- International Monetary Fund
- Published Date:
- January 1980
Compensatory Financing Facility
Louis M. Goreux
INTERNATIONAL MONETARY FUND
International Standard Serial Number: ISSN 0538-8759
Reprinted March 1986
Library of Congrats Cataloging in Publication Data
Goreux, Louis M 1927-
Compensatory financing facility.
(Pamphlet series—International Monetary Fund; no. 34)
1. Balance of payments. 2. International Monetary Fund. I. Title. II. Series: International Monetary Fund. Pamphlet series—International Monetary Fund; no. 34.
HG3882.G67 332.1′52 80-19960
The author, a Deputy Director of the African Department of the International Monetary Fund since May 1980, was closely associated with the administration of the compensatory financing facility for the previous five years when he was in charge of the Commodities Division in the Research Department. During that period, 113 drawings were made under the facility which was revised twice, first in December 1975 and later in August 1979.
In preparing this pamphlet, the author has drawn upon his experience with the operation of the facility and he wishes to express his gratitude to others who have contributed, in particular to the staff of the Commodities Division. The opinions expressed in this pamphlet are, however, those of the author only; they should not be construed as representing the views of the Fund.