and individual countries

    Banks, Commercial—central banks, relations with, 29-30; foreign currency operations, 72; functions performed by central banks, 31-32

    Barbados—par value, new East Caribbean dollar, 123

    Belgium—balance of payments and reserves, 13*, 52*, 57*, 60*; capital markets, 72, 73*; capital movements, 49*; currency purchases by Fund for gold, 34; discount rates, 67†, 147*; fiscal policy, 71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; monetary policy, 70; wages, 64; see also Belgium-Luxembourg

    Belgium-Luxembourg—international trade, 46-47, 52*

    Board of Governorssee Fund Board of Governors

    Bolivia—80; balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*; gold production, 113; repurchases from Fund, 128*; stand-by, 127-28

    Bonds, Government—yields, 65-66, 146*

    Brazil—balance of payments and reserves, 13*, 56*, 60*, 84-85*, 87; central and commercial banking, separation, 32; coffee prices, 77†, 78, 91, 149*; drawings, 36, 126*; economic developments, 91; Fund quota increase, 125*; GATT consultation, conference with Fund, 132; gold sales to U.S., 115*; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 126*, 127-28; wages, 91

    British Guiana—par value, new Guyana dollar; see also Guyana

    Burlap—prices, 78

    Burma—balance of payments and reserves, 13*, 84-85*, 87

    Burundi—drawings, 34, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    Cameroon—Fund quota increase, 124

    Canada—balance of payments and reserves, 13*, 51-57, 60*, 95-96, 140*; Bank of Canada, 68; bonds, government, yields, 66†, 146*; capital markets, 72, 73*, 74*; capital movements, 48-49, 96-97; cost of living, 65†, 143*; direct investments, 48; discount rates, 67-68, 147*; economic growth, 13, 62; employment, 3; export prices, 68†, 144*; fiscal policy, 70-71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold production, 112*, 113; gold subsidy program, 119; gross national product, 63*; industrial output, 62†, 141*; interest rates, 66†, 146*; international trade, 43-49, 138-39*; monetary policy, 68; money supply, 66†, 145*; prices, 64, 145*; U.S. direct investments in, 49; U.S. Equalization Tax, 97; wages, 64†, 142*; wheat prices, 77†, 149*

    Capital Markets—63, 72-75; control of capital movements, effects of, 5

    Capital Movements—controls, 5, 16; industrial countries, 4-5, 93-104; primary producing countries, 5, 86, 104-11; private, 47-50

    Central African Republic—Fund quota increase, 124

    Central American Monetary Council—Fund cooperation in training, 38

    Central Banking Servicesee Fund Organization and Administration

    Central Banks—commercial banking by, 31-32; foreign reserves, 31; industrial countries, 64-70; monetary policy instruments, 29-30; primary producing countries, less developed, 28-32; relations with government, 30-31;’ see also individual countries

    Ceylon—balance of payments and reserves, 13*, 84-85*; drawings, 126; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 128*; stand-by, 126, 127*; tea prices, 77†, 149*

    Chad—Fund quota increase, 124

    Chile—balance of payments and reserves, 13*, 84-85*; drawings, 126*; economic conditions, 90; international trade, 81*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    China, Mainland—dispute with India, effect on gold demand, 115; gold purchases, 115-18; trade with less developed countries, 44-45; wheat contracts, 78

    China, Republic of—balance of payments and reserves, 13*, 84-85*, 87; international trade, 81*

    Cocoa—Ghanaian exports, 105-106; prices, 76-78, 149*

    Coffee—exporters, 81-82; prices, 76-78, 149*

    Colombia—balance of payments and reserves, 13*, 84-85*; drawings, 126*; economic conditions, 90; Fund quota increase, 125*; gold production, 112; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 126, 127*

    Compensatory Financingsee Fund Transactions

    Congo (Brazzaville)—Fund quota increase, 124

    Congo, Democratic Republic of—Fund assistance, 37; Fund quota increase, 124; gold production, 112*

