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This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended June 1947. The report highlights that in the two years since the end of the Second World War, considerable progress has been made toward rebuilding the economies of the devastated and disrupted countries, although the work is far from complete. A number of countries in Europe have succeeded in approaching or even exceeding the pre-war levels of industrial production, but in others, output still lags far behind.

Banking --- Banks and Banking --- Cement --- Central banks --- Ceramics --- Commodities --- Currencies --- Currency --- Exchange restrictions --- Expenditures, Public --- Exports and Imports --- Exports --- Foreign exchange reserves --- Foreign Exchange --- Foreign exchange --- Glass --- Gold reserves --- Gold --- Government and the Monetary System --- Imports --- International economics --- International trade --- Investment & securities --- Investments: Metals --- Metals and Metal Products --- Monetary economics --- Monetary Policy --- Monetary Systems --- Money and Monetary Policy --- Money --- National Government Expenditures and Related Policies: General --- Payment Systems --- Public expenditure review --- Public finance & taxation --- Public Finance --- Regimes --- Standards --- Trade: General --- United States