The mounting balance of payments difficulties of most developing countries raise the question whether they are not aggravated by an international monetary system which is tailored to the requirements of industrialized countries and how the existing system could possibly be adapted to the needs...

A link between the creation of Special Drawing Rights and the financing of development aid is under discussion in order to meet the developing countries' demands for an adequate supply with international liquidity. This article expounds critically a number of objections raised against this concept.

Recently the Interim Committee of the International Monetary Fund met in Hamburg without making significant progress on the proposal for a substitution account. One of the main initiatives toward restructuring the international monetary system thus was postponed if not indefinitely suspended....

The adjustment crisis of the oil-importing developing countries has raised the question as to the specific roles of the IMF and the World Bank in the process of structural adjustment and the actual relationship between their different concepts and programmes. What are the areas of cooperation...

The IMF began to play a prominent role in low-income countries in the late 1970s and 1980s when many countries faced overvalued exchange rates, growing budget deficits, high inflation, and low reserves. But times have changed, and many low-income countries no longer face these problems and do...

Many developing countries are still grappling with the consequences of the pandemic and the associated high debt burdens while facing huge financing needs, inter alia related to climate change. In response, the International Monetary Fund (IMF) issued $650 billion in Special Drawing Rights...