International records / Foreign Relations of the United States

190. Current Economic Developments

aim of the plan is to ward off speculation by demonstrating that the defenses behind all the main currencies, including the dollar, are adequate. US Backs Expansion of the IMF Resources Representatives from Cyprus, Laos, Liberia, Nepal, New Zealand, Nigeria, Portugal, Senegal, Sierra Leone, and Togo were welcomed to the meetings for the first time by Secretary Dillon , who gave the principal address for the US. For text of Dillon ’s speech, September 20, see Department of State Bulletin, October 9, 1961, pp. 584-588. He backed Jacobsson ’s proposals for an expansion of the IMF ’s resources. Wh…