Strengthening the International Financial System: Group of Seven Unveils Plan for Financial Reform, Calls for Enhanced IMF Line of Credit

• Pages: 360

Page 360

The Group of Seven also pledged to support a broad range of reforms-outlined in a memorandum addressed to IMF Managing Director Michel Camdessus issued on October 30 by IMF Executive Directors representing the Group of Seven countries-to improve the IMF's effectiveness through greater transparency and accountability.

Excerpts from the declaration of the Group of Seven finance ministers and central bank governors and the memorandum from the IMF...