The Managing Director’s Proposals of 1966
- International Monetary Fund
- Published Date:
- February 1996
Early in March 1966 the Managing Director circulated to the Executive Board the outlines of two schemes for the creation of reserves through the Fund. These are published as (A) below.
Later in the month, after the Executive Board had discussed the schemes in informal sessions, the Managing Director circulated some further explanations. These Supplementary Notes, as they were called, appear as (B) below.