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Ticino Travel on Interestingly, it is argued pressure from the U.S. government kept the IMF from intervening to assist Marshall Plan recipients with payments problems associated with trade imbalances, presumably to enhance U.S. leverage with those nations. In any event, by the late 1950s the rebuilding process had advanced sufficiently to permit European nations to restore currency convertibility, an important goal of the Bretton Woods agreement. By 1960, the dollar shortage had vanished, European nations had built sufficient currency reserves, and policymakers began to worry about the long-term viability of a system based on gold-backed U. Ticino Travel 2016.

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