The Role of the Fund

Jack Parkinson

Chapter 11 in Aid and Influence, 1981, pp 165-176 from Palgrave Macmillan

Abstract: Abstract Bangladesh became a member of the International Monetary Fund in June 1972 and thereby also met a prior condition for membership of the World Bank and its affiliated International Development Association (IDA). In the respective charters of the Fund and the Bank — and even more clearly in the practices that have evolved over the years — there is a division of responsibility and an area of operation between the two institutions. The Bank is concerned with nearly every aspect of the economies on which it reports but it recognises that the Fund has special responsibility for financial matters, both internal and external, and specifically, that the Fund should be accepted internationally as the institution responsible for initiating and conducting discussions about exchange rates.

Keywords: Exchange Rate; Import Price; Credit Expansion; International Development Association; Special Draw Right (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05472-5_11

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DOI: 10.1007/978-1-349-05472-5_11

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