In the years after the collapse of Bretton Woods, the IMF reinvented itself as a principle vehicle for managing the surpluses that followed the oil price shocks of the 1970’s. It borrowed from the new surplus countries, which thus partly managed their new assets through the intermediation of the IMF.
在布雷顿森林体系崩溃后的十年里，IMF重新化身为1970年代石油价格震荡所带来的储备盈余的首要管理机构。它向新兴的盈余国家借款，后者也由此通过IMF的调节在一定程度上管理新资产。其结果就是该组织能向受到石油价格提升冲击的国家发放贷款。