    Copper—Peruvian shipments, 109; prices, 77†, 78, 149*

    Cost of Living—selected countries, 65†, 143*

    Costa Rica—balance of payments and reserves, 13*, 84-85*, 87; drawings, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    Cotton—long-staple, prices, 76-78, 149*; long-staple, trade, 82; Peruvian shipments, 109

    Credit and Credit Controlsee Bank Creditand Monetary Policy

    Credit Tranchesee Fund Transactions: Drawings

    Cuba—currency held by Fund, 166

    Currency Purchasessee Fund Transactions

    Cyprus—drawing for quota increase, 124, 126*; Fund quota increase, 125*

    Dahomey—Fund quota increase, 124

    Dairy Products—prices, 76-77

    Debt Management—industrial countries, 67-70; less developed countries, 22

    Denmark—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund quota increase, 125*; international trade, 46*, 47*

    Developed Countries—13*, 15†, 136*; see also Industrial Countries, Primary Producing Countries, More Developed, and individual countries

    Developing Countriessee Primary Producing Countries, Less Developed, and individual countries

    Discount Rates—industrial countries, 67-70; primary producing countries, 29-30

    Dominica—par value, new East Caribbean dollar, 123

    Dominican Republic—balance of payments and reserves, 13*, 84-85*, 87; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; stand-by, 127*

    Drawingssee Fund Transactionsand individual countries

    Ecuador—balance of payments and reserves, 13*, 84-85*; drawings, 126*; Fund assistance in monetary reform, request for, 28; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    Edible Oils—prices, 76, 77†, 149*

    El Salvador—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 125*; Fund quota increase, 125*; standby, 126, 127*

    Employment—10-11; industrial countries, 3-4

    Ethiopia—balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*

    Euro-Issues—72-75; Euro-dollars, 49-50, 60, 72; Euro-marks, 74

    European Economic Community—balance of payments and reserves, 51-56, 59*, 60*, 140*; capital markets, 73*; cost of living, 65†, 143*; credit, private sector, 65†, 144*; economic conditions, 63; export prices, 65*, 144*; industrial production, 62†, 141*; international trade, 41-46, 138-39*; money supply, 66†, 145*; prices, 64†, 143*; wages, 64†, 142*; see also individual countries

    European Free Trade Association—balance of payments and reserves, 53-56; international trade, 43-47, 138-39*

    European Fund—gold transactions, 113

    Exchange Rates—primary producing countries, less developed, 24-25; industrial countries, 65-67

    Executive Directorssee Fund Executive Board

    Export Earnings—5, 41-47; see also World Tradeand individual countries

    Finland—balance of payments and reserves, 4, 13*, 57*, 84-85*; employment, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 81*; securities issues, 75, 86

    Fiscal Policy—industrial countries, 70-72; primary producing countries, less developed, 23-24; see also individual countries

    Fish and Fishmeal—Peruvian shipments, 109-10

    Foreign ExchangeseeExport Earnings, Reserves, Gold and Foreign Exchange,and individual countries

    France—balance of payments and reserves, 4, 13*, 15†, 52*, 54†, 57*, 60*, 100-101, 136*, 140*; capital markets, 72*, 73; capital movements, 48, 49, 102; discount rates, 67†, 67*, 68-69, 147*; economic conditions, 63; employment, 3; fiscal policy, 71*; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*, 117; interest rates, 68*, 146*; international trade, 46-47, 54†, 140*; monetary policy, 68-69; wages, 64†, 142*

    Fund Articles of Agreement—Articles III, Section 2, Quinquennial Review of Quotas, 34; V, Section 4, waiver, 124; V, Section 7(b), repurchase postponement, 36; V, Section 8(f), payment of Fund charges, 130; VII, Section 2(ii), gold sales, 34; VIII, acceptance, 123, 124*; VIII, Sections 2, 3, and 4, consultations, 131; XIV, Section 2, consultations, 131; signature, 33

