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International Monetary Fund


International Monetary Fund Managing Director Christine Lagarde delivered this address at the Library of Congress as part of the Library’s Henry A. Kissinger Lecture Series in Washington, D.C. on December 4, 2018.



It is an honor to be with all of you tonight. Although he cannot be here this evening, I know we are all profoundly grateful to Dr. Kissinger for launching this important lecture series nearly 20 years ago.

Mr. Stanley Fischer

Since it began operations in 1946, the IMF has steadily evolved in response to changes in the world economy. What steps is it taking to meet the new challenges posed by the Asian crisis?

International Monetary Fund. External Relations Dept.

This paper examines the difference between “capital” and “investment” for developing countries. The paper highlights that investment in material capital is merely one of the factors involved in economic development and that current expenditures on health, education, agricultural extension, family planning, research, management training, and so on, may be equally important or even more important than investment in capital. The paper offers a brief historical survey, drawing attention to factors leading to the development of a market where savers and investors are brought together.

Abol Hassan Ebtehaj

In a statement issued on March 8, IMF Managing Director Michel Camdessus announced his intention to recommend to the IMF Executive Board that it approve the revised economic program for 1999-2001 proposed by the Brazilian government. The text of News Brief 99/10 follows.