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International Monetary Fund. External Relations Dept.

second quarter, Mauritius made its first use of the Fund resources since joining the IMF in September 1968. It drew the equivalent of $4 million in support of its exchange position. Repayments by repurchase included $50 million by India in April, and $196 million by the United Kingdom in May in respect of its purchase equivalent to $1.4 billion in May 1965. The U.K. repurchase was followed by a repayment by the Fund in the same month of $105 million in six currencies previously borrowed under the GAB to help finance the 1965 transaction. Purchases from the Fund in

International Monetary Fund. External Relations Dept.
This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.
International Monetary Fund. External Relations Dept.
International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

William H. White

In “How Useful are Econometric Models?” in the March 1969 issue of Finance and Development, William H. White described what econometric models are and what they are used for. In this article he discusses the most important econometric terms for the user of econometric evidence, explains some of the criteria of accuracy used in presenting such evidence, and describes the extent to which those criteria can be accepted by the policymaker.

International Monetary Fund. External Relations Dept.

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was financed in 1961 by the first credit ever made by the International Development Association, the World Bank’s soft-loan affiliate. Between its terminal points, the highway provides individuals of the area with reasonably easy access to markets, and is encouraging them to expand their agricultural production.

David C. Fulton

Articles in Finance and Development generally deal with the world’s economic problems as they appear to the generals in the operations room, or to senior officers in the field. In this series of articles, an attempt is made to give some glimpses of development as it affects the lives of the private soldiers of development.

Jørgen R. Lotz and Elliott R. Morss

Tax effort is a measure of a country’s own effort to raise taxes. The concept is often used in discussions of development, but it is far from simple. In offering an improved measure of tax effort, the authors provide some explanations of the complexities.

Bimal Jalan

It is well known that aid that is tied to the exports of a particular country is apt to be expensive to the recipient. The economic effects of tied aid on the donor country are less frequently discussed.