    Fund Assistance to Memberssee Fund Services to Members

    Fund Board of Governors—quota increase, 6; Resolutions 20-6 and 20-7, 33, 123

    Fund Consultations With Memberssee Fund Services to Members

    Fund Cooperation With Other International Organizations—37, 131-33; see also individual organizations

    Fund Currency Holdingssee Fund Resources

    Fund Executive Board—33; Executive Directors, list and voting power, 155-57; international liquidity discussions, 9-10, 20; membership changes, 158-60

    Fund Executive Board Decisions—102—(52/11), currencies for use in repurchase, 36; 1034-(60/27), consultations, 13; 1289-(62/l), General Arrangements to Borrow, renewed, 34-35; 1371-(62/36), currencies for drawing and repurchase, 37; 1477-(63/8), compensatory financing, 124; fourth quota review completed, 34; postponement of repurchase, 36

    Fund Financial Statements—161-72

    Fund Gold Holdingssee Fund Resources

    Fund Managing Director—addresses, etc., 132; consulted in currency purchases by Fund members, 18-19; reserve creation proposals, 9, 18-20

    Fund Members—33

    Fund Organization and Administration—Audit Committee, 134, 164-65; budget and expenditure, 133-34, 162-63, 168; Central Banking Service, 28, 37; Fiscal Affairs Department, 37; IMF Institute, 37-38; publications, 138; staff, 133; staff retirement fund, 172; see also Fund Board of Governors, Fund Executive Board, and Fund Managing Director

    Fund Quotas—33; increases, 6, 33-34, 124, 125*; increases under compensatory financing, 124

    Fund Resources—General Arrangements to Borrow, 6, 34-35, 128; gold and currency holdings, 36, 113-15; quotas after increases, 6, 33-34; under reserve creation plans, 18-20; U.S. securities, investment, 133-34, 166-67

    Fund Services to Members—consultations, 7, 131; technical assistance, 37-38; training program, 38; see also Fund Organization and Administration: Central Banking Service, Fiscal Affairs Department

    Fund Transactions—6-7, 35-37, 123-31; charges to members, 130-31; compensatory financing, 7-8, 34, 36, 123-24; currencies used by Fund, 36-37; currency purchases by Fund, 35-36; drawings, 6-7, 16, 35-36, 126*, 130*, 131*; drawings, gold tranche, 34, 124; General Arrangements to Borrow, 6, 34-35, 128; gold deposits by Fund, 34; gold transactions, 34, 113*, 115; gold transactions service, 119; repurchases by members, 36-37, 128, 130*; stand-bys, 7, 35-36, 106-108, 124-28, 129†, 151*

    Gabon—Fund quota increase, 124

    General Agreement on Tariffs and Trade—Fund cooperation with, 132

    General Arrangements to Borrow—see Fund Transactions

    Germany, Federal Republic of—balance of payments and reserves, 4, 13*, 15†, 51-57, 60*, 99-100, 136*, 140*; bonds, government, yields, 66†, 146*; Bundesbank, 50, 69, 128*; capital markets, 72, 73*, 74; capital movements, 48-49, 100; currency purchases by Fund for gold, 34; discount rates, 67†, 67*, 69, 147*; economic growth, 3, 63; fiscal policy, 71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation (Deutsche Bundesbank), 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; indemnity payments, 100; interest rates, 66, 68†, 146*, 148*; international trade, 41-47, 138-39*; monetary policy, 69; wages, 64, 142*

    Ghana—balance of payments and reserves, 13*, 84-85*, 87, 105-107; cocoa prices 76-78, 149*; drawing for quota increase, 124; drawings, 126*; economic developments, 90; Fund quota increase, 125*; gold production, 112*, 113; par value change for new cedi, 123; repurchases from Fund, 128*; stand-by, 106

