• Short Summary

    The World Bank and the International Monetary Fund, who have been holding their annual meeting in Manila, Philippines, for the past week, had their closing session on Friday (8 October).

  • Description

    The World Bank and the International Monetary Fund, who have been holding their annual meeting in Manila, Philippines, for the past week, had their closing session on Friday (8 October).

    SYNOPSIS: The meeting, which was held under strict security, ended with the consensus that the world was in for a period of financial belt-tightening, with governments trying to cut excessive spending and reducing external debt. The majority of delegates expressed fear of the consequences of another burst of inflation on top of the surge in prices since 1973. The closing session was addressed by both Robert McNamara, World Bank President, and Johannes Witteveen managing Director of the International Monetary Fund.

    Finance Ministers and Central Bank Governors from more than 120 nations attended the week-long meeting.

  • Tags

  • Data

    Film ID:
    VLVA8R5IEMB5Q3ORX930LYW5V10UG
    Media URN:
    VLVA8R5IEMB5Q3ORX930LYW5V10UG
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    08/10/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:29:00
    Time in/Out:
    /
    Canister:
    N/A

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