Cover Finance & Development
Finance & Development, June 1988
Author:
International Monetary Fund. External Relations Dept.
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Series:
Finance & Development
Volume/Issue:
Volume 25: Issue 002
Language:
English
Publication Date:
01 Jun 1988
DOI:
https://doi.org/10.5089/9781616353735.022
ISBN:
9781616353735
ISSN:
0015-1947
Pages:
56
Keywords:
FD; F&D; price; commodity; debt; debtor country; bank; welfare implication; C. emery Management Information Systems; government intervention; adjustment program; community management; marketing parastatal; Agricultural commodities; Commodity prices; Debt conversion; Agricultural sector; Global; Africa; Asia and Pacific; Sub-Saharan Africa; West 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 presents the views of Michel Camdessus, Managing Director of the IMF, on how the IMF can face new challenges. Camdessus believes that the key responsibility for resolving debt difficulties lies with the indebted countries themselves. They need to be more resolute in adopting and implementing sound macroeconomic policies and bold structural reforms. Camdessus states that the IMF has available US$12 billion to support adjustment in the low-income countries through the structural adjustment facility and the enhanced structural adjustment facility.
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Cover Finance & Development
Finance & Development
ISSN:
0015-1947
Publisher:
International Monetary Fund
Volume 25: Issue 002