    Gold—absorption by private holders, industry, and arts, 113*, 115; hoarding, 118; holdings, 60, 113-15; markets, 115-18; national policy changes, 118-19; prices, 115-18, 151*; production, 112-13; subsidy programs, 119; see also Fund Transactions

    Gold Pool—115, 117-18

    Government Bonds—yields, 65-66, 146*

    Greece—balance of payments and reserves, 4, 13*, 57*, 84-85*; economic developments, 90; Fund quota increase, 125*; gold policy changes, 118-19; international trade, 81*

    Gross National Product—proportion to aid and capital outflow, 5; selected countries, 63*

    Group of Ten—balance of payments and reserves, 13*, 59*; General Arrangements to Borrow, renewed, 34-35; reserve creation study, 9; see also Fund Transactions: General Arrangements to Borrow

    Guatemala—balance of payments and reserves, 13*, 84-85*; drawings, gold tranche, 124, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; standby, 126, 127*

    Guinea—Fund quota increase, 124

    Guyana—application for Fund membership, 33

    Haiti—balance of payments and reserves, 84-85*; drawing for quota increase, 124, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchase from Fund, 128*; stand-by, 126*, 127-28

    Honduras—balance of payments and reserves, 13*, 84-85*; drawings, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    Iceland—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86; economic developments, 89; Fund quota increase, 125*

    Incomes Policy—developing countries, 25, 27; see also individual countries

    India—balance of payments and reserves, 13*, 60*, 84-85*, 87, 107-108; disputes with Mainland China and Pakistan, effect on gold demand, 115-17; drawings for quota increase, 124, 126*, 127*; economic developments, 90-91; food shortage problems, 78, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; gold policy changes, 119; gold production, 113; international trade, 81*; National Defence Gold Bonds, 118-19; repurchases from Fund, 128*; stand-by, 127*

    Indonesia—currency held by Fund, 166; gold production, nationalization, 119; withdrawal from Fund, 33

    Industrial Countries—aid to other countries, 5; balance of payments and reserves, 4-5, 15†, 51-61, 136*, 140*, 141*; bank credit, private sector, 65†, 148*; capital markets, 71-75; capital movements, 4-6, 47-50; economic conditions, 3-4; employment, 3; financial developments, 62-75; international trade, 41-47, 138-40*; money supply, 66†, 145*; prices, 4; stand-bys, 129†, 151*

    Industrial Production—62†, 141*

    Inflation—industrial countries, 62; relation to reserves, 12; see also Price Stabilityand Stabilization Programs

    Inter-American Development Bank—132

    Interest Rates—control of capital movements, effect of, 5; credit control, effect on, 23; industrial countries, 65-67, 146*

    International Bank for Reconstruction and Development (World Bank)—cooperation with, 37; primary producing countries, debt management analysis, 7

    International Coffee Agreement—prices, 78

    International Liquidity—9-20

    International Monetary Fundsee Fund

    International Organizations—Fund cooperation with, 38, 131-33

    International Reservessee Reserves, Gold and Foreign Exchange

    International Tradesee World Tradeand individual countries

    Iran—balance of payments and reserves, 13*, 84-85*, 87; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 128*

    Iraq—balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*

    Ireland—balance of payments and reserves, 4, 13*, 56*, 60*, 84-85*; drawing, 35, 126*; economic developments, 90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*

    Israel—balance of payments and reserves, 13*, 60*, 84-85*; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; German indemnity payment, 100

    Italy—balance of payments and reserves, 13*, 15†, 48*, 51, 52*, 54†, 57*, 60*, 102-103, 136*, 140*; bonds, government, yield, 66†, 146*; capital markets, 72*, 73*; capital movements, 4, 6, 49*, 50, 102-103; economic developments, 3, 63; fiscal policy, 71-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold transactions with U.S., 115*; gross domestic product, 63*; interest rates, 66; international trade, 43†, 44†, 46*, 47*, 138-39*; monetary policy, 69; wages, 64†, 142*

