52. Editorial Note

The elimination of discrimination in international trade and payments was discussed by the Board of Governors of the International Monetary Fund when it met in Washington, along with the Boards of Governors of the International Bank for Reconstruction and Development and the International Finance Corporation, September 28–October 2. The texts of remarks by President Eisenhower and statements by Secretary of the Treasury Anderson, Under Secretary of State Dillon, and Assistant Secretary of the Treasury Upton are printed in Department of State Bulletin, October 19, 1959, pages 531–541.

On October 25, the International Monetary Fund announced a unanimous decision by the Executive Directors that there was no longer any balance-of-payments justification for discriminatory restrictions by members whose current receipts were largely in externally convertible currencies. The text is printed ibid., November 9, 1959, pages 681–682. A similar statement was included in the communiqué issued on October 29 at the conclusion of a ministerial meeting in Tokyo of the 15th session of the Contracting Parties to the General Agreement on Tariffs and Trade. For text, see American Foreign Policy: Current Documents, 1959, pages 1527–1529. For further information on this subject, see Document 107.