Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
September 1966
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INDEX

Numbers refer to pages. An asterisk (*) denotes a table, a dagger (†) denotes a chart.

Afghanistan—91; drawings, 126; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126, 127*

African Countries—balance of payments and reserves, 56*; see also individual countries

Agricultural Products—prices, 76-78, 81*, 148*, 149*

Algeria—Fund quota increase, 125*

Alliance for Progress—Fund cooperation with, 133

Antigua—par value, new East Caribbean dollar, 123

Anti-Inflation—see Stabilization Programs

Argentina—balance of payments and reserves, 13*, 57*, 84-85*; drawings, 124, 126*; international trade, 81*; repurchases from Fund, 128*

Articles of Agreement—see Fund Articles of Agreement

Asian Countries—balance of payments and reserves, 56*; see also individual countries

Australia—balance of payments and reserves, 4, 13*, 57*, 59*, 60*, 84-85*, 86, 104-105; capital movements, 105; economic developments, 89-90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 112*, 113; gold subsidy program, 119; international trade, 46, 81*; U.S. direct investments in, 49*; wool prices, 77†, 149*

Austria—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold purchases, 115*; international trade, 46*, 47*

Bahrain—par value, Bahrain dollar, 123

Balance of Payments—3-5, 49-58, 62-75, 83-88, 93-111, 136*, 137*, 140*, 141*, 150*; and liquidity, 9-20; deficits, 3-5, 56, 58, 140*; industrial countries, 3-6, 51-58, 93-104; primary producing countries, 5, 21-22, 83-88, 104-11; surpluses, 11; see also individual countries

Bank Credit—industrial countries, 65-67, 144*; see also individual countries

Bank for International Settlements—Euro-dollar market, 72; Fund cooperation with, 132; gold transactions, 113; reserve creation study, 9

Bankssee Banks, Commercial, Central Banks, Interest Rates, International Bank for Reconstruction and Development, Monetary Policy, and individual countries

Banks, Commercial—central banks, relations with, 29-30; foreign currency operations, 72; functions performed by central banks, 31-32

Barbados—par value, new East Caribbean dollar, 123

Belgium—balance of payments and reserves, 13*, 52*, 57*, 60*; capital markets, 72, 73*; capital movements, 49*; currency purchases by Fund for gold, 34; discount rates, 67†, 147*; fiscal policy, 71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; monetary policy, 70; wages, 64; see also Belgium-Luxembourg

Belgium-Luxembourg—international trade, 46-47, 52*

Board of Governorssee Fund Board of Governors

Bolivia—80; balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*; gold production, 113; repurchases from Fund, 128*; stand-by, 127-28

Bonds, Government—yields, 65-66, 146*

Brazil—balance of payments and reserves, 13*, 56*, 60*, 84-85*, 87; central and commercial banking, separation, 32; coffee prices, 77†, 78, 91, 149*; drawings, 36, 126*; economic developments, 91; Fund quota increase, 125*; GATT consultation, conference with Fund, 132; gold sales to U.S., 115*; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 126*, 127-28; wages, 91

British Guiana—par value, new Guyana dollar; see also Guyana

Burlap—prices, 78

Burma—balance of payments and reserves, 13*, 84-85*, 87

Burundi—drawings, 34, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

Cameroon—Fund quota increase, 124

Canada—balance of payments and reserves, 13*, 51-57, 60*, 95-96, 140*; Bank of Canada, 68; bonds, government, yields, 66†, 146*; capital markets, 72, 73*, 74*; capital movements, 48-49, 96-97; cost of living, 65†, 143*; direct investments, 48; discount rates, 67-68, 147*; economic growth, 13, 62; employment, 3; export prices, 68†, 144*; fiscal policy, 70-71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold production, 112*, 113; gold subsidy program, 119; gross national product, 63*; industrial output, 62†, 141*; interest rates, 66†, 146*; international trade, 43-49, 138-39*; monetary policy, 68; money supply, 66†, 145*; prices, 64, 145*; U.S. direct investments in, 49; U.S. Equalization Tax, 97; wages, 64†, 142*; wheat prices, 77†, 149*

