Browse

You are looking at 1 - 2 of 2 items for :

  • Finance: General x
  • International organization x
  • Macroeconomics x
  • Periodicals x
  • Taxation, Subsidies, and Revenue: General x
  • Liquidity; Economics x
Clear All
Jakob Saper and Timothy Sweeney

Among the most difficult problems faced by developing countries is that of balancing a budget which is swollen by the cost of development. This problem is enhanced both by the slowness with which revenues grow, and by technical difficulties in controlling expenditures. The Fund is alive to the importance of the problem and is now able to offer help to its members in this field.

Keith Marsden

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.