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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

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.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 16 , Issue 1 , Winter 1962 , pp. 230 - 231
Copyright
Copyright © The IO Foundation 1962

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References

1 International Monetary Fund, Press Release 371, October 2, 1961; see also International Financial News Survey(hereafter cited as IFNS), Octofor 6, 1961 (Vol. 13, No. 39), p. 310. For a summary of previous activities of the Fund, see, International Organization, Autumn 1961 (Vol. 15, No. 4), p. 710–712Google ScholarPubMed.

2 International Monetary Fund, Press Release 372, October 27, 1961; see also IFNS, 11 3, 1961 (Vol. 13, No. 43), p. 341Google Scholar.

3 IFNS, 10 6, 1961 (Vol. 13, No. 39), p. 316Google Scholar.

4 Ibid., November 3, 1961 (Vol. 13, No. 43), p. 348.

5 Ibid., p. 341.