Capital Markets—63, 72-75; control of capital movements, effects of, 5

Capital Movements—controls, 5, 16; industrial countries, 4-5, 93-104; primary producing countries, 5, 86, 104-11; private, 47-50

Central African Republic—Fund quota increase, 124

Central American Monetary Council—Fund cooperation in training, 38

Central Banking Servicesee Fund Organization and Administration

Central Banks—commercial banking by, 31-32; foreign reserves, 31; industrial countries, 64-70; monetary policy instruments, 29-30; primary producing countries, less developed, 28-32; relations with government, 30-31;’ see also individual countries

Ceylon—balance of payments and reserves, 13*, 84-85*; drawings, 126; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 128*; stand-by, 126, 127*; tea prices, 77†, 149*

Chad—Fund quota increase, 124

Chile—balance of payments and reserves, 13*, 84-85*; drawings, 126*; economic conditions, 90; international trade, 81*; repurchases from Fund, 128*; stand-by, 126*, 127-28

China, Mainland—dispute with India, effect on gold demand, 115; gold purchases, 115-18; trade with less developed countries, 44-45; wheat contracts, 78

China, Republic of—balance of payments and reserves, 13*, 84-85*, 87; international trade, 81*

Cocoa—Ghanaian exports, 105-106; prices, 76-78, 149*

Coffee—exporters, 81-82; prices, 76-78, 149*

Colombia—balance of payments and reserves, 13*, 84-85*; drawings, 126*; economic conditions, 90; Fund quota increase, 125*; gold production, 112; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 126, 127*

Compensatory Financingsee Fund Transactions

Congo (Brazzaville)—Fund quota increase, 124

Congo, Democratic Republic of—Fund assistance, 37; Fund quota increase, 124; gold production, 112*

Copper—Peruvian shipments, 109; prices, 77†, 78, 149*

Cost of Living—selected countries, 65†, 143*

Costa Rica—balance of payments and reserves, 13*, 84-85*, 87; drawings, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

Cotton—long-staple, prices, 76-78, 149*; long-staple, trade, 82; Peruvian shipments, 109

Credit and Credit Controlsee Bank Creditand Monetary Policy

Credit Tranchesee Fund Transactions: Drawings

Cuba—currency held by Fund, 166

Currency Purchasessee Fund Transactions

Cyprus—drawing for quota increase, 124, 126*; Fund quota increase, 125*

Dahomey—Fund quota increase, 124

Dairy Products—prices, 76-77

Debt Management—industrial countries, 67-70; less developed countries, 22

Denmark—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund quota increase, 125*; international trade, 46*, 47*

Developed Countries—13*, 15†, 136*; see also Industrial Countries, Primary Producing Countries, More Developed, and individual countries

Developing Countriessee Primary Producing Countries, Less Developed, and individual countries

Discount Rates—industrial countries, 67-70; primary producing countries, 29-30

Dominica—par value, new East Caribbean dollar, 123

Dominican Republic—balance of payments and reserves, 13*, 84-85*, 87; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; stand-by, 127*

Drawingssee Fund Transactionsand individual countries

Ecuador—balance of payments and reserves, 13*, 84-85*; drawings, 126*; Fund assistance in monetary reform, request for, 28; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

Edible Oils—prices, 76, 77†, 149*

El Salvador—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 125*; Fund quota increase, 125*; standby, 126, 127*

Employment—10-11; industrial countries, 3-4

Ethiopia—balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*

Euro-Issues—72-75; Euro-dollars, 49-50, 60, 72; Euro-marks, 74

European Economic Community—balance of payments and reserves, 51-56, 59*, 60*, 140*; capital markets, 73*; cost of living, 65†, 143*; credit, private sector, 65†, 144*; economic conditions, 63; export prices, 65*, 144*; industrial production, 62†, 141*; international trade, 41-46, 138-39*; money supply, 66†, 145*; prices, 64†, 143*; wages, 64†, 142*; see also individual countries

European Free Trade Association—balance of payments and reserves, 53-56; international trade, 43-47, 138-39*

European Fund—gold transactions, 113

Exchange Rates—primary producing countries, less developed, 24-25; industrial countries, 65-67

Executive Directorssee Fund Executive Board

Export Earnings—5, 41-47; see also World Tradeand individual countries

Finland—balance of payments and reserves, 4, 13*, 57*, 84-85*; employment, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 81*; securities issues, 75, 86

