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International Monetary Fund

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  • Anonymous

Abstract

On October 2, 1961, it was announced that the International Monetary Fund had entered into a stand-by arrangement with the government of Haiti under which that government could draw the equivalent of $6 million from the Fund during the following twelve months. The arrangement with the Fund was considered as a useful supplement to the country's reserves to assist the government in maintaining the convertibility of its currency. The Haitian government had not drawn on its previous stand-by arrangement with the Fund, which had expired on September 30, 1961; in earlier years it had drawn $5.4 million, of which $2.6 million had already been repaid.

Suggested Citation

  • Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(1), pages 230-231, January.
    • Handle: RePEc:cup:intorg:v:16:y:1962:i:1:p:230-231_12
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