text: in the Worlal Bank are aimed at reaching an understanding a rnong Governnents on creating the agency on a voluntary basis. D. International rbnetary r ela gions 46. rn the context ot imnediate measures in favour of the developing counEries' a number of proposals concerning international monetary relations have been put forward. Among the relevant otgtn", organizations and bodies of the united lilatlons system' the most force€ully and frequently argued proposal is that a developmental or structural approach should be taken to the adjustment of ba lance-of-paymentg alisequilibria of developing countries, In support of this approach, the world BankA/ 40 /597 English Page 14 has for some time operated its programme of scructural adjustnent lending (SAt) rand tbe IMF has rnade available its Extended Fund Facilify (EFF) as well as. in anearlier period, lending to lorr-income countries fron its Trust Fund. While the Bank has continued to accord a higb priority to SAL, the fMF arranged its last exeended arrangernent using EFF resources in 1983. The Fund,a adjustment progrannes have instead been concentrated on shorter-tern stand-by arrangenents employing whatis acknonledged to be raeher stringent conditionality. fn additi-on, in Novenber 1984 the rMF Executive Board reduced the linits on borrouing for l9B5under its Enlarged Access policy. This rra s the second cut-back in as nany years,and a further rer'iet.' of fbe policy and i.ts limitat.ions on borrowing is scheduled totake place in I98 5.
analysis: The text appears to be discussing international economic policies and institutions, specifically the World Bank and the International Monetary Fund (IMF), and their approaches to addressing balance-of-payment issues and structural adjustment in developing countries. The language used is technical and focused on economic concepts, suggesting that the text is primarily related to economic development.