This small book (The IMF and its Credit Windows) is spread over 5 Chapters. Chapter 1 deals with IMF quotas, meaning and their uses, Chapter 2 deals with crdit facilities in general and Chapter 3 starts with the evolution of the IMF and two amendments, their effects and the role of Special Drawing rights in the International Monetary System. An effort has been made in Chapter 4 to present and bring out the minute details of each credit window and some useful (in my opinion) table showing the use of various creit facilities have been presented. Chapter 5 deals with the General Arrangement to Borrow (GAB) agreed upon between the Group of 10 developed countries in consultation with the IMF initially. This was for the convenience of the Group of 10 as well as the IMF, chapters 5 also includes all modifications in the GAB. In my reckoning the book will be useful to any academics or executive interested in knowing the facilities available to member countries in time of BOP crises and the conditionality of each facility as well as quantum of facility. It can equally be useful to students doing Masters or higher course having International Finance and International Monetary system as their topics of study. It equally fits into the topics taught in some of the MBA courses at some institutions.
ABOUT THE AUTHOR A.R. Rizvi
Born in March 1934 at Amroha, U.P., third son of a teacher father. Early school education at Government High School Hapur, Government High School Bareilly, Government High School Amroha and J.S. Hindu Inter college Amroha. The B.Com and M.A. Economics degree were obtained from the Aligarh Muslim University, Aligarh in 1957 and 1959 rspectively. Joined Jamia illia Islamia (Jamia Rural Institute) as a Lecturer in August, 1959. After teaching for more than 5 years, in March 1966, availed study leave from Jamia and joined Unviersity of Western Australia, at Perth, for a higher degree in Economics and got the M.Ec. research degree in 1969. The thesis was entitled "Studies in the Demand for the supply of Gold". Thereafter remained in Jamia and was appointed Reader in 1977 and Professor in 1985. Lately before the publicationo f this small volume a paper entitled "Special Drawing Rights" was published in The Third Concept" (New Delhi) Volume 10, No. 110-111 April-May 1996, another paper on the conditionalities of IMF credit windows in lying with the Third concept for publication. These topics have been taught to post-graduate students at Jamia since 1986 when some of the facilities were incepted by the fund, it was realised that it will be fruitful to put together in the form of a small volume after extensive updating.
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