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09 December 2005
Request:
Please disclose information relating to negotiations between the UK Government and the International Monetary Fund in 1976. In particular the documentation relating to the so-called "letter of intent" signed by Denis Healey, the then Chancellor of the Exchequer, and sent to the IMF.
Disclosure:
The International Monetary Fund made a loan to the UK Government in 1977. This release gives an insight into the process by which the loan was negotiated in late 1976. It includes the letter of intent as specifically requested. This letter sets out the conditions agreed between the IMF and the UK concerning the loan. A number of books have already been published on this issue but this FOI release has some historical interest.
Documents as per enclosed list of letters: