Finance & Development, June 1988 [electronic resource]

By: International Monetary Fund. External Relations DeptMaterial type: TextTextSeries: Finance & Development; Finance & Development, Volume 25 ; No. 2Publication details: Washington, D.C. : International Monetary Fund, 1988Description: 1 online resource (56 p.)ISBN: 1616353732 :ISSN: 0145-1707Subject(s): Creditors | Debt | Finance | Finances and Development | Indebted Countries | Monetary Fund | Bolivia | Israel | PolandAdditional physical formats: Print Version:: Finance & Development, June 1988Online resources: IMF e-Library | IMF Book Store Abstract: This paper presents the views of Michel Camdessus, Managing Director of the IMF, on how the IMF can face new challenges. Camdessus believes that the key responsibility for resolving debt difficulties lies with the indebted countries themselves. They need to be more resolute in adopting and implementing sound macroeconomic policies and bold structural reforms. Camdessus states that the IMF has available US
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This paper presents the views of Michel Camdessus, Managing Director of the IMF, on how the IMF can face new challenges. Camdessus believes that the key responsibility for resolving debt difficulties lies with the indebted countries themselves. They need to be more resolute in adopting and implementing sound macroeconomic policies and bold structural reforms. Camdessus states that the IMF has available US 2 billion to support adjustment in the low-income countries through the structural adjustment facility and the enhanced structural adjustment facility.

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