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International Monetary Fund. Secretary's Department

Ahmed Zaki Saad Albert Mansour Guenther Schleiminger Miss Lore Fuenfgelt J. O. Stone G. P. C. de Kock Hideo Suzuki Koichi Satow Beue Tann Nguyên Huu Hanh André van Campenhout Jacques Roelandts Leonard A. Williams M. P. Omwony Antoine W. Yaméogo Léon M. Rajaobelina

International Monetary Fund. Secretary's Department

Ahmed Zaki Saad Albert Mansour Guenther Schleiminger Miss Lore Fuenfgelt J. O. Stone G. P. C. de Kock Hideo Suzuki Seitaro Hattori Beue Tann Nguyên Huu Hanh André van Campenhout Jacques Roelandts Leonard A. Williams M. P. Omwony Antoine W. Yaméogo Léon M. Rajaobelina

International Monetary Fund. Secretary's Department

Wong Pakshong Adviser Lien Ying Chow Somalia Governor Abdurahman Nur Herzi Temporary Alternate Governor Mohamed Kassim Hashim Adviser Leone Fici South Africa Governor Nicolaas Diederichs Alternate Governor G. W. G. Browne Advisers W. J. J. Conradie G. P. C. de Kock G. H. Rothmann C. L. Stals A. M. de Villiers Southern Yemen Governor Mohamed Mahfoodh Bahashwan Alternate Governor Hussein Hadi Spain Governor Enrique Fontana Codina Alternate Governor

International Monetary Fund. Secretary's Department

Adviser Lien Ying Chow Somalia Governor Abdullahi Ahmed Addou’ Temporary Alternate Governor Seek Abdi Hagi Abicar Advisers Aden Omar Elayeh Leone Fici Antonino Tomaselli South Africa Governor Nicolaas Diederichs Alternate Governor G. W. G. Browne Advisers W. J. J. Conradie G. P. C. de Kock A. M. de Villiers John Kincaid W. J. Lubbe C. L. Stals H. L. T. Taswell Southern Yemen Governor Mahmoud Ushaish Alternate Governor Hussein Hadi Spain Governor Manuel

International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings

International Monetary Fund. Secretary's Department

Georges Plescoff Bruno de Maulde Ahmed Zaki Saad Guenther Schleiminger Miss Lore Fuenfgelt J. 0. Stone G. P. C. de Kock Hideo Suzuki Seitaro Hattori Beue Tann C. L. Chow André van Campenhout Herman Biron Antoine W. Yaméogo Leon M. Rajaobelina

International Monetary Fund. Secretary's Department

Abstract

I should like to begin by expressing to the Managing Director and the staff of the Fund my appreciation of the high quality of the Annual Report 1970 which has found its well-earned echo in public. In this Report, amid the variety of economic problems which beset us, one warning keeps recurring with an almost frightening monotony: beware of inflation.