Cover Finance & Development
Finance & Development, March 1978
Author: International Monetary Fund. External Relations Dept.
Series:
Finance & Development
Volume/Issue:
Volume 15: Issue 001
Language:
English
Publication Date:
01 Mar 1978
DOI:
https://doi.org/10.5089/9781616353322.022
ISBN:
9781616353322
ISSN:
0015-1947
Pages:
48
Keywords:
FD; F&D; country; developing country; way Europe; fund; trade; commission independent; IDA credit; balance of payments statement; bank activity; Gold; Gold prices; Trade negotiation; Trade barriers; Global; Caribbean; Western Europe; North America; Africa
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 highlights that 1977 was an eventful year for the IMF. Drawing on the IMF’s resources during 1977 totaled more than SDR 3.4 billion. These were accompanied by a record volume of repurchases, which reduced the total net drawings for the year to SDR 427 million. At the end of 1977, total net drawings on the IMF since its inception were equivalent to about SDR 15.5 billion. In 1977, the IMF also carried out its gold sales to members at SDR 35 per ounce under the IMF’s “restitution” program.
Cover Finance & Development
Finance & Development
ISSN:
0015-1947
Publisher:
International Monetary Fund