International records / Foreign Relations of the United States

206. Current Economic Developments

Executive Directors who would bring it before the Governors upon completion of their studies and recommendations (without necessarily waiting until the next annual meeting). As usual, the Governors considered the annual reports of the institutions. Nigeria’s applications for membership in the Bank, Fund and IFC were approved as were Nepal’s applications for membership in the Bank and Fund and Sudan’s for the IFC. Approval was also given to Yugoslavia’s application for an increase in its quota in the Fund and in its subscription to the Bank. [Here follows discussion of the soundness of the U.S.…