International Monetary Fund
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The International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement. It originally had 45 members. The IMF's stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post-World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and policies, the IMF works to improve the economies of its member countries. The IMF describes itself as “an organization of 188 countries (as of April 2012), working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty.” The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs. Its headquarters are in Washington, D.C.
- Related: African Monetary Fund, Conditionality, Globalization, Group of Thirty, Loan, Structural Adjustment Program, Washington Consensus, World Bank
| Official website Official website www.imf.org/external/index.htm - Web |
| IFIWatchNet IFIWatchNet ifiwatchnet.org - Web |
| IMF-Supported Macroeconomic Policies and the World... IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries www.cepr.net/documents/publications/imf-2009-10.pdf - Web |
Gallery for «International Monetary Fund»
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| Proceedings and Documents of the United Nations Mo... Proceedings and Documents of the United Nations Monetary and Financial Conference, Bretton Woods, New Hampshire, July 1-22, 1944 fraser.stlouisfed.org/publication/?pid=430 - Web |
| IMF's Effect on Third World Countries IMF's Effect on Third World Countries hdl.handle.net/10822/552581 - Web |
| IMF and Ukraine found a compromise IMF and Ukraine found a compromise bi3on.info/.../1685-imf-and-ukraine-found-a-compromise.html - Web |
