Adjustment and financing in the developing world
Subtitle: the role of the International Monetary Fund
By: edited by Tony Killick.
Contributors: Killick, Tony.; International Monetary Fund.; Overseas Development Institute (London, England)
Publisher: Published by the International Monetary Fund in association with the Overseas Development Institute, London
Published: 1982
Place of publication: Washington, D.C
Language: eng
Number of pages: 232
Subjects: International Monetary Fund -- Congresses; Balance of payments -- Developing countries -- Congresses; Finance -- Developing countries -- Congresses; International finance -- Congresses; Conditionality (International relations)
Description: The accelerated inflation and large payments imbalances that have plagued the world economy in recent years have created new challenges for economic policy. Institutions such as the Internatrional Monetary Fund have found themesleves operating in a global environment markedly different from that for which they were originally designed, and developing countries have found their aspirations threatened by large increases in their payments deficits. There have been wide disagreements about the most suitable policy responses by developing countries to these problems and about the appropriateness of ther stabilization programs favored by the Fund. During the 1970s the growth in international commercial bank lending to some developing countries served a purpose in recycling the surpluses of the members of the Organization of Petroleum Exporting Countries (OPEC)-but at the cost of a growing external debt, and there are signs that debt problems may intensify during the next few years.
Notes: Includes bibliographies.
"Papers of a seminar jointly sponsored by the International Monetary Fund and the Overseas Development Institute, held at Addington Palace, near Croydon, England, October 16-18, 1981"--T.p. verso.
Table of contents: title: Disequilibria, financing, and adjustment in developing countries / Tony Killick and Mary Sutton; title: Economic management and international Monetary Fund conditionality / Manuel Guitián; title: Alternative approaches to short-term economic management in developing countries / Daniel M. Schydlowsky; title: Roles of the Euromarket and the International Monetary Fund in financing developing countries / Richard O'Brien; title: Some issues and questions regarding debt of developing countries / Bahram Nowzad; title: The position and prospects of the International Monetary System in historical context / Brian Tew; title: Developing country interests in proposals for monetary reform / Graham Bird.