    Ivory Coast—balance of payments and reserves, 84-85*, 87-88; economic developments, 91; Fund quota increase, 125*

    Jamaica—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*

    Japan—balance of payments and reserves, 13*, 48-49, 50-56, 57*, 60*, 103-104, 140*; bank credit, 65†, 66, 144*; capital markets, 72*, 73*, 74*; capital movements, 4, 48*, 50, 104; cost of living, 65†, 143*; discount rates, 67*, 67†, 70, 72, 147*; economic growth, 3, 63; export prices, 65†, 144*; fiscal policy, 71-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 124*; General Arrangements to Borrow, renewed, 34-35; gold production, 112; industrial production, 62†, 141*; interest rates, 66; international trade, 43-47, 138-39*; monetary policy, 70; money supply, 66†, 145*; prices, wholesale, 64†, 143*; U.S. direct investment in, 49*; wages, 64†, 142*

    Jordan—balance of payments and reserves, 13*, 84-85*; economic developments, 91; Fund quota increase, 125*; repurchases from Fund, 128*

    Jute—prices, 78

    Kenya—Fund quota increase, 125*

    Korea—balance of payments and reserves, 13*, 84-85*, 108; economic developments, 90-91; Fund quota increase, 125*; stand-by, 127-28

    Kuwait—balance of payments and reserves, 13*; Fund Article VIII, acceptance, 124*; international trade, 81*

    Latin American Center for Monetary Studies—Fund cooperation with, 132

    Latin American Countries—balance of payments and reserves, 56*, 57*, 60*, 88†, 150*; international trade, 80-82; see also individual countries

    Lead—prices, 77†, 78-79, 149*

    Lebanon—balance of payments and reserves, 13*

    Liberia—drawings, 126*; Fund quota increase, 125*; stand-by, 126*, 127-28

    Libya—balance of payments and reserves, 13*, 84-85*; economic developments, 88, 90; Fund quota increase, 125*

    Liquiditysee International Liquidity

    Luxembourg—capital markets, 73*; Fund Article VIII, acceptance, 124*; see also Belgium-Luxembourg

    Malagasy Republic—Fund quota increase, 125*

    Malaysia—balance of payments and reserves, 13*, 84-85*, 87; Fund quota increase, 124, 125*; international trade, 81*, 82; repurchases from Fund, 128*; rubber and tin prices, 77†, 149*

    Mali—drawings, 126*; economic developments, 90; Fund quota increase, 125*; stand-by, 127*

    Manufacturing Countriessee Industrial Countries

    Mauritania—Fund quota increase, 125*

    Metalssee Minerals and Metals

    Mexico—balance of payments and reserves, 13*, 57*, 60*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 112*, 113; international trade, 81*

    Middle Eastern Countries—balance of payments and reserves, 56*, 57*; see also individual countries

    Minerals and Metals—Australian imports, 104; exporters, 81*; international trade, 79; prices, 76, 77†, 78-79, 148*, 149*

    Monetary Policy—credit control, 26-28; demand control, 22-23; exchange rates, 24-25; implementation, 26-27; incomes, 25; industrial countries, 62-75; prices, 25; primary producing countries, 21-32; state enterprises, 23-24; see also Central Banksand individual countries

    Money Markets—industrial countries, 72-75

    Montserrat—par value, new East Caribbean dollar, 123

    Morocco—balance of payments and reserves, 13*, 84-85*, 87; economic developments, 90; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 125*; stand-by, 126, 127*

    Nepal—Fund quota increase, 125*

    Netherlands—balance of payments and reserves, 13*, 52*, 57*, 60*; bonds, government, yields, 66†, 146*; capital markets, 72-75; capital movements, 48*; discount rates, 67*, 67†, 147*; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; interest rates, 66†, 146*; international trade, 46, 47*; wages, 64

    New Zealand—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86; drawings, 35, 126*; economic developments, 89-90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 46, 81*; U.S. direct investment in, 49*

    Nicaragua—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 113; repurchases from Fund, 128*

