{
  "title": "International Monetary Fund Annual Report 1973",
  "publication": "Annual Report of the Executive Board, September 3, 1973",
  "sourceUrl": "https://www.imf.org/en/publications/areb/issues/2016/12/31/international-monetary-fund-annual-report-1973-24951",
  "canonical": "https://www.imf.org/en/publications/areb/issues/2016/12/31/international-monetary-fund-annual-report-1973-24951",
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  "summary": "This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1973. The report highlights that 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, and currency crises a",
  "sections": [
    {
      "heading": "Overview and context",
      "content": "- Reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1973.\n- World economic developments in 1972 and the first half of 1973 were dominated by:\n  - a strong cyclical upsurge in activity,\n  - high rates of price inflation,\n  - currency crises and unrest punctuated by another realignment of major currencies in February–March 1973.\n- 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."
    },
    {
      "heading": "Major findings",
      "content": "- The report covers the fiscal year ended April 30, 1973.\n- Key themes emphasized:\n  - strong cyclical upsurge in activity in 1972 and the first half of 1973,\n  - high rates of price inflation in that period,\n  - currency crises and unrest, including a realignment of major currencies in February–March 1973,\n  - ongoing work on reforming the international monetary system via the Committee of Twenty due to the non-observance of key Bretton Woods elements."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Commodities; Currencies; Currency markets; Exchange rate adjustments; Exchange rates; Financial markets; Foreign exchange; Gold; Inflation; Money; Prices.\n- 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.\n\n---\n\n\nSource: https://www.imf.org/en/publications/areb/issues/2016/12/31/international-monetary-fund-annual-report-1973-24951"
    }
  ],
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    "Published: September 3, 1973",
    "Series: Annual Report of the Executive Board",
    "DOI: https://doi.org/10.5089/9781616351854.011",
    "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:",
    "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.",
    "The report covers the fiscal year ended April 30, 1973.",
    "Key themes emphasized:",
    "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."
  ],
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}