Orders of the Day — International Monetary Arrangements Bill

Part of the debate – in the House of Commons at 5:35 pm on 11th July 1983.

Alert me about debates like this

Photo of Mr Bowen Wells Mr Bowen Wells , Hertford and Stortford 5:35 pm, 11th July 1983

I am grateful to my hon. Friend for that intervention. We are trying to concentrate on the discipline and therefore on the conditionality of IMF loans—which is the only international mechanism left, as the automatic disciplines of the gold standard or the fixed-rate exchange system no longer apply—which ensure that the debtor countries adopt the economic policies that pull them out of their difficulties.