ABSTRACT

The International Monetary Fund and the International Bank for Reconstruction and Development were designed in 1944 to facilitate the operation and growth of the international economy. When the organizations began operations in 1945, only three Soviet Bloc countries appeared on the membership roster, despite both institutions' professed goal of universal membership. By 1955, only one Communist country remained, Yugoslavia, and in 1979 total Soviet Bloc membership numbered only two. It was the purpose of this analysis to examine the experiences of the five Soviet Bloc states which have been members of the IMF and IBRD as examples of the operations of political factors in Bank and Fund policies and decisions to lend.