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International Monetary Fund. External Relations Dept.

Olivier Blanchard, Professor of Economics at the Massachusetts Institute of Technology (MIT), became Director of the IMF’s Research Department on September 1. Blanchard spoke to the IMF Survey about the global economy and the IMF’s evolving role.

International Monetary Fund
This Selected Issues and Statistical Appendix paper outlines the recent developments in the political and security situation in Congo. It reviews economic performance during 1970–2003, including in the context of IMF-supported programs. The paper also reviews recent developments in public finance management, and examines the constraints on growth and poverty reduction. The sources of economic growth during 1970–2003 are analyzed. The paper also discusses the feasibility of an oil fiscal rule, and notes some key lessons and challenges for the Congo.
International Monetary Fund. External Relations Dept.
L’édition web du Bulletin du FMI est mise à jour plusieurs fois par semaine et contient de nombreux articles sur des questions de politique générale et de politique économique d'actualité. Accédez aux dernières recherches du FMI, lisez des interviews et écoutez des podcasts proposés par les principaux économistes du FMI sur des questions importantes de l'économie mondiale. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
La edición en Internet del Boletín del FMI, que se actualiza varias veces a la semana, contiene numerosos artículos sobre temas de actualidad en el ámbito de las políticas y la economía. Consulte las últimas investigaciones del FMI, lea entrevistas y escuche podcasts de los principales economistas del FMI sobre importantes temas relacionados con la economía mundial. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
International Monetary Fund

Abstract

This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1974. The report highlights that in mid-1974, the world economy was in the throes of a virulent and widespread inflation, a deceleration of economic growth in reaction to the preceding high rate of expansion, and a massive disequilibrium in international payments. The average annual rate of inflation in industrial countries, already 7 percent in 1973, reached 12 percent (in terms of gross national product deflators) in the first half of 1974.

Howard K. Carlson, W. John, and R. Woodley

AS THE Economic Cooperation Administration entered its twentieth month (November 1949) of a planned four-year existence, the total sum committed to financing imports of ECA participating countries amounted to over $7 billion. In the early stages of this period effective aid was accelerating, but the original plan for the program as a whole called for a gradual reduction. The appropriation for fiscal 1950 was in fact 25 per cent below that for the first ECA year (April 1948–March 1949). Since indications are that termination of the program must be regarded as inevitable, the possible significance of the diminution and end of the program should be assessed from the point of view of both the imports of the participating countries and the exports of the United States.