Fiscal Policy—industrial countries, 70-72; primary producing countries, less developed, 23-24; see also individual countries

Fish and Fishmeal—Peruvian shipments, 109-10

Foreign ExchangeseeExport Earnings, Reserves, Gold and Foreign Exchange,and individual countries

France—balance of payments and reserves, 4, 13*, 15†, 52*, 54†, 57*, 60*, 100-101, 136*, 140*; capital markets, 72*, 73; capital movements, 48, 49, 102; discount rates, 67†, 67*, 68-69, 147*; economic conditions, 63; employment, 3; fiscal policy, 71*; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*, 117; interest rates, 68*, 146*; international trade, 46-47, 54†, 140*; monetary policy, 68-69; wages, 64†, 142*

Fund Articles of Agreement—Articles III, Section 2, Quinquennial Review of Quotas, 34; V, Section 4, waiver, 124; V, Section 7(b), repurchase postponement, 36; V, Section 8(f), payment of Fund charges, 130; VII, Section 2(ii), gold sales, 34; VIII, acceptance, 123, 124*; VIII, Sections 2, 3, and 4, consultations, 131; XIV, Section 2, consultations, 131; signature, 33

Fund Assistance to Memberssee Fund Services to Members

Fund Board of Governors—quota increase, 6; Resolutions 20-6 and 20-7, 33, 123

Fund Consultations With Memberssee Fund Services to Members

Fund Cooperation With Other International Organizations—37, 131-33; see also individual organizations

Fund Currency Holdingssee Fund Resources

Fund Executive Board—33; Executive Directors, list and voting power, 155-57; international liquidity discussions, 9-10, 20; membership changes, 158-60

Fund Executive Board Decisions—102—(52/11), currencies for use in repurchase, 36; 1034-(60/27), consultations, 13; 1289-(62/l), General Arrangements to Borrow, renewed, 34-35; 1371-(62/36), currencies for drawing and repurchase, 37; 1477-(63/8), compensatory financing, 124; fourth quota review completed, 34; postponement of repurchase, 36

Fund Financial Statements—161-72

Fund Gold Holdingssee Fund Resources

Fund Managing Director—addresses, etc., 132; consulted in currency purchases by Fund members, 18-19; reserve creation proposals, 9, 18-20

Fund Members—33

Fund Organization and Administration—Audit Committee, 134, 164-65; budget and expenditure, 133-34, 162-63, 168; Central Banking Service, 28, 37; Fiscal Affairs Department, 37; IMF Institute, 37-38; publications, 138; staff, 133; staff retirement fund, 172; see also Fund Board of Governors, Fund Executive Board, and Fund Managing Director

Fund Quotas—33; increases, 6, 33-34, 124, 125*; increases under compensatory financing, 124

Fund Resources—General Arrangements to Borrow, 6, 34-35, 128; gold and currency holdings, 36, 113-15; quotas after increases, 6, 33-34; under reserve creation plans, 18-20; U.S. securities, investment, 133-34, 166-67

Fund Services to Members—consultations, 7, 131; technical assistance, 37-38; training program, 38; see also Fund Organization and Administration: Central Banking Service, Fiscal Affairs Department

Fund Transactions—6-7, 35-37, 123-31; charges to members, 130-31; compensatory financing, 7-8, 34, 36, 123-24; currencies used by Fund, 36-37; currency purchases by Fund, 35-36; drawings, 6-7, 16, 35-36, 126*, 130*, 131*; drawings, gold tranche, 34, 124; General Arrangements to Borrow, 6, 34-35, 128; gold deposits by Fund, 34; gold transactions, 34, 113*, 115; gold transactions service, 119; repurchases by members, 36-37, 128, 130*; stand-bys, 7, 35-36, 106-108, 124-28, 129†, 151*

