Front Matter
Author: International Monetary Fund
Language:
English
Keywords:
AR; AREA; Fund; sc; fund transaction; bonham Carter; E. van Lennep; votes of Nigeria; Habibullah mali Achekzai; Exports; Imports; Gold; Trade balance; Africa; Western Europe; Europe; Central America; North America
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Abstract

INTERNATIONAL MONETARY FUND

Title Page

INTERNATIONAL MONETARY FUND

ANNUAL REPORT OF THE EXECUTIVE DIRECTORS FOR THE FISCAL YEAR ENDED APRIL 30, 1961

WASHINGTON, D. C.

Contents

  • Letter of Transmittal

    • PART 1. GENERAL SURVEY

  • 1. The World Payments Situation

  • 2. The Policies of the Fund

    • Convertibility

    • Currencies to Be Purchased from the Fund

    • Use of the Fund’s Resources

    • Use of the Fund’s Resources to Finance Capital Transactions

    • Increases in the Fund’s Resources by Means of Borrowing

      • PART II. THE WORK OF THE FUND

  • 3. The Activities of the Fund

    • Fund Membership and Quotas

    • Use of the Fund’s Resources

      • Stabilization and Other Programs

      • Summary of Transactions

      • Fund Charges

      • Computation of Monetary Reserves

    • Gold Transactions Service

    • Consultations on Exchange Restrictions

    • Cooperation with Other International Organizations

  • 4. The Administration of the Fund

    • Staff

    • Finance

    • Publications

    • Training

  • PART III. INTERNATIONAL PAYMENTS RELATIONS

    • 5. National and International Background and Policies

      • General Features

      • Production, Employment, and Prices in the Industrial Countries

      • Main Trends in World Trade

        • Trade of Manufacturing Countries

        • Trade of Primary Producing Countries

      • Financial Policies in the Industrial Countries

      • Developments in the Less Industrialized Countries

  • 6. Balance of Payments Developments

    • Global Survey

    • United States

    • United Kingdom and Sterling Area

    • Federal Republic of Germany

    • Other Western European Manufacturing Countries and Japan

    • Primary Producing Countries

      • Latin America

      • Overseas Sterling Area

      • Other Countries

    • World Reserves

  • 7. Exchange Practices and Payments Arrangements

    • General Developments

      • Convertibility

      • Par Values and Exchange Rates

      • Payments Restrictions

    • Regional Economic Associations

  • 8. Gold

    • Gold Production

    • Gold Holdings

    • Gold Markets and Prices

      • The London Market

      • Other Developments

  • APPENDICES

  • I. Executive Board Decisions

    • A. Decision on Transition from Article XIV to Article VIII

    • B. Decision on Fund’s Investment Program

  • II. Members, Quotas, Governors, and Voting Power

  • III. Changes in Membership of Board of Governors

  • IV. Executive Directors and Voting Power

  • V. Changes in Membership of Executive Board

  • VI. Summary of Fund Transactions

  • VII. Administrative Budget

  • VIII. Comparative Statement of Income and of Total Administrative Expenditure

  • IX. Financial Statements of International Monetary Fund and Staff Retirement Fund

  • X. Schedule of Par Values

  • Index

    • LIST OF TABLES AND CHARTS

  • Table

    • 1. Purchases of Currency from the Fund, Fiscal Year Ended April 30, 1961

    • 2. Repurchases of Currency from the Fund, Fiscal Year Ended April 30, 1961

    • 3. Fund Stand-By Arrangements with Members, Fiscal Year Ended April 30, 1961

    • 4. Summary of Fund Transactions, Fiscal Years Ended April 30, 1948-61

    • 5. Percentage Changes in Real Gross National Product, Industrial Production, Unemployment Rate, Wages, and Cost of Living, Selected Countries, 1959, 1960, and First Quarter of 1961

    • 6. Value of World Trade, 1958-60

    • 7. Trade of Primary Producing Countries, 1959 and 1960

    • 8. Changes in Money Supply, 1953-60, and Factors Affecting Changes in Money Supply, 1959 and 1960, Selected Less Industrialized Countries

    • 9. World Balance of Payments Summary, 1959 and 1960

    • 10. United States: Balance of Payments Summary, 1958- First Quarter 1961

    • 11. United Kingdom: Balance of Payments Summary, 1958-First Quarter 1961

    • 12. Federal Republic of Germany: Balance of Payments Summary, 1958-First Quarter 1961

    • 13. Other Manufacturing Countries of Western Europe, and Japan: Balance of Payments Summaries, 1959 and 1960

    • 14. Primary Producing Countries: Balance of Payments Summaries, 1959 and 1960

    • 15. Official Gold and Foreign Exchange Reserves, 1957-60

    • 16. Changes in Official Gold Holdings, 1958-60

    • 17. United States: Settlement of Balance of Payments Deficit, 1958-60

    • 18. Prices of Gold in Various World Markets, Year Ended April 1961

    • Chart

    • 1. Exports from Various Areas, 1956-60

    • 2. Short-Term Interest Rates in Selected Countries, Monthly Averages, January 1959-June 1961

    • 3. Estimated Official Gold Reserves, 1957-60

    • 4. Estimated Supply and Absorption of Gold, 1951-60.

    • 5. Price of Gold in London Market, Monthly Averages, March 1954-April 1961

INTERNATIONAL MONETARY FUND

Per Jacobsson

Managing Director and Chairman of the Executive Board

H. Merle Cochran

Deputy Managing Director

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LETTER OF TRANSMITTAL TO THE BOARD OF GOVERNORS

June 23, 1961

My dear Mr. Chairman:

In accordance with Section 10 of the By-Laws of the International Monetary Fund, I have the honor to present to the Board of Governors the Annual Report of the Executive Directors for the fiscal year ended April 30, 1961.

Yours sincerely,

/s/

Per Jacobsson

Chairman of the Executive Board

Chairman of the Board of Governors

International Monetary Fund

Cover International Monetary Fund Annual Report 1961
International Monetary Fund Annual Report 1961
Author: International Monetary Fund
ISBN:
9781616351731
ISSN:
2227-8915
Publication Date:
01 Sep 1961
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351731.011
Pages:
212