    Nigeria—balance of payments and reserves, 13*, 84-85*, 88; Fund quota increase, 124; international trade, 81*, 82

    Norway—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund quota increase, 124; international trade, 46*, 47*

    Oilsee Edible Oilsand Petroleum

    Organization for Economic Cooperation and Development—Fund cooperation with, 16, 37, 132; reserve creation study, 9, 18

    Pakistan—balance of payments and reserves, 13*, 84-85*, 87; dispute with India, effect on gold demand, 115; drawings, 34, 126*; Fund quota increase, 125*; international trade, 81*, 82; stand-by, 127*

    Panama—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; stand-by, 36, 126, 127*

    Par Valuessee Fund Membersand individual countries

    Paraguay—balance of payments and reserves, 84-85*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 127*

    Peru—balance of payments and reserves, 13*, 84-85*, 108-109; capital movements, 109; economic developments, 90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*, 87; stand-by, 127*

    Petroleum—exporters, 13*, 15†, 81*, 136*; exports, 80; prices, 76, 80; renegotiation- of contracts, 86, 87

    Philippines—balance of payments and reserves, 13*, 84-85*; economic developments, 87; gold production, 112*, 113; gold subsidy program, 119; international trade, 81*; par value change, 123; repurchases from Fund, 128*; stand-by, 127-28

    Portugal—balance of payments and reserves, 13*, 14, 57*, 60*, 84-85*; economic developments, 89-90; Fund quota increase, 125*

    Price Stability—developing countries, 25-26

    Prices—cost of living, 65 †, 143*; developing countries, 25-26; export, 65†, 144*; gold, 115-17, 151*; industrial countries, 3, 63-64; primary products, 3, 76-79, 148*, 149*; wholesale, 64†, 143*; see also Monetary Policy

    Primary Producing Countries, Less Developed—aid from industrial countries, 5; balance of payments and reserves, 4-5, 7, 13-16, 21-22, 51-61, 83-92, 136*, 140*, 141*, 151*; capital movements, 5, 23, 47-50; central banks, 28-32; credit and demand control, 23-24; debt management, 7, 22, 37; drawings and stand-bys, 7, 22, 129†, 151*; economic growth and problems, 3, 7, 90-92; exchange rates, 24, 25; export earnings and prices, 7, 76†, 148*; fiscal policy, 23-24; Fund assistance, 27; incomes policy, 25-26; international trade, 3, 41-47, 79-82, 137*; price control, 25; stabilization problems, 21-23; state-controlled enterprises, 23-25; taxes, 23; wage policy, 25-26; see also individual countries.

    Primary Producing Countries, More Developed—balance of payments and reserves, 4, 7, 15†, 51-61, 77†, 83-86, 136*, 140*, 141*, 150*; capital movements, 5; defined, 4; drawings and stand-bys, 7, 129†, 151*; economic developments, 79-82, 89-90; economic problems, 7; export earnings and prices, 7, 76†, 148*; international trade, 41-47, 79-82, 137*; see also individual countries

    Primary Products—prices, 3, 76-79, 148*, 149*; world trade, 79-92; see also Prices, Primary Producing Countries, and individual countries and products

    Quotas of Fund Memberssee Fund Quotas

    Rediscount Policy—credit control, 20

    Reserve Centers—balance of payments deficits, 4-6; control of capital movements, effect of, 6

    Reserve Creation—9-20

    Reserve Currencies—6

    Reserves, Gold and Foreign Exchange—5; central bank, 31; creation, 9-20; gold, 114†, 150*; industrial countries, 93-104; primary producing countries, 104-11; world, 5-6, 11-16, 53*, 84-85*, 113-15

    Rhodesia—balance of payments and reserves, 84-85*; gold production, 112*, 113; gold subsidy program, 119

    Rice—prices, 76; world trade, 79

    Rubber—prices, 77†, 149*; world trade, 82

    Rwanda—drawings, 126*; Fund quota increase, 125*; initial par value established, 123*; stand-by, 36, 126-27

