Word: jacobsson
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WORLDWIDE INFLATION is cutting into the $8.9 billion International Monetary Fund, which makes loans to bolster shaky currencies. With demand rising for IMF credit, Fund Boss Per Jacobsson wants to put bite on IMF's member nations to boost their contributions 30% to 35%. If raise is okayed, U.S. will have to add $1 billion to its quota of 2.75 billion...
Born. To Roger Gilbert Bannister, M.D., 27, the first four-minute miler (3:59.4), and Portrait Artist Moyra Jacobsson Bannister, 27: a daughter, their first child; in London. Name: Carol Erin Elver. Weight...
...general has to capture a hill, it is better to take it in one go rather than attack three or four times. You lose fewer men that way." Thus, last week, International Monetary Fund Director Per Jacobsson explained the fund's $1.3 billion loan to Britain to prop the Suez-battered pound. Instead of help in drib lets, Britain asked for and got the largest loan permissible under the fund's rules...
...Essentially Sound." Said Director Jacobsson: "The trading position of the United Kingdom has been and continues to be essentially sound." The new "pressure was not caused by weakness in the current account, but reflected a decline in confidence." The fund's "support on a massive scale" would "effectively contribute to restoration of the strong balance-of-payments position...
...other member nations in Eu rope, the fund could also lend support. If necessary, France could draw up to $525,-000,000; The Netherlands, $275,000,000; Austria, $50,000,000. But Director Jacobsson did not think the need would arise. The size of the loan to Britain would help stabilize the sterling area with which France and other West European nations are associated, make it unnecessary for them to withdraw their quotas...