WASHINGTON, Sept. 25 Reuter: Third World representatives concerned that a di put among rich countries will overshadow debt and poverty issues, today began shaping their position for next week’s annual ‘meetings of the international monetary fund and world bank.
Representatives of the group of 24 developing countries met here to seek a united front on a wide range of sues, including new funding for the World Bank, broad changes in the world monetary system to stabilize exchange rates, and fears over the global economic outlook.
Monetary sources said the G24 representatives hope an agreement ‘can be approved on Saturday by their minister, who meets their counterparts from rich countries the following day.
“There are many critical issues besides those involving the dispute between the groups of five countries,” one source said.
The G-5 nations the United States, Japan, West Germany, Britain and France are embroiled in a dispute over economic policy.
Washington is demanding that West Germany and Japan cut their interest rates in order to help boost the world economy. Bonn and Tokyo have flatly rejected the ‘demand.
Article extracted from this publication >> October 3, 1986
