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In November 1981 Hungary and, one week later, Poland applied for membership of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank). These applications have highlighted a subject which had been neglected for quite some time. This analysis deals with the problems and consequences which arise from the membership of countries of the Council for Mutual Economic Assistance (Comecon)\u2014the economies of which largely conform to principles of central economic planning\u2014in IMF, an institution organized according to market principles

The IMF and the countries of the Council for Mutual Economic Assistance