Gabon—Fund quota increase, 124

General Agreement on Tariffs and Trade—Fund cooperation with, 132

General Arrangements to Borrow—see Fund Transactions

Germany, Federal Republic of—balance of payments and reserves, 4, 13*, 15†, 51-57, 60*, 99-100, 136*, 140*; bonds, government, yields, 66†, 146*; Bundesbank, 50, 69, 128*; capital markets, 72, 73*, 74; capital movements, 48-49, 100; currency purchases by Fund for gold, 34; discount rates, 67†, 67*, 69, 147*; economic growth, 3, 63; fiscal policy, 71; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation (Deutsche Bundesbank), 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; indemnity payments, 100; interest rates, 66, 68†, 146*, 148*; international trade, 41-47, 138-39*; monetary policy, 69; wages, 64, 142*

Ghana—balance of payments and reserves, 13*, 84-85*, 87, 105-107; cocoa prices 76-78, 149*; drawing for quota increase, 124; drawings, 126*; economic developments, 90; Fund quota increase, 125*; gold production, 112*, 113; par value change for new cedi, 123; repurchases from Fund, 128*; stand-by, 106

Gold—absorption by private holders, industry, and arts, 113*, 115; hoarding, 118; holdings, 60, 113-15; markets, 115-18; national policy changes, 118-19; prices, 115-18, 151*; production, 112-13; subsidy programs, 119; see also Fund Transactions

Gold Pool—115, 117-18

Government Bonds—yields, 65-66, 146*

Greece—balance of payments and reserves, 4, 13*, 57*, 84-85*; economic developments, 90; Fund quota increase, 125*; gold policy changes, 118-19; international trade, 81*

Gross National Product—proportion to aid and capital outflow, 5; selected countries, 63*

Group of Ten—balance of payments and reserves, 13*, 59*; General Arrangements to Borrow, renewed, 34-35; reserve creation study, 9; see also Fund Transactions: General Arrangements to Borrow

Guatemala—balance of payments and reserves, 13*, 84-85*; drawings, gold tranche, 124, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; standby, 126, 127*

Guinea—Fund quota increase, 124

Guyana—application for Fund membership, 33

Haiti—balance of payments and reserves, 84-85*; drawing for quota increase, 124, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchase from Fund, 128*; stand-by, 126*, 127-28

Honduras—balance of payments and reserves, 13*, 84-85*; drawings, 126*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

Iceland—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86; economic developments, 89; Fund quota increase, 125*

Incomes Policy—developing countries, 25, 27; see also individual countries

India—balance of payments and reserves, 13*, 60*, 84-85*, 87, 107-108; disputes with Mainland China and Pakistan, effect on gold demand, 115-17; drawings for quota increase, 124, 126*, 127*; economic developments, 90-91; food shortage problems, 78, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; gold policy changes, 119; gold production, 113; international trade, 81*; National Defence Gold Bonds, 118-19; repurchases from Fund, 128*; stand-by, 127*

Indonesia—currency held by Fund, 166; gold production, nationalization, 119; withdrawal from Fund, 33

Industrial Countries—aid to other countries, 5; balance of payments and reserves, 4-5, 15†, 51-61, 136*, 140*, 141*; bank credit, private sector, 65†, 148*; capital markets, 71-75; capital movements, 4-6, 47-50; economic conditions, 3-4; employment, 3; financial developments, 62-75; international trade, 41-47, 138-40*; money supply, 66†, 145*; prices, 4; stand-bys, 129†, 151*

Industrial Production—62†, 141*

Inflation—industrial countries, 62; relation to reserves, 12; see also Price Stabilityand Stabilization Programs

Inter-American Development Bank—132

Interest Rates—control of capital movements, effect of, 5; credit control, effect on, 23; industrial countries, 65-67, 146*

International Bank for Reconstruction and Development (World Bank)—cooperation with, 37; primary producing countries, debt management analysis, 7

International Coffee Agreement—prices, 78

International Liquidity—9-20

International Monetary Fundsee Fund

International Organizations—Fund cooperation with, 38, 131-33

International Reservessee Reserves, Gold and Foreign Exchange

International Tradesee World Tradeand individual countries

Iran—balance of payments and reserves, 13*, 84-85*, 87; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 128*

Iraq—balance of payments and reserves, 13*, 84-85*; Fund quota increase, 125*

Ireland—balance of payments and reserves, 4, 13*, 56*, 60*, 84-85*; drawing, 35, 126*; economic developments, 90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*

Israel—balance of payments and reserves, 13*, 60*, 84-85*; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; German indemnity payment, 100

Italy—balance of payments and reserves, 13*, 15†, 48*, 51, 52*, 54†, 57*, 60*, 102-103, 136*, 140*; bonds, government, yield, 66†, 146*; capital markets, 72*, 73*; capital movements, 4, 6, 49*, 50, 102-103; economic developments, 3, 63; fiscal policy, 71-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold transactions with U.S., 115*; gross domestic product, 63*; interest rates, 66; international trade, 43†, 44†, 46*, 47*, 138-39*; monetary policy, 69; wages, 64†, 142*

Ivory Coast—balance of payments and reserves, 84-85*, 87-88; economic developments, 91; Fund quota increase, 125*

Jamaica—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*

Japan—balance of payments and reserves, 13*, 48-49, 50-56, 57*, 60*, 103-104, 140*; bank credit, 65†, 66, 144*; capital markets, 72*, 73*, 74*; capital movements, 4, 48*, 50, 104; cost of living, 65†, 143*; discount rates, 67*, 67†, 70, 72, 147*; economic growth, 3, 63; export prices, 65†, 144*; fiscal policy, 71-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 124*; General Arrangements to Borrow, renewed, 34-35; gold production, 112; industrial production, 62†, 141*; interest rates, 66; international trade, 43-47, 138-39*; monetary policy, 70; money supply, 66†, 145*; prices, wholesale, 64†, 143*; U.S. direct investment in, 49*; wages, 64†, 142*

Jordan—balance of payments and reserves, 13*, 84-85*; economic developments, 91; Fund quota increase, 125*; repurchases from Fund, 128*

Jute—prices, 78

Kenya—Fund quota increase, 125*

Korea—balance of payments and reserves, 13*, 84-85*, 108; economic developments, 90-91; Fund quota increase, 125*; stand-by, 127-28

Kuwait—balance of payments and reserves, 13*; Fund Article VIII, acceptance, 124*; international trade, 81*

Latin American Center for Monetary Studies—Fund cooperation with, 132

Latin American Countries—balance of payments and reserves, 56*, 57*, 60*, 88†, 150*; international trade, 80-82; see also individual countries

Lead—prices, 77†, 78-79, 149*

Lebanon—balance of payments and reserves, 13*

Liberia—drawings, 126*; Fund quota increase, 125*; stand-by, 126*, 127-28

Libya—balance of payments and reserves, 13*, 84-85*; economic developments, 88, 90; Fund quota increase, 125*

Liquiditysee International Liquidity

Luxembourg—capital markets, 73*; Fund Article VIII, acceptance, 124*; see also Belgium-Luxembourg

Malagasy Republic—Fund quota increase, 125*

Malaysia—balance of payments and reserves, 13*, 84-85*, 87; Fund quota increase, 124, 125*; international trade, 81*, 82; repurchases from Fund, 128*; rubber and tin prices, 77†, 149*

Mali—drawings, 126*; economic developments, 90; Fund quota increase, 125*; stand-by, 127*

Manufacturing Countriessee Industrial Countries

Mauritania—Fund quota increase, 125*

Metalssee Minerals and Metals

Mexico—balance of payments and reserves, 13*, 57*, 60*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 112*, 113; international trade, 81*

Middle Eastern Countries—balance of payments and reserves, 56*, 57*; see also individual countries

Minerals and Metals—Australian imports, 104; exporters, 81*; international trade, 79; prices, 76, 77†, 78-79, 148*, 149*

Monetary Policy—credit control, 26-28; demand control, 22-23; exchange rates, 24-25; implementation, 26-27; incomes, 25; industrial countries, 62-75; prices, 25; primary producing countries, 21-32; state enterprises, 23-24; see also Central Banksand individual countries

Money Markets—industrial countries, 72-75

Montserrat—par value, new East Caribbean dollar, 123

Morocco—balance of payments and reserves, 13*, 84-85*, 87; economic developments, 90; Fund quota increase, 125*; international trade, 81*; repurchases from Fund, 125*; stand-by, 126, 127*

Nepal—Fund quota increase, 125*

Netherlands—balance of payments and reserves, 13*, 52*, 57*, 60*; bonds, government, yields, 66†, 146*; capital markets, 72-75; capital movements, 48*; discount rates, 67*, 67†, 147*; Fund Article VIII, acceptance, 124*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold purchases, 115*; interest rates, 66†, 146*; international trade, 46, 47*; wages, 64