    St. Christopher-Nevis-Anguilla—par value, new East Caribbean dollar, 123

    St. Lucia—par value, new East Caribbean dollar, 123

    St. Vincent—par value, new East Caribbean dollar, 123

    Saudi Arabia—balance of payments and reserves, 13*, 60*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*

    Securities Marketssee Capital Markets

    Sierra Leone—balance of payments and reserves, 84-85*; Fund quota increase, 125*; initial par value established, 123*

    Singapore—international trade, 81*

    Sisal—prices, 77†, 78, 149*

    Somalia—balance of payments and reserves, 84-85*; drawings, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    South Africa—balance of payments and reserves, 4, 13*, 57*, 60*, 84-85*, 86; economic developments, 89-90; Fund quota increase, 125*; gold production, 112; gold sales, 117; international trade, 46, 81*; U.S. direct investment in, 49*

    South Arabia, Federation of—par value change for Arabian dinar, 123

    Soviet Countries—imports, 45*; trade with less developed countries, 44-45; wheat contracts, 78

    Spain—balance of payments and reserves, 4, 13*, 57*, 60*, 84-85*, 86, 110-11; capital movements, 110; economic developments, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; gold purchases, 115; international trade, 81*

    Stabilization Programs—developing countries, 21-27

    Stand-By Arrangementssee Fund Transactionsand individual countries

    State-Owned Enterprises—less developed countries, 23, 25

    Sudan—balance of payments and reserves, 13*, 84-85*; cotton prices, 77†, 149*; drawings, 36, 126*; economic developments, 91; Fund quota increase, 125*; repurchases from Fund, 128*

    Sugar—Peru, exports, 108; prices, 76-78, 149*; world trade, 79

    Swap Arrangements, Bilateral—relation to reserves, 16

    Sweden—balance of payments and reserves, 13*, 53*, 57*, 60*; capital movements, 72*; discount rates, 67, 70, 147*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation (Sveriges Riksbank), 128*; General Arrangements to Borrow, renewed, 34-35; international trade, 46, 47*; monetary policy, 70

    Switzerland—balance of payments and reserves, 13*, 14, 53*, 57*, 60*; bonds, government, yields, 66†, 146*; capital markets, 73*; capital movements, 48*; currency loan to United Kingdom, 35; discount rates, 67†, 147*; fiscal policy, 71; gold purchases, 115, 117-18; interest rates, 66†, 146*; international trade, 46*, 47*

    Syrian Arab Republic—balance of payments and reserves, 13*, 84-85*; drawing for quota increase, 124, 126*; Fund quota increase, 125*; repurchases from Fund, 128*

    Tanzania—Fund quota increase, 124

    Taxes—developing countries, 23-24

    Tea—prices, 76, 77†, 149*

    Technical Assistance and Cooperationsee Fund Organization and Administration: Central Banking Service and Fund Services to Members

    Terms of Trade—80

    Thailand—balance of payments and reserves, 13*, 84-85*, 87; economic developments, 90; Fund quota increase, 125*; international trade, 81*; rice prices, 77†, 149*

    Tin—prices, 77†, 79, 149*

    Tourism—Germany, 100; Mediterranean countries, 86; Spain, 110

    Trinidad and Tobago—Fund quota increase, 125*

    Tunisia—balance of payments and reserves, 13*, 84-85*, 87; drawings, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

    Turkey—balance of payments and reserves, 4, 13*, 86; gold purchases, 115*; international trade, 81*; repurchases from Fund, 128*; standby, 36, 127-28

    Uganda—coffee prices, 77†, 149*; Fund quota increase, 125*

    Union of Soviet Socialist Republics—gold production, 113; gold sales, 113*, 114†, 117, 151*; see also Soviet Countries

    United Arab Republic—balance of payments and reserves, 13*, 84-85*, 87; drawings, 36, 124, 126*; economic developments, 90-91; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 127*

