exchange rate pol.icies nore effectlve. The rMF expressed the hope that progress ona number of these issues \douId be achieved during the meetings, thus enabringsubsequent decisions to be taken for strengthening international econonicco-operation. r32. The meetings of the two comnittees were held from 17 to 19 Aprir rgg5. Thefollowing paragraphs summarize the communiquds issued at their conclusion. 133. The communiqu6 of the rnterim comftiteee addressed three main areas: worldeconooic ptospeccs, the debt probt;m -t;e-tE; international monetary system.concerning economic prospects, the committee stressed the need for action,especiallt by industrial countries, to free r.rorrd trade, reduce fiscal ateficits.improve the functioning of markets and prevent misalignnents in exchange rates. Ondebt, lhe commi.ttee advocated appropriate adjustment poricies by debtors and ar.soadequate new lending and nulti-year reschedurings by creditors, rn that respecc.close collaboration between the Fund and the worLal Bsnk for supporting adjustmentprogrammes and financial flows rras envisaged. Regarding the international monetarysystem, the importance of effective Fund surveirrance over the policies of alrmembers was emphasized. The committee could not reach an agreement on the proposalfor SDR allocation but agreed to consider the matter at its next meeting.Proposals for the improvement of the international nronetary systen were underreview and would be taken up at its next session-
**Analysis**
The text appears to be discussing economic issues, specifically international monetary policies, exchange rates, and debt. It mentions the need for cooperation and agreement among countries, and the role of organizations such as the International Monetary Fund (IMF) and the World Bank. The language used is technical and formal, suggesting a focus on economic development and policy-making.

**Category**
International trade, Economic development