International Monetary Fund Annual Report 1973
Annual Report of the Executive Board, September 3, 1973
Source details
- Canonical URL
- International Monetary Fund Annual Report 1973
Other formats
Bibliographic details
- Published: September 3, 1973
- Series: Annual Report of the Executive Board
- DOI: https://doi.org/10.5089/9781616351854.011
Overview and context
- Reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1973.
- World economic developments in 1972 and the first half of 1973 were dominated by:
- a strong cyclical upsurge in activity,
- high rates of price inflation,
- currency crises and unrest punctuated by another realignment of major currencies in February–March 1973.
- With key elements of the Bretton Woods system no longer observed, reforming the international monetary system continued in the IMF through the Committee of Twenty.
Major findings
- The report covers the fiscal year ended April 30, 1973.
- Key themes emphasized:
- strong cyclical upsurge in activity in 1972 and the first half of 1973,
- high rates of price inflation in that period,
- currency crises and unrest, including a realignment of major currencies in February–March 1973,
- ongoing work on reforming the international monetary system via the Committee of Twenty due to the non-observance of key Bretton Woods elements.
Subject coverage and keywords
- Subject areas: Commodities; Currencies; Currency markets; Exchange rate adjustments; Exchange rates; Financial markets; Foreign exchange; Gold; Inflation; Money; Prices.
- Keywords include: Africa; AR; AREA; buffer stock; Central America; Currencies; Currency markets; currency unit; deduction of SDR; deutsche mark; drawing account; ease present; Exchange rate adjustments; Exchange rates; executive director; fiscal year; Global; Gold; Inflation; Italian lira; Middle East; positions in the fund; R. van S.; reserve ease; sc; SDR equivalent; unit of account; votes of China; Western Hemisphere; world reserve.