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This paper explains the primary aim behind the founding of the IMF. The IMF is a cooperative institution that 181 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money can take place between countries smoothly and without delay. The IMF lends money to members having trouble meeting financial obligations to other members, but only on condition that they undertake economic reforms to eliminate these difficulties for their own good and that of the entire membership.
An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF’s lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world’s poorest countries. Revised in August 2006.
An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world's poorest countries. Reprinted in 2003. Revised July 2004.
This paper describes the functions, policies, and operations of the IMF. The IMF is an independent international organization, and is a cooperative of 185 member countries, whose objective is to promote world economic stability and growth. The member countries are the shareholders of the cooperative, providing the capital of the IMF through quota subscriptions. In return, the IMF provides its members with macroeconomic policy advice, financing in times of balance-of-payments need, and technical assistance and training to improve national economic management.
An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world's poorest countries. Reprinted in 2003. Revised July 2004.
This book provides a definitive account of the recent history of the International Monetary Fund, and the successes it has enjoyed since it was founded. With fascinating contributions by current and former IMF staff members, this book offers a unique insight into the workings of the organization and explores how it has benefited many.
This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
There is no shortage of opinion about the International Monetary Fund (IMF). Some see it as the agent of austerity, being manipulated by wealthy nations and forcing poorer countries to pursue economic policies that suppress growth and development. A sharply contrasting view regards it as bailing out such countries with large amounts of soft finance, allowing them to avoid necessary adjustment. The challenge is to evaluate the alternative arguments and to distinguish reality from rhetoric. In this book, the authors undertake a careful and detailed empirical analysis of the underlying issues, covering participation in IMF programs, their implementation and effects on economic growth, and on th...