Crisis Stalls Globalization: Reshaping the World Economy"" examines the multiple facets of the recession-from the impact on individual economies to the effect on the global payments imbalances that were partially at the root of the crisis-and offers a variety of suggestions for supporting a...

'Africa: Making Its Move' explores some of the obstacles facing sub-Saharan Africa as it attempts to capitalize on changes that offer fresh opportunities for growth and poverty reduction. The lead article describes the changes and suggests how Africa can build on them to progress further. Other...

This paper describes problems and prospects associated with urbanization. The paper sees the rapid urbanization in the less developed world not as a crisis that can be “dealt with” by urgent measures but as a major historical phenomenon that calls for analytical study as well as current...

This paper reviews the self-help housing project in El Salvador. The paper highlights that projects like this one become community efforts in a real sense. The families participate in road building, construction, digging trenches, and pipe-laying, under supervision. The Fundación Salvadoreña...

This paper highlights that agreement on an important package of reforms of vital significance to the future of the international monetary system was reached at a meeting of the Interim Committee of the Board of Governors of the IMF on the International Monetary System in Kingston, Jamaica, on...

This paper discusses the launch of the Brandt Commission. The paper highlights that during the week of the Annual Meetings of the Board of Governors of the World Bank and the IMF in Washington, D.C. (September 26–30, 1977), Willy Brandt, former Chancellor of the Federal Republic of Germany,...

This paper highlights that 1977 was an eventful year for the IMF. Drawing on the IMF’s resources during 1977 totaled more than SDR 3.4 billion. These were accompanied by a record volume of repurchases, which reduced the total net drawings for the year to SDR 427 million. At the end of 1977,...

This paper highlights that the 1978 World Bank Annual Meeting, held in Washington, D.C. during September 25–28, 1978, emphasized that greater efforts need to be made by both developed and developing countries, on domestic as well as international fronts, to stimulate lagging growth and to...

This paper highlights that the flow of IMF-related resources to member countries was maintained at a high level during 1979, amounting to the equivalent of SDR 6,917 million, compared with SDR 4,955 million in 1978. Some SDR 3.77 billion became available to non-oil developing countries in 1979....

This paper highlights that the 1980 Annual Meeting of the Board of Governors of the IMF affirmed the willingness of the IMF to evolve, under its charter, to meet new circumstances; but in some ways there was a departure from the past. Two substantive problems dominated the Meeting: the...