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Organization for Economic Cooperation and Development

Published online by Cambridge University Press:  22 May 2009

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Extract

At its meeting on December 12, 1961, the Council of the Organization of Economic Cooperation and Development (OECD) agreed to maintain the European Monetary Agreement in force, although with certain modifications. The chief amendment concerned the maximum period for the utilization of credits granted by the European Fund. In addition, OECD could henceforth decide, in exceptional cases, that a credit granted by the European Fund might be repaid in installments spread over no more than two years.

Type
International Organizations: Summary of Activities: III. Political and Regional Organizations
Information
International Organization , Volume 16 , Issue 3 , Summer 1962 , pp. 659 - 660
Copyright
Copyright © The IO Foundation 1962

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References

1 Council of Europe News, January 1962 (New Series No. 18), p. 9. For previous information on activities of the Organization for Economic Cooperation and Development, see International Organization, Winter 1962 (Vol. 16, No. 1), p. 254–255CrossRefGoogle Scholar.

2 The New York Times, March 22, 1962.