IMF History (1966-1971) Volume 2

Stabilization of Prices of Primary Products

International Monetary Fund
Published Date:
February 1996
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On September 29, 1967, at the Twenty-Second Annual Meeting, in Rio de Janeiro, and on October 4, 1968, at the Twenty-Third Annual Meeting, in Washington, the Boards of Governors of the Fund and the World Bank adopted parallel resolutions requesting a staff study of the problem of stabilization of prices of primary products and a report on this subject by the Executive Board.

Part I of the study, which was prepared jointly by the staffs of the Fund and the World Bank, was submitted to the two Boards of Governors on September 12, 1968. On June 27, 1969, the Managing Director transmitted to the Fund’s Board of Governors a report of the Fund’s Executive Board, a decision taken by the Board on June 25, 1969, and Part II of the staff study, entitled Scope for Action by the Fund. The report and the study by the Fund staff are published below. The decision (No. 2772-(69/47)) is reproduced on page 201 above.

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