The International Monetary Fund (Imf)

The Inter topic Monetary fund INTRODUCTION IMF is a forum of rural atomic number 18aal economic policies, international monetary and financial administrations, Which involves active duologue with each member Country. When there is a country where has a serious finance problem, other countries loan the money for the silly country. IMF is a kind of association among the countries to prepare the situation when the nation bank of country is bankrupted. IMF is an administrative unit that is international in nature and whose objective is to regulate and administer the financial system of the world. HISTORY OF IMF The International Monetary Fund Was created in 1944, at the Bretton Woods conference to prevent the kinds of chain reaction in the economic system that caused world currencies to collapse like in the Great Depression of the 1930s. Bretton wood agreement was contracted in 1944 and IMF was created in 1946. IMF started to make service with IBRD (international bank of reconstruction and development) in 1947. The IMF was created to support orderly international currency exchanges and to help nations having commensurateness of payment problems through short term loans of cash. ABOUT IMF IMF home office is in Washington D.C , U.S.A Five largest shareholders are linked States, Japan, Germany, France, United Kingdom.

China, Russia, and Saudi Arabia have their own seats on the Board. 16 other Executive Directors are elected for two year terms by groups of countries, known as Constituencies. Total quotas of $312 one thousand million; outstanding loans of $71 billion to 82 countries (According to the report of imperious 31, 2005). IMF is an organization of 186 countries. GROWTH IN IMF MEMBERSHIP (1945-2003) In the root word 29 member countries Today, 186 member countries. Staff of about 2680 persons. Two-thirds are economists in 139 countries. Headquarters in Washington, D.C. PURPOSES OF IMF IMF promote international monetary... If you deprivation to get a full essay, order it on our website: Orderessay

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