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World Bank to Review Currency and Trade Issues
World Bank and IMF annual meetings in Washington focus on Britain's rate hike to 7 percent and potential sterling devaluation. Analysts flag Germany's trade surplus, the mark surge, and pressure on weak currencies. The World Bank reports a brisk 1956 57 borrowing year with loans to Persia Italy and Australia and major aircraft and mining financing in Australia.
MENTIONED IN THIS ARTICLE
Washington
Britain
U.K
Reuter
Germany
Netherlands
Vad
New York Times
the Treasury
Sir Roland Wilson
World Bank
Persia
Italy
Australia