Money: Breaking the Ice

Everyone wanted something as the world's money managers gathered in Washington last week for the annual meeting of the International Monetary Fund. African financial chiefs approached the IMF with requests for more support. Asian delegates asked the U.S. Government to underwrite the proposed Asian development bank. Among the 2,000 moneymen from 103 nations who crowded into the Sheraton Park Hotel, such bankers as the U.S.'s David Rockefeller and Robert Roosa, Britain's Viscount Harcourt and Italy's Ettore Lolli swapped shop talk and negotiated private deals.

The U.S., which usually finds itself in the...

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