Resolution regarding the 1974 meeting of the Boards of Governors of the International Monetary Fund and the World Bank Group.

Expresses the sense of the Senate that: (1) the present economic situation demands greatly increased international economic cooperation among nations; (2) the International Monetary Fund be supported in its efforts to discourage unilateral economic actions which could affect other nations' economic situations adversely, including its guidelines for government management of floating exchange rates and its promotion of the Voluntary Declaration on Trade Measures; (3) the annual meetings should give urgent and detailed consideration to the adequacy of present and proposed international facilities for providing necessary financing to oil importing nations, in view of both the short-term and long-term economic prospects of these nations; (4) the annual meetings should recognize fully the emergency needs of the poorest oil importing nations; and (5) other types of international cooperation to help alleviate the present economic situation should continue to be pursued vigorously.