I the international payments problem
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International Monetary Fund
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Abstract

The unbalanced conditions which have characterized the world economic situation since the end of the war still prevail. In many countries there remains a striking discrepancy between demand and productive capacity, and an even greater discrepancy between need for imports and capacity to pay for them. Until effective measures are taken to meet these closely related problems, there can be little hope of achieving the expansion of world trade on a multilateral basis, which is one of the Fund’s objectives.

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