Agendum No. 669E: The Bretton Woods Agreements
I am directed to refer to the discussion which took place in
Cabinet yesterday in relation to the above subject. [1]

Cabinet approved that the following recommendation be made to the
Federal Parliamentary Labor Party:-

that Australia will join the International Monetary Fund and the
International Bank for Reconstruction and Development, but, at the
same time, makes clear to Britain, the United States and other
interested countries, that the Australian Government regards the
fund and the bank and the International Trade Organisation as
being closely linked, and that the Government will review the
question of continuing Australian membership of the fund and the
bank when the outcome of the International Trade Organisation
discussions is known. [2]