New Zealand—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86; drawings, 35, 126*; economic developments, 89-90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 46, 81*; U.S. direct investment in, 49*

Nicaragua—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; gold production, 113; repurchases from Fund, 128*

Nigeria—balance of payments and reserves, 13*, 84-85*, 88; Fund quota increase, 124; international trade, 81*, 82

Norway—balance of payments and reserves, 13*, 53*, 57*, 60*; Fund quota increase, 124; international trade, 46*, 47*

Oilsee Edible Oilsand Petroleum

Organization for Economic Cooperation and Development—Fund cooperation with, 16, 37, 132; reserve creation study, 9, 18

Pakistan—balance of payments and reserves, 13*, 84-85*, 87; dispute with India, effect on gold demand, 115; drawings, 34, 126*; Fund quota increase, 125*; international trade, 81*, 82; stand-by, 127*

Panama—balance of payments and reserves, 13*, 84-85*; Fund Article VIII, acceptance, 124*; stand-by, 36, 126, 127*

Par Valuessee Fund Membersand individual countries

Paraguay—balance of payments and reserves, 84-85*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 127*

Peru—balance of payments and reserves, 13*, 84-85*, 108-109; capital movements, 109; economic developments, 90; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*, 87; stand-by, 127*

Petroleum—exporters, 13*, 15†, 81*, 136*; exports, 80; prices, 76, 80; renegotiation- of contracts, 86, 87

Philippines—balance of payments and reserves, 13*, 84-85*; economic developments, 87; gold production, 112*, 113; gold subsidy program, 119; international trade, 81*; par value change, 123; repurchases from Fund, 128*; stand-by, 127-28

Portugal—balance of payments and reserves, 13*, 14, 57*, 60*, 84-85*; economic developments, 89-90; Fund quota increase, 125*

Price Stability—developing countries, 25-26

Prices—cost of living, 65 †, 143*; developing countries, 25-26; export, 65†, 144*; gold, 115-17, 151*; industrial countries, 3, 63-64; primary products, 3, 76-79, 148*, 149*; wholesale, 64†, 143*; see also Monetary Policy

Primary Producing Countries, Less Developed—aid from industrial countries, 5; balance of payments and reserves, 4-5, 7, 13-16, 21-22, 51-61, 83-92, 136*, 140*, 141*, 151*; capital movements, 5, 23, 47-50; central banks, 28-32; credit and demand control, 23-24; debt management, 7, 22, 37; drawings and stand-bys, 7, 22, 129†, 151*; economic growth and problems, 3, 7, 90-92; exchange rates, 24, 25; export earnings and prices, 7, 76†, 148*; fiscal policy, 23-24; Fund assistance, 27; incomes policy, 25-26; international trade, 3, 41-47, 79-82, 137*; price control, 25; stabilization problems, 21-23; state-controlled enterprises, 23-25; taxes, 23; wage policy, 25-26; see also individual countries.

Primary Producing Countries, More Developed—balance of payments and reserves, 4, 7, 15†, 51-61, 77†, 83-86, 136*, 140*, 141*, 150*; capital movements, 5; defined, 4; drawings and stand-bys, 7, 129†, 151*; economic developments, 79-82, 89-90; economic problems, 7; export earnings and prices, 7, 76†, 148*; international trade, 41-47, 79-82, 137*; see also individual countries

Primary Products—prices, 3, 76-79, 148*, 149*; world trade, 79-92; see also Prices, Primary Producing Countries, and individual countries and products

Quotas of Fund Memberssee Fund Quotas

Rediscount Policy—credit control, 20

Reserve Centers—balance of payments deficits, 4-6; control of capital movements, effect of, 6

Reserve Creation—9-20

Reserve Currencies—6

Reserves, Gold and Foreign Exchange—5; central bank, 31; creation, 9-20; gold, 114†, 150*; industrial countries, 93-104; primary producing countries, 104-11; world, 5-6, 11-16, 53*, 84-85*, 113-15

Rhodesia—balance of payments and reserves, 84-85*; gold production, 112*, 113; gold subsidy program, 119

