• Short Summary

    THE MOOD OF THIS YEAR'S CONFERENCE OF THE INTERNATIONAL MONETARY FUND AND WORLD BANK IS REPORTED TODAY TO BE MORE RELAXED THANKS TO SEVERAL FACTORS.

  • Description

    THE MOOD OF THIS YEAR'S CONFERENCE OF THE INTERNATIONAL MONETARY FUND AND WORLD BANK IS REPORTED TODAY TO BE MORE RELAXED THANKS TO SEVERAL FACTORS.

    A FORMULA FOR RECONCILING THE GROUP OF 10 INDUSTRIALISED NATIONS WITH 93 OTHER MEMBERS OF THE INTERNATIONAL MONETARY FUND WAS EXPECTED TO ACCORD WITH A SPEECH BY THE FUND'S MANAGING DIRECTOR, M.PIERRE-PAUL SCHWEITZER.

    HE SAID THE FORMULA WAS "TO SEEK WAYS BY WHICH THE EFFORTS OF EXECUTIVE DIRECTORS (OF THE FUND) AND THOSE OF THE DEPUTIES OF THE GROUP OF 10 CAN BE DIRECTED TOWARDS A CONSENSUS AS TO DESIRABLE LINES OF ACTION."
    THE GROUP DOES NOT WANT TO BE REGARDED AS A CLOSED SHOP, GANGING UP AGAINST ALL THE OTHER COUNTRIES, MANY OF WHICH ARE COMMERCIALLY IMPORTANT AND HAVE GOOD MONETARY RECORDS.

    WORLD BANK PRESIDENT, MR.GEORGE WOODS, WELCOMED BRITAIN'S DECISION TO MAKE LONG-TERM LOANS TO SELECTED DEVELOPING COUNTRIES FREE OF INTEREST.

    THREE RECENT SUCCESSFUL FINANCIAL MOVES WHICH HAVE ENABLED THE CONFERENCE TO DEBATE LONG-TERM FORMULAE INSTEAD OF EMERGENCIES OR CRISES ARE:
    THE TEN-NATION ARRANGEMENT TO BACK THE POUND STERLING, LEADING TO THE EXPECTANCY OF GOOD FIGURES FOR BRITAIN'S GOLD AND CURRENCY RESERVES, AS WELL AS FOR THE STERLING EXCHANGE RATE - TO BE PUBLISHED ON OCTOBER 4.

    UNEXPECTED GOOD RESULTS OF THE VOLUNTARY RESTRAINT ON AMERICAN BANK LEADING ABROAD.

    THE GREAT CONFIDENCE OF THE AMERICAN BUSINESS COMMUNITY.

  • Tags

  • Data

    Film ID:
    VLVA1L9XOLAGRO2L9D5LAK0ZEB2QS
    Media URN:
    VLVA1L9XOLAGRO2L9D5LAK0ZEB2QS
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    28/09/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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