Organization for Economic Cooperation and Development

Anonymous

International Organization, 1962, vol. 16, issue 3, 659-660

Abstract: At its meeting on December 12, 1961, the Council of the Organization of Economic Cooperation and Development (OECD) agreed to maintain the European Monetary Agreement in force, although with certain modifications. The chief amendment concerned the maximum period for the utilization of credits granted by the European Fund. In addition, OECD could henceforth decide, in exceptional cases, that a credit granted by the European Fund might be repaid in installments spread over no more than two years.

Date: 1962
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