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International Monetary Fund. External Relations Dept.

This paper highlights that the flow of IMF-related resources to member countries was maintained at a high level during 1979, amounting to the equivalent of SDR 6,917 million, compared with SDR 4,955 million in 1978. Some SDR 3.77 billion became available to non-oil developing countries in 1979. Repurchases in the General Resources Account by all members—at SDR 4.2 billion—exceeded their purchases of SDR 1.8 billion by an unprecedented SDR 2.4 billion. These large repurchases reflected the substantial improvement in the balance of payments of some industrial member countries that had large outstanding drawings.

This is the final article in our series commemorating the fortieth anniversary of Bretton Woods. Andrew Kamarck was with the World Bank for 28 years, holding a number of senior positions in the institution. Since retiring from the Bank, he has been Associate Fellow at the Harvard Institute of International Development. In this strictly personal perspective, he reflects about the Bank’s past efforts to promote development, including some of the obstacles it has faced, and the important role it has to play in the future.

Pierre Landell-Mills, Ramgopal Agarwala, and Stanley Please

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own 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.

Jacob Meerman and Susan Hill Cochrane

How will sub-Saharan Africa cope with a growing population and decreasing food production per capita? The authors assess the situation and discuss ways in which the problems might be eased.

Shahid Javed Burki

The emphasis on decentralization and market forces has led to impressive progress. The Bank is helping address bottlenecks that remain

Wendy S. Ayres and Alex F. McCalla

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own 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.

Systematic knowledge of factors influencing the economic development of Africa is as yet largely lacking. This article touches upon some of the basic problems already known, including adverse climates, poor soils, and rampant diseases. It also describes some of the ways in which African life has tackled, and is tackling, these problems.

Lewis Perinbam

The author examines the Bank’s relations with the United Nations and what it means for the Bank to be associated with the UN system. He shows how the Bank, an autonomous economic and financial institution, is able to work in harmony with the United Nations, a political organization.

International Monetary Fund. External Relations Dept.

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own 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.