Word: jacobsson
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West Germany has piled up a favorable balance of payments of $1.3 billion and now has more than $6 billion in gold or gold equivalent. Instead of stashing away such "unnecessary reserves," said IMF Managing Director Per Jacobsson of Sweden. West Germany ought to be undertaking an imaginative capital export program...
TRADE. Anderson's drive to get other industrial nations of the free world to lower their trade barriers against U.S. goods has already brought dramatic results. At the late September meeting of the World Bank-IMF, Sweden's Per Jacobsson, managing director of IMF, agreed with Anderson that the "new situation' called for a "fresh examination" of international economic policies. The IMF executive board urged member nations with adequate gold and dollar reserves to end discrimination against U.S. goods "with all feasible speed." A few days later, the meeting of the 37-nation General Agreement on Tariffs...
...JACOBSSON Managing Director...
...TIME erred. Director Jacobsson has called for "more effective application" of aid to underdeveloped countries "through sounder internal policies," but he has not said that those countries have had too much assistance. Of IDA, he has said "there are certain aspects many people are hesitant about," but he has not opposed...
Anderson got strong backing from Per Jacobsson, managing director of the International Monetary Fund, who charged that dollar restrictions are now being used as "protectionist devices" to keep down foreign competition. To Anderson's great satisfaction, Jacobsson virtually signed the death warrant for dollar discrimination by promising that the fund would act on a tougher policy "in the very near future," thus launching a major new step for a freer world trade...