Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
September 1972
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CONTENTS

APPENDICES

LIST OF TABLES

LIST OF CHARTS

The following symbols have been used throughout this Report:

  • (…) indicate that data are not available;

  • (—) indicates that the figure is zero or less than half the final digit shown, or that the item does not exist;

  • (–) is used between years or months (e.g., 1968-71 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

  • (/) is used between years (e.g., 1971/72) to indicate a fiscal year.

“Billion” means a thousand million.

Minor discrepancies between constituent figures and totals are due to rounding.

The classification of countries employed in the Report is indicated in Table 1 on page 5.

Table 1.Growth of World Output 1960–71

(Percentage changes in real GNP1)

Annual Average2Change from Preceding Year
1960-701960-651965-7019671968196919701971
Industrial countries
Canada5.25.74.73.54.95.13.35.4
United States4.04.83.12.64.72.6-0.72.7
France5.85.85.85.04.67.75.95.2
Germany, Federal Republic4.85.04.7-0.27.38.05.52.8
Italy5.65.35.96.96.35.84.81.5
United Kingdom2.73.22.11.63.61.91.80.9
Japan11.110.012.213.215.511.910.56.1
Total, seven major countries4.85.24.43.55.94.62.23.2
Other industrial countries 34.75.04.43.84.55.94.83.3
Primary producing countries
More developed areas 46.47.15.65.35.17.25.75.0
Less developed areas 55.55.15.85.16.26.96.66.2
World65.05.34.73.95.85.23.33.8
Source: National economic reports; secretariat of the Organization for Economic Cooperation and Development; secretariat of the United Nations; U. S. Agency for International Development; International Bank for Reconstruction and Development; and Fund staff estimates.

Or GDP.

Compound annual rates of change.

Austria, Belgium, Denmark, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland.

Comprise Australia, Finland, Greece, Iceland, Ireland, Malta, New Zealand, Portugal, South Africa, Spain, Turkey, and Yugoslavia.

Comprise all countries not listed above as “Industrial countries,” or as being in “More developed areas” (footnote 4 above), or as CMEA countries, mainland China, etc. (footnote 6 below).

All countries except the following (not covered in this Report because of absence of data): Members of the Council for Mutual Economic Assistance—Albania, Bulgaria, Cuba, Czechoslovakia, Eastern Germany, Hungary, Mongolia, Poland, Rumania, the Union of Soviet Socialist Republics; mainland China; and North Korea and North Viet-Nam

Source: National economic reports; secretariat of the Organization for Economic Cooperation and Development; secretariat of the United Nations; U. S. Agency for International Development; International Bank for Reconstruction and Development; and Fund staff estimates.

Or GDP.

Compound annual rates of change.

Austria, Belgium, Denmark, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland.

Comprise Australia, Finland, Greece, Iceland, Ireland, Malta, New Zealand, Portugal, South Africa, Spain, Turkey, and Yugoslavia.

Comprise all countries not listed above as “Industrial countries,” or as being in “More developed areas” (footnote 4 above), or as CMEA countries, mainland China, etc. (footnote 6 below).

All countries except the following (not covered in this Report because of absence of data): Members of the Council for Mutual Economic Assistance—Albania, Bulgaria, Cuba, Czechoslovakia, Eastern Germany, Hungary, Mongolia, Poland, Rumania, the Union of Soviet Socialist Republics; mainland China; and North Korea and North Viet-Nam

INTERNATIONAL MONETARY FUND

Pierre-Paul Schweitzer

Managing Director and Chairman of the Executive Board

Frank A. Southard, Jr.

Deputy Managing Director

Executive DirectorsAlternate Executive Directors
William B. DaleCharles R. Harley
Derek MitchellPeter J. Bull
Guenther SchleimingerLore Fuenfgelt
Marc ViénotClaude Beaurain
Hideo SuzukiKoichi Satow
P. S.N. PrasadS. S. Marathe
Francesco Palamenghi-CrispiCarlos Bustelo
Nazih DeifMuhammad Al-Atrash
Robert BryceDonald Owen Mills
Lindsay B. BrandR. van S. Smit
André van CampenhoutHeinrich G. Schneider
Erik BrofossSigurgeir Jónsson
Pieter LieftinckTom de Vries
Luis UguetoGuillermo González
Byanti KharmawanCosta P. Caranicas
Alexandre KafkaBasilio Martins
Maurice P. OmwonyS. B. Nicol-Cole
Placido L. Mapa, Jr.Nguyên Huu Hanh
Carlos Massad A.Ricardo H. Arriazu
Antoine W. YameogoLéon M. Rajaobelina
Senior Officers
The General CounselJoseph Gold
The Economic CounsellorJ. J. Polak
Administration DepartmentPhillip Thorson, Director
African DepartmentMamoudou Touré, Director
Asian DepartmentD. S. Savkar, Director
Central Banking ServiceJ. V. Mládek, Director
European DepartmentL. A. Whittome, Director
Exchange and Trade Relations DepartmentErnest Sturc, Director
Fiscal Affairs DepartmentRichard Goode, Director
IMF InstituteF. A. G. Keesing, Director
Legal DepartmentJoseph Gold, Director
Middle Eastern DepartmentJohn W. Gunter, Acting Director 1
Research DepartmentJ. J. Polak, Director
Secretary’s DepartmentW. Lawrence Hebbard, Secretary
Treasurer’s DepartmentWalter O. Habermeier, Treasurer
Western Hemisphere DepartmentJorge Del Canto, Director
Bureau of Language ServicesJ. S. Haszard, Director
Bureau of StatisticsEarl Hicks, Director
Office in Europe (Paris)Jean-Paul Sallé, Director
Office in GenevaEdgar Jones, Director
Chief EditorRoger V. Anderson
August 7, 1972

Anwar Ali, Director (on leave).

Anwar Ali, Director (on leave).

LETTER OF TRANSMITTAL TO THE BOARD OF GOVERNORS

August 7, 1972

My dear Mr. Chairman:

In accordance with Section 10 of the By-Laws of the International Monetary Fund, I have the honor to present to the Board of Governors the Annual Report of the Executive Directors for the fiscal year ended April 30, 1972.

Yours sincerely,

/s/

Pierre-Paul Schweitzer

Chairman of the Executive Board

Chairman of the Board of Governors

International Monetary Fund

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