Rice—prices, 76; world trade, 79

Rubber—prices, 77†, 149*; world trade, 82

Rwanda—drawings, 126*; Fund quota increase, 125*; initial par value established, 123*; stand-by, 36, 126-27

St. Christopher-Nevis-Anguilla—par value, new East Caribbean dollar, 123

St. Lucia—par value, new East Caribbean dollar, 123

St. Vincent—par value, new East Caribbean dollar, 123

Saudi Arabia—balance of payments and reserves, 13*, 60*, 84-85*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; international trade, 81*

Securities Marketssee Capital Markets

Sierra Leone—balance of payments and reserves, 84-85*; Fund quota increase, 125*; initial par value established, 123*

Singapore—international trade, 81*

Sisal—prices, 77†, 78, 149*

Somalia—balance of payments and reserves, 84-85*; drawings, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

South Africa—balance of payments and reserves, 4, 13*, 57*, 60*, 84-85*, 86; economic developments, 89-90; Fund quota increase, 125*; gold production, 112; gold sales, 117; international trade, 46, 81*; U.S. direct investment in, 49*

South Arabia, Federation of—par value change for Arabian dinar, 123

Soviet Countries—imports, 45*; trade with less developed countries, 44-45; wheat contracts, 78

Spain—balance of payments and reserves, 4, 13*, 57*, 60*, 84-85*, 86, 110-11; capital movements, 110; economic developments, 90; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; gold purchases, 115; international trade, 81*

Stabilization Programs—developing countries, 21-27

Stand-By Arrangementssee Fund Transactionsand individual countries

State-Owned Enterprises—less developed countries, 23, 25

Sudan—balance of payments and reserves, 13*, 84-85*; cotton prices, 77†, 149*; drawings, 36, 126*; economic developments, 91; Fund quota increase, 125*; repurchases from Fund, 128*

Sugar—Peru, exports, 108; prices, 76-78, 149*; world trade, 79

Swap Arrangements, Bilateral—relation to reserves, 16

Sweden—balance of payments and reserves, 13*, 53*, 57*, 60*; capital movements, 72*; discount rates, 67, 70, 147*; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation (Sveriges Riksbank), 128*; General Arrangements to Borrow, renewed, 34-35; international trade, 46, 47*; monetary policy, 70

Switzerland—balance of payments and reserves, 13*, 14, 53*, 57*, 60*; bonds, government, yields, 66†, 146*; capital markets, 73*; capital movements, 48*; currency loan to United Kingdom, 35; discount rates, 67†, 147*; fiscal policy, 71; gold purchases, 115, 117-18; interest rates, 66†, 146*; international trade, 46*, 47*

Syrian Arab Republic—balance of payments and reserves, 13*, 84-85*; drawing for quota increase, 124, 126*; Fund quota increase, 125*; repurchases from Fund, 128*

Tanzania—Fund quota increase, 124

Taxes—developing countries, 23-24

Tea—prices, 76, 77†, 149*

Technical Assistance and Cooperationsee Fund Organization and Administration: Central Banking Service and Fund Services to Members

Terms of Trade—80

Thailand—balance of payments and reserves, 13*, 84-85*, 87; economic developments, 90; Fund quota increase, 125*; international trade, 81*; rice prices, 77†, 149*

Tin—prices, 77†, 79, 149*

Tourism—Germany, 100; Mediterranean countries, 86; Spain, 110

Trinidad and Tobago—Fund quota increase, 125*

Tunisia—balance of payments and reserves, 13*, 84-85*, 87; drawings, 126*; Fund quota increase, 125*; repurchases from Fund, 128*; stand-by, 126*, 127-28

Turkey—balance of payments and reserves, 4, 13*, 86; gold purchases, 115*; international trade, 81*; repurchases from Fund, 128*; standby, 36, 127-28

Uganda—coffee prices, 77†, 149*; Fund quota increase, 125*

Union of Soviet Socialist Republics—gold production, 113; gold sales, 113*, 114†, 117, 151*; see also Soviet Countries

United Arab Republic—balance of payments and reserves, 13*, 84-85*, 87; drawings, 36, 124, 126*; economic developments, 90-91; Fund quota increase, 125*; GATT consultation, Fund conference on, 132; international trade, 81*, 82; repurchases from Fund, 128*; stand-by, 127*

