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International Monetary Fund. External Relations Dept.

For many countries in Latin America, the search continues for sustainable reform agendas that can deliver poverty reduction. In some countries, disillusionment with the results of recent efforts has prompted policy reversals and renewed debate over the policies needed to achieve not only sustained growth but also substantial improvements in the living standards of the poor. On April 27, a group of 17 professors of economics from 10 Latin American countries—Bolivia, Brazil, Chile, Ecuador, Honduras, Mexico, Paraguay, Peru, Uruguay, and Venezuela—participated in a one-day seminar with IMF officials in Washington to explore the region’s economic challenges.

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.

International Monetary Fund. External Relations Dept.

This paper presents a review of the principal issues emerging from an IMF Conference held in March 1983. The special drawing right has been conceived in the 1960s and has been formally provided in the first amendment to the Articles of Agreement of the IMF, which took effect in 1969. Upon the abandonment of the Bretton Woods system of fixed exchange rates and the coming of freedom for the IMF members to adopt the exchange arrangements of their choice, a lack of discipline has been felt in the international monetary system.