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Lyndon B. Johnson

Abstract

It is a great pleasure to meet with you, the leaders of international finance, and to bid you Godspeed on your labors for another year.

International Monetary Fund. Secretary's Department

Abstract

It is an honor and privilege for me to welcome you on this occasion, to welcome all of you who have come here to this great gathering but more especially those who have come from distant countries. We are happy that you decided to hold this conference of these great international financial agencies in Delhi. We are happy for various reasons. One is because this would enable us to know you better and to learn much from you and enable us to express our gratitude for the help that these agencies have given us in the past and in the present. Another is because I think it might be somewhat profitable for many of you, distinguished delegates, to have an opportunity to have a glimpse into our minds in our own environment.

International Monetary Fund. Secretary's Department

Abstract

The honor you have done to Belgium in conferring upon it the chairmanship of this Meeting this year gives me the pleasurable privilege of paying tribute on your behalf to our host country and to its Government. The nobility of thought which characterizes the welcoming message of the eminent statesman who watches over the fortunes of this great country, augurs well for the atmosphere and success of our work.

International Monetary Fund. Secretary's Department

Abstract

Other Members: Afghanistan, Argentina, China, France, Greece, Haiti, Iceland, India, Indonesia, Iran, Israel, United Kingdom, and United States

Pierre-Paul Schweitzer

Abstract

I should like to begin my remarks by expressing my thanks to the President of the United States for honoring us with his presence this morning, for the gracious words he has spoken on the work of our institutions, and for the encouragement he has given to our future efforts.

International Monetary Fund. Secretary's Department

Abstract

In the life of international and other institutions, some meetings are necessarily more routine than others, but this meeting may one day stand out as one of historic importance in the field of financial cooperation. I refer, of course, to the adoption by the Board of Governors of the Resolution instructing the Executive Directors to consider the question of the enlargement of the Fund’s resources. The varied implications and problems involved in such a step have been emphasized by individual Governors, and there is no need for me to add any further words with regard to the substance of the question raised in the Resolution. I would, however, refer to certain procedural matters. Several Governors, particularly those of the United States and the United Kingdom, have asked for prompt consideration of this question by the Executive Directors so as to make possible the submission of a concrete proposal to the Board of Governors by the end of this calendar year. It will, of course, be for the Executive Directors themselves, at an early date, to decide how they will handle these problems. I may say that once it became clear that this question would be raised at this meeting, especially after the publication of the exchange of letters between the President and the Secretary of the Treasury of the United States, the staff began work on the legal, economic, and other aspects of an increase in Fund quotas. This work is now being intensified, and I am therefore certain that the Executive Directors will in a few weeks have in their possession preliminary material useful for their deliberations.