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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

The annual joint meeting of the Boards of Governors of the International Monetary Fund and the International Bank for Reconstruction and Development was held at Paris from September 6 to 14, 1950 at the same time as the annual meetings of the Governors of the two organizations. At the opening joint meeting of the Fund and the Bank on September 6, the first matter considered was a draft resolution submitted by the Governor for Czechoslovakia requesting that delegates from the People's Republic of China be substituted for the delegation from the “Kuomintang group”. This proposition was vehemently resisted by the Governor for China but supported by the Governors for India and Yugoslavia. After a show of hands the motion was defeated at the second joint meeting. At the fourth joint session it was agreed that the sixth annual meeting of the two organizations in 1951 would be held in the United States. Following that recommendation the joint session approved the nomination of the Governor for Canada (Douglas Abbott) as chairman for the ensuing year and the Governors for China, France, India, the United Kingdom and the United States as vice-chairmen.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 5 , Issue 1 , February 1951 , pp. 206 - 209
Copyright
Copyright © The IO Foundation 1951

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References

1 New York Times, September 15, 1950. For summaries of the annual reports of the Bank and the Fund, see International Organization, IV, p. 673, 679.

2 New York Times, September 11, 1950.

3 International Monetary Fund Press Release 145, September 30, 1950.

4 Ibid., 147, October 17, 1950.

5 Ibid., 148, October 20, 1950.

6 Ibid., 143, September 6, 1950.

7 Ibid., 149, October 24, 1950; New York Times, October 17, 1950.

8 Ibid., November 4, 1950.