Finance and Development

Finance and Development
Journal
Publisher:
International Monetary Fund
ISSN:
0145-1707
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance and Development. This lively quarterly magazine brings you in-depth analysis of these and other subjects by the IMF’s staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF. Additional features include book reviews; profiles of prominent economists; and a regular column, Back to Basics, that explores key economic concepts for the nonspecialist reader. Finance and Development is read by policymakers, academics, economic practitioners, and decision makers around the world.
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Finance & Development, March 1984

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Finance & Development, March 1984
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Journal Issue
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Volume/Issue:
21/1
Series:
Finance & Development
Author(s):
International Monetary Fund. External Relations Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 1984
DOI:
http://dx.doi.org/10.5089/9781616353568.022
ISBN:
9781616353568
ISSN:
0145-1707
Page:
56
This paper examines the IMF's role in the changing world. Faced with mounting domestic and external financial imbalances, numerous African countries adopted adjustment programs supported by the use of IMF resources during 1980-81. Considerable emphasis has been given to economic growth in programs under consideration and most aimed for an increase in economic growth during the program year. Although programs generally emphasized an improvement in the external sector position, medium-term considerations did not always allow for an improvement in the current account position.
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