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The Joint Statement of Principles

In: Bretton Woods

Author

Listed:
  • Armand Dormael

Abstract

After this introduction the Statement spelled out the purposes and policies of the Fund: to promote international monetary co-operation; to facilitate the expansion and balanced growth of international trade, thus contributing to the maintenance of a high level of employment and income; to make the Fund’s resources available to member countries, thus giving them time to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity; to promote exchange stability; to assist in the establishment of multilateral payments facilities on current transactions and in the elimination of foreign-exchange restrictions hampering the growth of world trade; and to shorten the periods and lessen the degree of disequilibrium in the international balance of payments of member countries.

Suggested Citation

  • Armand Dormael, 1978. "The Joint Statement of Principles," Palgrave Macmillan Books, in: Bretton Woods, chapter 13, pages 135-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03628-8_14
    DOI: 10.1007/978-1-349-03628-8_14
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