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International Monetary Fund. External Relations Dept.

(www.imf.com)

Shahid Javed Burki and T. J. Goering

Rising populations and inadequate progress in agricultural and rural development in the low-income countries will lead to enormous food deficits by the year 1985, unless corrective measures are taken soon. The authors of this article assess, on the basis of an analysis carried out in the World Bank, the impending food problems of these countries, and offer a strategy that they feel could counter this trend over the next several years.

International Monetary Fund. External Relations Dept.

This paper highlights that in July 1975, an interdepartmental task force, chaired by the Director of the Bank’s Transportation and Urban Projects Department, had been established to develop an “urban poverty action program.” This task force published, in March 1976, an interim report containing tentative conclusions on the dimensions of the problem, and on the possible strategy the Bank might use to deal with urban poverty. The task force estimated that roughly 25 percent of the urban population of developing countries that are members of the Bank—some 150 million people—live in absolute poverty.

International Monetary Fund. External Relations Dept.

This paper examines the expanded role for the International Finance Corporation (IFC) with a major capital increase. The paper highlights that for the first time in its history, the IFC is undertaking a major increase of its share capital. In a decision made by its Board of Governors in November 1977, the IFC’s authorized capital stock has been increased by US$540 million, from US$110 million to US$650 million. Of the increase, US$480 million has been allocated for subscription by current member countries. More than US$165 million has already been subscribed and US$33 million paid.

International Monetary Fund. External Relations Dept.

This paper highlights that since its inception in 1956, the International Finance Corporation (IFC) has invested more than US$1.7 billion in nearly 300 enterprises in 62 developing countries in total projects costing about US$9 billion. The IFC is the affiliate of the World Bank, which has been given the specific task of furthering economic development by encouraging the growth of productive private enterprise in developing countries. The paper underscores that IFC plays an essentially catalytic role in generating investment funds from local and foreign sources.

International Monetary Fund. External Relations Dept.

This paper discusses the launch of the Brandt Commission. The paper highlights that during the week of the Annual Meetings of the Board of Governors of the World Bank and the IMF in Washington, D.C. (September 26–30, 1977), Willy Brandt, former Chancellor of the Federal Republic of Germany, announced that he would head an independent commission that would identify “ways of restructuring international relations that would command the widest possible support.” The Commission will have about 15 members, both from developed and developing countries.

International Monetary Fund
This report describes the progress made in implementing the Poverty Reduction Strategy Paper for Sierra Leone covering the period 2005–07. Efforts to reform the public sector were not successful. Management and Functional Reviews were conducted for several ministries, departments, and agencies but the recommendations were not implemented. A Senior Executive Service program was also developed but government and development partners could not agree on an implementation strategy and therefore the funds required for implementation were not provided.
International Monetary Fund
This paper reviews economic developments in Sierra Leone during 1994–96. The disruption to agriculture at the start of the rebel war precipitated negative growth in 1991/92 and 1992/93. The relatively peaceful conditions that prevailed in 1993/94 brought a rebound in agriculture as well as in diamond mining activities. As a result, real GDP grew by an estimated 5 percent. The turnaround was cut short in 1994/95 with the escalation of rebel attacks and amid closure of rutile and bauxite mining operations.
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
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.