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This paper presents a description of the Project Analysis Course offered by the World Bank’s Economic Development Institute (EDI). The main objective of EDI is to give individuals a general understanding of all the main elements involved in preparing, evaluating, and executing development projects. At the end of the course, EDI expects graduates to be able to help design project studies or to participate in the overall evaluations on which final decisions are heavily based.

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From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to ‘act as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.” The authors of the papers in this issue have received considerable assistance from their colleagues on the staff of the Fund. This general statement of indebtedness may be accepted in place of a detailed list of acknowledgments. Subscription: US$6.00 a volume or the approximate equivalent in the currencies of most countries. Three numbers constitute a volume. Single copies may be purchased at $2.50. Special rate to university libraries, faculty members, and students: $3.00 a volume; $1.00 a single copy. Subscriptions and orders should be sent to: THE SECRETARY International Monetary Fund 19th and H Streets, N.W. Washington, D. C. 20431.

Banks --- Budget planning and preparation --- Budget Systems --- Budget --- Budgeting & financial management --- Budgeting --- Depository Institutions --- Economic integration --- Expenditure --- Expenditures, Public --- Exports and Imports --- Finance --- Imports --- Income tax systems --- Income tax --- Industries: Financial Services --- International economic integration --- International economics --- International Trade Organizations --- International trade --- Macroeconomics --- Micro Finance Institutions --- Mortgages --- National Budget --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- Public Finance --- Public financial management (PFM) --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- Trade Policy --- Trade: General --- Korea, Republic of

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This paper analyzes economic implications of high rates of population growth in the world. The paper highlights that today, the world population is growing at a rate that is 30 times as high as the average rate of growth between the first century A.D. and 1650. In less developed countries, this rate is 40 times as high. In discussing the advantages that economic development derives when human fertility is reduced, the paper shows that while some commonly held beliefs about these are correct, others are out of touch with modern expert thinking.

Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- Demography --- Labor --- Trade: General --- Personal Income, Wealth, and Their Distributions --- Demographic Economics: General --- National Government Expenditures and Related Policies: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Taxation, Subsidies, and Revenue: General --- International economics --- Public finance & taxation --- Population & demography --- Labour --- income economics --- Personal income --- Exports --- Population and demographics --- Imports --- Banking --- National accounts --- International trade --- National income --- Income --- Population --- Expenditures, Public --- United States --- Income economics

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This paper presents a report on existing international banking and credit facilities in the Economic Commission for Asia and the Far East (ECAFE) region. The report presents a background formation on the importance of intraregional trade and payments, the exchange systems of the countries concerned, and banking relationships within the region. Balance of payments statistics of the ECAFE countries are not available in a form that would permit the calculation of intraregional payments for both trade and nontrade transactions. As far as nontrade transactions are concerned, there is reason to believe that the intraregional proportion is low. Although several countries of the ECAFE region have bilateral payments agreements with countries outside the region, especially with Eastern European countries, little of the trade among countries of the region is conducted under bilateral payments agreements. A mandatory system of clearing may be established by mutual agreement of the participating members. Alternatively, each member could retain the freedom to decide whether it would require all transactions to be settled through the clearing union or would leave it to traders to choose what they regard as the most advantageous method of settlement.

Balance of payments --- Banking --- Banks and Banking --- Banks and banking --- Banks --- Business Taxes and Subsidies --- Capital flows --- Capital movements --- Consumption taxes --- Currencies --- Depository Institutions --- Exports and Imports --- Government and the Monetary System --- International economics --- International Investment --- Long-term Capital Movements --- Micro Finance Institutions --- Monetary base --- Monetary economics --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Monetary Systems --- Money and Monetary Policy --- Money supply --- Money --- Mortgages --- Payment Systems --- Public finance & taxation --- Public Finance --- Regimes --- Revenue administration --- Revenue --- Sales tax --- Sales tax, tariffs & customs duties --- Spendings tax --- Standards --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- United States