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Finance & Development, December 1974
Author:
International Monetary Fund. External Relations Dept.
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Series:
Finance & Development
Volume/Issue:
Volume 11: Issue 004
Language:
English
Publication Date:
01 Dec 1974
DOI:
https://doi.org/10.5089/9781616353193.022
ISBN:
9781616353193
ISSN:
0015-1947
Pages:
52
Keywords:
FD; F&D; country; SDR; value-added tax; rate; ILO study; oil facility; SDR rate; IDA credit; rationality of capitalism; cost-profit rationality; Currencies; Oil; Africa; Global; West Africa; Caribbean; Western Hemisphere; Western Europe
Legal-disclaimer:
Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.
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This paper presents main highlights of the IMF Meetings in 1974. Four dominant themes for the annual discussion were clearly stated by Mr. John N. Turner, Governor of the IMF and Bank for Canada. These were inflation, reduced economic growth rates, payments disequilibria, and the crisis situation in many developing countries. There was broad agreement with the opinion of Mr. Yong Hwan Kim, Governor of the IMF and Bank for Korea, that one of the most serious problems facing the world today is inflation.
Front Matter
The Fund Meeting 1974: There were four dominant themes under discussion: inflation, reduced economic growth rates, payments disequilibria, and the crisis situation in many member countries
The Bank Group Meeting/1974: The dividing line between the Bank and the Fund meetings was thinner than ever, and against this background of joint concern over the world economic situation came the parallel decision of the two Boards of Governors to establish the Joint Development Committee
The Payments impact of the oil crisis: the case of Latin America: Assessing the impact of the oil price increases on 19 importing countries in Latin America and the Caribbean
SDRs: valuation and interest rate: An explanation of the steps used in the new technique of valuation based on the “basket” of currencies
A viable model for rural development: One way to reach the very poorest people in rural areas is to involve them directly in the development process
Innovation in education in Western Africa: A number of original initiatives have been taken which have raised fundamental questions about the very nature of national educational objectives
Some aspects of financial policies in developing countries: The importance of savings and flow-of-funds analysis is stressed
The political economy of manufactured exports from developing countries: Manufactured exports from the LDCs can threaten workers’jobs in industrial countries: the author discusses some ways of avoiding conflict
Value-added tax in developing countries: What are the conditions for successful implementation?
Financial markets in developing countries: Institutional specifics are unique in each country, and financial market developments require careful tailoring
Book notices
Fund Activity: New Committees pave way for expanded Fund activities
Bank Group Activity: Bank loans and IDA credits for 1st FY75 quarter
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Cover Finance & Development
Finance & Development
ISSN:
0015-1947
Publisher:
International Monetary Fund