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1979 (2)

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Finance & Development, June 1979.
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ISBN: 1463974485 1463974477 1616353376 Year: 1979 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper highlights that in the first quarter of 1979, the IMF took further steps to enhance its ability to promote orderly world economic growth with reasonable price stability as a means of achieving a stable system of exchange rates. It adopted several measures designed to make the special drawing right the principal reserve asset in the world monetary system. The Interim Committee reaffirmed these aims, expressing broad support for measures that the IMF’s Executive Board has adopted, or is actively considering, in furthering these goals.


Book
Finance & Development, September 1979.
Author:
ISBN: 1463974515 1463974507 1616353384 Year: 1979 Publisher: Washington, D.C. : International Monetary Fund,

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This paper reviews the speech delivered by Mr. Robert S. McNamara, President of the World Bank in Geneva in an address to the Economic and Social Council of the United Nations on July 23, 1979. In McNamara’s opinion, the “massive disparities” of living standards in the world are likely to continue. For his address, Mr. McNamara drew on projections and analyses from the World Development Report, 1979, of the World Bank. Mr. McNamara also emphasized the interdependence of the developed and developing countries.

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