This paper presents highlights of the IMF Meetings in 1968. The main themes of the IMF Annual Meeting were referred to by President Lyndon B. Johnson of the United States in his address at the opening joint session. He described 1968 as “a year of crisis in financial markets,” and the...

This paper analyzes economic implications of high rates of population growth in the world. The paper highlights that today, the world population is growing at a rate that is 30 times as high as the average rate of growth between the first century A.D. and 1650. In less developed countries, this...

This paper presents a description of the Project Analysis Course offered by the World Bank’s Economic Development Institute (EDI). The main objective of EDI is to give individuals a general understanding of all the main elements involved in preparing, evaluating, and executing development...

This paper discusses infrastructure development and building of roads in Honduras. The paper highlights that in countries with backward transportation systems, the concept of “road” takes on an almost philosophical significance. The paper discusses the Western Highway in Honduras that was...

This paper focuses on telecommunication development in Ethiopia. The paper highlights that there are now over 20,000 telephones in Addis Ababa (in 1969), but the demand for service still exceeds the supply. About 800 installation requests are received each quarter; of these, 600 can be...

This paper discusses achievement and failure of science in increasing world animal production. The paper highlights that the application of modern animal production technology is virtually confined to Western Europe, to the North American continent, to Australia, New Zealand, and Japan. The new...

This paper explains how the World Bank carries out its most characteristic activity: the identification, preparation, appraisal, and supervision of projects for economic development. The paper highlights that project lending is intended to ensure that the World Bank funds are invested in sound,...

This paper focuses on currency convertibility and the exchange rate system. The paper explains some of the factors involved in extending the freedom of currency convertibility, one of the IMF’s principal policy aims. It highlights that the IMF’s Articles of Agreement make the distinction...

This paper discusses the role of the IMF in financial stability and planning in world trade. The paper highlights that the IMF was set up to assist in the maintenance of an international monetary system that is conducive to the expansion of international trade. To this end, the IMF was provided...

This paper describes what is a “World Bank Project.” The paper highlights that by the 1960s, the concept of a “project” had already widened. Starting in the late 1950s, the World Bank began expanding its lending into new sectors; today, the Bank lends for a wide variety of projects in...