Bretton Woods pp 135-138 | Cite as

The Joint Statement of Principles

  • Armand Van Dormael


After this introduction the Statement spelled out the purposes and policies of the Fund: to promote international monetary co-operation; to facilitate the expansion and balanced growth of international trade, thus contributing to the maintenance of a high level of employment and income; to make the Fund’s resources available to member countries, thus giving them time to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity; to promote exchange stability; to assist in the establishment of multilateral payments facilities on current transactions and in the elimination of foreign-exchange restrictions hampering the growth of world trade; and to shorten the periods and lessen the degree of disequilibrium in the international balance of payments of member countries.


Member Country Joint Statement International Investment Explanatory Note Woods Member 


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© Armand Van Dormael 1978

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  • Armand Van Dormael

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