ABSTRACT
The experiences of Soviet Bloc states are noteworthy because they provide an example of the attitude of the Bank and the Fund toward members with non-capitalist forms of economic organization, and consequently, an indication of the extent to which political considerations enter into Bank and Fund decisions to lend. The Soviet Union, as the only officially socialist state represented at Bretton Woods, was an active and vocal participant in the proceedings which led to the formation of the International Monetary Fund and the International Bank for Reconstruction and Development. Among the 44 countries invited to participate at the United Nations Monetary and Financial Conference held at Bretton Woods, New Hampshire in July, 1944, were the Soviet Union, Poland, and Czechoslovakia. The Soviet Union asked for special consideration when the Fund calculated the Soviet's monetary reserves. Funds for reconstruction were a primary goal of the Soviets in the Bretton Woods deliberations.
