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International Monetary Fund

Abstract

This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1959. The report highlights that the year that ended on April 30, 1959, stands out not only because of the marked changes that occurred in general business activity and in the international flow of funds, but also because important steps were taken to consolidate the monetary improvements achieved since the war and to strengthen the financial structure of the world economy.

International Monetary Fund

Abstract

This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1963. The report highlights that during the course of 1962, economic activity continued to expand in most industrial countries. In the United States, there was some slowdown in production, but final purchases rose almost as much as during 1961, and a revival of activity set in during the early part of 1963. In continental Europe, a climate of general prosperity continued to prevail.

John A. Kay

This year’s Annual Meeting of the Fund, while not dramatic in itself, discussed the intellectual background to a great deal of work still to be done. This article reports on the issues raised and the problems discussed.