, Volume 17, Issue 2, pp 87–90 | Cite as

The IMF and the countries of the Council for Mutual Economic Assistance

  • Klaus Schröder
Articles Comecon


In November 1981 Hungary and, one week later, Poland applied for membership of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank). These applications have highlighted a subject which had been neglected for quite some time. This analysis deals with the problems and consequences which arise from the membership of countries of the Council for Mutual Economic Assistance (Comecon)—the economies of which largely conform to principles of central economic planning—in IMF, an institution organized according to market principles.


International Monetary Fund Planning Mechanism Polish Authority Western Bank Central Economic Planning 
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  1. 2.
    See Exchange, Price Reform are Key Elements in Romania’s New Stabilization Program, in: IMF Survey, September 7, 1981, p. 262 ff.Google Scholar
  2. 3.
    Cf. A. Köves: Turning Inward or Turning Outward: Reflections on the Foreign Economic Strategy of CMEA Countries, in: Acta Oeconomica, Vol. 26 (1–2), 1981, p. 51 ff.Google Scholar
  3. 4.
    Cf. K. Schröder: Aspekte zukünftiger Finanzbeziehungen zwischen Ost und West (Aspects of future financial relations between East and West), in: Osteuropa Wirtschaft, 27th year, No. 1/1982, p. 35 ff.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1982

Authors and Affiliations

  • Klaus Schröder
    • 1
  1. 1.Stiftung Wissenschaft und Politik (Research Institute for International Affairs)Ebenhausen/Munich

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