United Kingdom—balance of payments and reserves, 4-6, 12*, 14, 15†, 42*, 43*, 51-53, 54†, 97-99, 136*, 140*; bank credit, 65, 144*; Bank of England, credit control, 68; Bank of England, Gold Pool operation, 116-17; bonds, government, yields, 65-66, 146*; capital markets, 72-74; capital movements and control, 5, 47-50, 97-99; cost of living, 65†, 143*; discount rates, 65-67, 147*; drawings, 6-7, 35, 97-98, 126*; economic growth, 3; employment, 63; Exchange Equalization Account, 48, 93; export prices, 65†, 144*; fiscal policy, 71; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold coins, restrictions, 119; gold prices, 116-17, 151*; gold transactions, 116-17; gross domestic product, 63*; industrial production, 62†, 141*; interest rates, 65-67, 68†, 146*, 148*; international trade, 42-46, 47*, 138-39*; monetary policy, 68; money supply, 66†, 145*; par value change for new monetary units, nonmetropolitan territories, 123; prices, 64-65; standby, 127*, 129†, 151*; Switzerland, currency loan from, 35; wages, 64, 142*

United Nations—Conference on Trade and Development, 8, 16-17; other affiliated organizations, cooperation with, 132-33

United States—balance of payments and reserves, 4-6, 12-16, 51-61, 93-95, 136*, 140*; bank credit, 64-66; bonds, government, yields, 65-66, 146*; capital markets, 71-75; capital movements and control, 4-5, 47-51, 93-95; cost of living, 65†, 143*; debt management, 67-68; direct investment, 47-50, 95; discount rates, 67, 147*; dockworkers’ strike, effect on economy, 43, 93; dollar sales, 5; drawings, gold tranche, 7, 35, 126*; economic growth, 3-4, 62-63; employment, 3-4, 63; fiscal policy, 70-72; Fund Article VIII, acceptance, 124*; Fund quota increase, 125*; General Arrangements to Borrow, participation, 128*; General Arrangements to Borrow, renewed, 34-35; gold holdings under earmark, 115; gold production, 112; gold transactions, 5, 115; gross national product, 63*; industrial production, 62†, 141*; Interest Equalization Tax, 73, 97; interest rates, 65-66, 68†, 148*; international trade, 41-47, 138-39*; monetary policy, 67-68; money supply, 66†, 145*; prices, 64-66; stand-by, 126*, 127*, 129†, 151*; Viet-Nam conflict, effects, 3, 6; wages, 63-64, 142*

Upper Volta—Fund quota increase, 124

Uruguay—balance of payments and reserves, 13*, 84-85*; economic conditions, 87; GATT consultation, Fund conference on, 132; repurchases from Fund, 128*

Venezuela—balance of payments and reserves, 13*, 57*, 60*, 84-85*; economic conditions, 86; Fund quota increase, 125*; international trade, 81*

Viet-Nam—balance of payments and reserves, 13*, 84-85*, 87; conflict in, effects, 3, 6, 115-16; Fund quota increase, 125*

Wage Policy—developing countries, 25

Wages—cost per manufactured unit, 64†, 142*; industrial countries, 63-64; rates, 64†, 142*

Wheat—Australian exports, 105*; Canadian shipments, 96; prices, 76-78, 149*

Wholesale Prices—selected countries, 64†, 143*

Wool—Australian exports, 104-105; prices, 76-78, 149*

World Banksee International Bank for Reconstruction and Development

World Reservessee Reserves, Gold and Foreign Exchange

World Trade—41-46, 137*; export prices, 65†, 144*; growth, 41-45*; industrial countries, 43†, 44†, 138-39*; primary producing countries, 79-82

Yugoslavia—balance of payments and reserves, 4, 13*, 57*, 84-85*, 86-87; drawings, 34, 124, 126*; GATT consultation, Fund conference on, 132; international trade, 81*; repurchases from Fund, 128*; stand-by, 127

Zambia—balance of payments and reserves, 84-85*, 87; initial par value established, 123*; international trade, 81*

Zinc—prices, 77†, 79, 149*

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