U.S. URGES SURPLUS NATIONS TO BOOST GROWTH Leading industrial nations will be reviewing the Paris agreement to stabilize exchange rates, foster increased worldwide growth and reduce trade imbalances but the U.S. thinks the accord has been successful so far, a senior U.S. Treasury official said. "The Paris accord will be reviewed at this meeting. It has been successful and continues to be succesfull," a senior U.S. Treasury official told reporters. In a briefing ahead of this week's semiannual IMF and World Bank meetings, he also said the U.S. was looking to West Germany and Japan to bolster their economic growth. The official said both surplus countries, like West Germany and Japan, and deficit countries, like the U.S., agreed to play a role in bringing about more balanced economic growth. He reaffirmed the U.S. would press ahead with efforts to reduce its budget deficit, resist protectionism and boost U.S. competitiveness. The official also said that he expected trade issues, like the dispute between the U.S. and Japan over microchips, to be included in the discussions. The official made no direct comment on the content or schedule of forthcoming Group of Five and Group of Seven discussions. He said that industrial countries are concerned that the large external imbalances remain a threat to the international monetary system. He added that the meetings will also provide an opportunity to discuss economic policy coordination efforts. The official said indicators would be used to measure policy objectives of industrial countries and their economic projections. They would also be used to assess progress of policy goals. Asked whether the U.S. was proposing a new initiative regarding the indicators, the official said the issue would be reported to the Venice Summit in June. Monetary sources said the U.S. proposal envisages using the indicators to make policy coordination agreements, like the Paris Accord, more binding.