§ 28. Mr. Hooleyasked the Chancellor of the Exchequer what progress is being made within the IMF to deal with the debt problems of the hardest hit developing countries.
§ Mr. Joel BarnettThe main purpose of the IMF is to help countries in overall balance of payments need. In addition, 817W more liberal access to the Fund's compensatory financing facility has been agreed and a trust fund has been set up to lend on concessional terms to the poorest countries.