And on December 15, 1976 , he signed a Letter of Intent to the IMF, committing to significant public expenditure cuts in return for a $3.9 billion loan. The value of sterling had fallen from $2 in March 1976 to $1.65 as the Labour Party conference began at the end of September.
James Callaghan's Labour government had to borrow $3.9 billion from the International Monetary Fund (IMF), with the intention of maintaining the value of ... |
| 1976 sterling crisis |  |
Кризис фунта стерлингов 1976 года был валютным кризисом в Соединенном Королевстве. Инфляция, дефицит платежного баланса, дефицит государственных расходов и нефтяной кризис 1973 года внесли свою лепту.
Истоки кризиса объясняются консервативным... Википедия (Английский язык)
The UK currently holds 4.03 percent of the total votes for the IMF and a 20,155.1 (in million of SDR's) quota. The United Kingdom on a map ... |
In 1976, the Labour government sought a loan from the International Monetary Fund to meet deteriorating economic conditions. The Fund demanded large cuts in ... |
This article examines the multiple levels of external pressures (structural, bilateral, and multilateral) that were brought to bear on British economic ... |
The 1976 IMF crisis was a severe currency crisis which led the United Kingdom to borrow $3.9 billion from the IMF, at the time the largest amount ever requested ... |
28 сент. 2016 г. · On 1 November an IMF mission arrived in London, checking into Brown's Hotel, Mayfair, under false names. But as the negotiations culminated a ... |
The IMF crisis that hit Britain in 1976 had as its focus the request by the Labour government for a loan from the IMF and the negotiations that followed ... |
6 окт. 2017 г. · In 1976, the minority Labour UK government of James Callaghan was 'forced' to borrow $3.9 billion from the IMF to stabilise the value of Pound. ... |
24 сент. 2022 г. · The UK turned to the IMF for a bailout in 1976 after a plunge in the pound and tax cuts by then-chancellor Anthony Barber stoked inflation. |
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