    United Kingdom—balance of payments and reserves, 4-6, 12*, 14, 15†, 42*, 43*, 51-53, 54†, 97-99, 136*, 140*; bank credit, 65, 144*; Bank of England, credit control, 68; Bank of England, Gold Pool operation, 116-17; bonds, government, yields, 65-66, 146*; capital markets, 72-74; capital movements and control, 5, 47-50, 97-99; cost of living, 65†, 143*; discount rates, 65-67, 147*; drawings, 6-7, 35, 97-98, 126*; economic growth, 3; employment, 63; Exchange Equalization Account, 48, 93; export prices, 65†, 144*; fiscal policy, 71; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold coins, restrictions, 119; gold prices, 116-17, 151*; gold transactions, 116-17; gross domestic product, 63*; industrial production, 62†, 141*; interest rates, 65-67, 68†, 146*, 148*; international trade, 42-46, 47*, 138-39*; monetary policy, 68; money supply, 66†, 145*; par value change for new monetary units, nonmetropolitan territories, 123; prices, 64-65; standby, 127*, 129†, 151*; Switzerland, currency loan from, 35; wages, 64, 142*

    United Nations—Conference on Trade and Development, 8, 16-17; other affiliated organizations, cooperation with, 132-33

    United States—balance of payments and reserves, 4-6, 12-16, 51-61, 93-95, 136*, 140*; bank credit, 64-66; bonds, government, yields, 65-66, 146*; capital markets, 71-75; capital movements and control, 4-5, 47-51, 93-95; cost of living, 65†, 143*; debt management, 67-68; direct investment, 47-50, 95; discount rates, 67, 147*; dockworkers’ strike, effect on economy, 43, 93; dollar sales, 5; drawings, gold tranche, 7, 35, 126*; economic growth, 3-4, 62-63; employment, 3-4, 63; fiscal policy, 70-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold holdings under earmark, 115; gold production, 112; gold transactions, 5, 115; gross national product, 63*; industrial production, 62†, 141*; Interest Equalization Tax, 73, 97; interest rates, 65-66, 68†, 148*; international trade, 41-47, 138-39*; monetary policy, 67-68; money supply, 66†, 145*; prices, 64-66; stand-by, 126*, 127*, 129†, 151*; Viet-Nam conflict, effects, 3, 6; wages, 63-64, 142*

    Upper Volta—Fund quota increase, 124

    Uruguay—balance of payments and reserves, 13*, 84-85*; economic conditions, 87; GATT consultation, Fund conference on, 132; repurchases from Fund, 128*

    Venezuela—balance of payments and reserves, 13*, 57*, 60*, 84-85*; economic conditions, 86; Fund quota increase, 125*; international trade, 81*

    Viet-Nam—balance of payments and reserves, 13*, 84-85*, 87; conflict in, effects, 3, 6, 115-16; Fund quota increase, 125*

    Wage Policy—developing countries, 25

    Wages—cost per manufactured unit, 64†, 142*; industrial countries, 63-64; rates, 64†, 142*

    Wheat—Australian exports, 105*; Canadian shipments, 96; prices, 76-78, 149*

    Wholesale Prices—selected countries, 64†, 143*

    Wool—Australian exports, 104-105; prices, 76-78, 149*

    World Banksee International Bank for Reconstruction and Development

    World Reservessee Reserves, Gold and Foreign Exchange

    World Trade—41-46, 137*; export prices, 65†, 144*; growth, 41-45*; industrial countries, 43†, 44†, 138-39*; primary producing countries, 79-82

    Yugoslavia—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86-87; drawings, 34, 124, 126*; GATT consultation, Fund conference on, 132; international trade, 81*; repurchases from Fund, 128*; stand-by, 127

    Zambia—balance of payments and reserves, 84-85*, 87; initial par value established, 123*; international trade, 81*

    Zinc—prices, 77†, 79, 149*

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