The adjustment crisis of the oil-importing developing countries has raised the question as to the specific roles of the IMF and the World Bank in the process of structural adjustment and the actual relationship between their different concepts and programmes. What are the areas of cooperation...

The mounting balance of payments difficulties of most developing countries raise the question whether they are not aggravated by an international monetary system which is tailored to the requirements of industrialized countries and how the existing system could possibly be adapted to the needs...

IN INTERECONOMICS, No. 11/12, 1977, Klaus-Peter Treydte discussed the European Communities' "STABEX" system for export earnings stabilisation. The following contribution compares Stabex with the Compensatory Financing Facility for IMF member countries.