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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

The Annual Report of the Executive Directors of the International Monetary Fund for the fiscal year ended April 30, 1958, was transmitted to the Chairman of the Board of Governors on July 25, 1958. In its discussion of the economic climate of 1957–1958, the report noted that at the beginning of 1957, the world economy was still dominated by boom conditions generated by an intense world-wide wave of private and public investment which was reflected in a large demand for capital. Most of the payments problems that called for treatment during the first three-quarters of the year had their origin in the inflationary methods which were often used to satisfy this demand, and there was a dearth of loanable funds and a growing tension in the money markets. The financial problems that presented themselves in this situation were greatly intensified early in 1957 by the temporary effects of the tensions that arose in connection with the Suez events and, later in the year, by speculative movements against certain European currencies.

Type
International Organizations: Summary of Activities II. Specialized Agencies
Information
International Organization , Volume 13 , Issue 2 , Spring 1959 , pp. 316 - 320
Copyright
Copyright © The IO Foundation 1996

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References

1 International Monetary Fund, Annual Report of the Executive Directors for the Fiscal Year Ended April 30, 1958, Washington, D. C., 1958Google Scholar. For a summary of the preceding annual report, see International Organization, Autumn 1957(Vol. 11, No. 4), p. 683–684.CrossRefGoogle Scholar

2 Following the merger of Egypt and Syria into a single state, the United Arab Republic became a single member of the Fund; the membership of the Fund was therefore 66. In September 1958, Spain and Libya became members, bringing total membership to 68.Google Scholar

3 International Monetary Fund, Summary Proceedings of the Thirteenth Annual Meeting of the Board of Governors, October 1958, Washington, D. C., 1958Google Scholar. For a summary of the previous meeting, see International Organization, Spring 1958 (Vol. 12, No. 2), p. 223.CrossRefGoogle Scholar

4 International Monetary Fund, Enlargement of Fund Resources through Increases in Quotas, A Report by the Executive Directors to the Board of Governors, Washington, D. C., December 1958Google Scholar. See also, International Monetary Fund, Press Release No. 298, February 2, 1959.Google Scholar

5 International Financial News Survey (hereafter referred to as IFNS), November 7, 1958 (Vol. II, No. 19), p. 156Google Scholar; December 5, 1958 (Vol. II, No. 23), p. 188Google Scholar; January 9, 1959 (Vol. 11, No. 26), p. 212Google Scholar, March 6, 1959 (Vol. II, No. 34), p. 276.Google Scholar

6 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188.

7 Ibid., March 6, 1959 (Vol. II, No. 34), p. 276.

8 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188.

9 Ibid., February 6, 1959 (Vol. II, No. 30), p. 244; March 6, 1959 (Vol. II, No. 34), p. 276.

10 International Monetary Fund (hereafter referred to as IMF), Press Release No. 299, February 27, 1959.Google Scholar

11 IFNS, March 6, 1959 (Vol. II, No. 34), p. 276.Google Scholar

12 Ibid.

13 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188; January 9, 1959 (Vol. II, No. 26), p. 212; February 6, 1959 (Vol. II, No. 30), p. 244.

14 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188.

15 Ibid.

16 Ibid., March 6, 1959 (Vol. II, No. 34), p. 276.

17 Ibid., January 9, 1959 (Vol. II, No. 26), p. 212.

18 IMF, Press Release No. 297, January 29, 1959.Google Scholar

19 Ibid., Press Release No. 300, March 5, 1959.

20 IFNS, December 5, 1958 (Vol. II, No. 23), p. 188.Google Scholar

21 Ibid., March 6, 1959 (Vol. II, No. 34), p. 276.

22 Ibid., February 6, 1959 (Vol. II, No. 30), p. 244.

23 Ibid., March 6, 1959 (Vol. II, No. 34), p. 276.

24 Ibid.

25 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188; February 6, 1959 (Vol. II, No. 30), p. 244.

26 Ibid., December 5, 1958 (Vol. II, No. 23), p. 188.

27 Ibid.

28 Ibid., February 6, 1959 (Vol. II, No. 30), p. 244.

29 Ibid., March 6, 1959 (Vol. II, No. 34), p. 276.

30 IMF, Press Release No. 290, November 5, 1958.Google Scholar

31 Ibid., Press Release No. 295, December 27, 1958.