The Joint Statement of Principles

Armand Dormael

Chapter 13 in Bretton Woods, 1978, pp 135-138 from Palgrave Macmillan

Abstract: Abstract After this introduction the Statement spelled out the purposes and policies of the Fund: to promote international monetary co-operation; to facilitate the expansion and balanced growth of international trade, thus contributing to the maintenance of a high level of employment and income; to make the Fund’s resources available to member countries, thus giving them time to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity; to promote exchange stability; to assist in the establishment of multilateral payments facilities on current transactions and in the elimination of foreign-exchange restrictions hampering the growth of world trade; and to shorten the periods and lessen the degree of disequilibrium in the international balance of payments of member countries.

Keywords: Member Country; Joint Statement; International Investment; Explanatory Note; Woods Member (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03628-8_14

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DOI: 10.1007/978-1-349-03628-8_14

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