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dated October 6, 1958: IMF meeting

Prime Minister Nehru will inaugurate in New Delhi on October 6 what may easily turn out to be the most important world finance conference since Bretton Woods in 1944 which two years later led to the setting up of the International Bank for Reconstruction and Development and the International Monetary Fund. Finance Ministers, Governors of Central Banks and experts in international finance have been assembling in New Delhi mainly in the last few days for the annual meetings – being held for the first time in Asia – of the Boards of Governors of the 13-year-old Bretton Woods Twins and of the two-year-old International Finance Corporation. The World Bank President, Mr. Eugene Black, who arrived in India a week ago and has been holidaying in Kashmir, returned to New Delhi on October 5.

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