§ 17. Mr. Arnoldasked the Chancellor of the Exchequer if he is satisfied with progress being made in the interim committee of the International Monetary Fund with regard to the problems of international debt.
§ Sir Geoffrey HoweThe interim committee at its meeting in Washington on 10–11 February discussed the difficulties many developing countries face in arranging external finance. It stressed the importance of the fund's role both in providing balance of payments assistance to member countries that engage in adjustment programmes and in exercising surveillance over policies. The increase in fund quotas agreed in Washington has equipped the fund with adequate resources to perform this role.