IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-16903-0_8.html
   My bibliography  Save this book chapter

An Evaluation of IMF-based Sources of International Liquidity for LDCs

In: The International Monetary System and the Less Developed Countries

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

Through its various facilities, LDCs have made considerable use of the IMF as a source of international finance. Quantitatively the IMF has become a particularly significant source of finance in the middle 1970s. The general pattern of drawings on the Fund may be gleaned from Table 8.1. This table shows the fluctuations in drawings on the Fund which have occurred over the period 1952–76. It is also a fact that, more often than not, drawings on the Fund by industrial countries have exceeded drawings by LDCs.1 It is interesting to note, as an extreme example of this, that in 1961, when LDCs as a group drew the historically large amount of SDR 687.5 million from the Fund, the United Kingdom alone drew SDR 1500 million. The relatively large use of Fund resources by industrial countries tends, however, to reflect large drawings by a few countries rather than more general use by industrial countries. In eight of the ten years that drawings by LDCs exceeded those by industrial countries, drawings by industrial countries were zero.

Suggested Citation

  • Graham Bird, 1982. "An Evaluation of IMF-based Sources of International Liquidity for LDCs," Palgrave Macmillan Books, in: The International Monetary System and the Less Developed Countries, edition 0, chapter 8, pages 160-209, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16903-0_8
    DOI: 10.1007/978-1-349-16903-0_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-16903-0_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.