The Imf Short Notes`

Topics: International Monetary Fund, Bretton Woods system, International economics Pages: 6 (973 words) Published: August 11, 2011
OUR HISTORY
July 1944 (Bretton Woods, New Hampshire, USA) conceived at a UN conference. * 1944 – 71 Cooperation and Reconstruction
* 1972 – 81 End of the Bretton Woods System
* 1982 – 89 Debt and Painful Reforms
* 1990 – 2004 Societal Change for Eastern Europe and Asian Upheaval * 2005 – Present Globalization and Crisis
WHY WE WERE FORMED
“To build a framework for economic cooperation that would avoid a repetition of the vicious circle of competitive devaluations that had contributed to the Great Depression of the 1930s.”
PURPOSE & OBJECTIVES
* promoting international monetary cooperation
* facilitating the expansion and balanced growth of international trade * promoting exchange stability
* assisting a multilateral system of payments
* making resources available to members experiencing BOP difficulties OUR ORG. STRUCTURE AND GOVERNANCE
Board of Governors
Ministerial Committees
IMF Committee
Development Committee
Executive Board
KNOW HOW TO BECOME A MEMBER
Subscriptions
Voting Power

OUR HISTORY
July 1944 (Bretton Woods, New Hampshire, USA) conceived at a UN conference. * 1944 – 71 Cooperation and Reconstruction
* 1972 – 81 End of the Bretton Woods System
* 1982 – 89 Debt and Painful Reforms
* 1990 – 2004 Societal Change for Eastern Europe and Asian Upheaval * 2005 – Present Globalization and Crisis
WHY WE WERE FORMED
“To build a framework for economic cooperation that would avoid a repetition of the vicious circle of competitive devaluations that had contributed to the Great Depression of the 1930s.”
PURPOSE & OBJECTIVES
* promoting international monetary cooperation
* facilitating the expansion and balanced growth of international trade * promoting exchange stability
* assisting a multilateral system of payments
* making resources available to members experiencing BOP difficulties OUR ORG. STRUCTURE AND GOVERNANCE
Board of Governors
Ministerial Committees
IMF Committee
Development Committee
Executive Board
KNOW HOW TO BECOME A MEMBER
Subscriptions
Voting Power

Access to Financing
Special Drawing Rights
OUR KEY DECISION MAKING PROCESSES
Quotas- ultimate basis for the IMF’s-decision making process by the size of subscriptions paid by the member countries OUR PROJECTS, ACTIVITIES, INITIATIVES
PROJECTS
ACTIVITIES
* policy advice to governments and central banks
* research, statistics, forecasts, and analysis
* loans
* concessional loans
* Technical assistance and training
BENEFITS OF BEING A MEMBER
* SURVEILANCE - regular monitoring of economies
* TECHNICAL ASSISTANCE - providing technical assistance and training * PROVIDE LOANS - core responsibility of the IMF IMF that provide loans to member countries experiencing actual or potential balance of payments problems

CONCESSIONAL LOANS - 0 Interest rates until end of 2011
Extended Credit Facility (ECF) - support to LICs protracted BOPs
Standby Credit Facility (SCF) - assistance to LICs with short-term BOP needs
Rapid Credit Facility (RCF) - assistance with limited conditionality to LICs facing an urgent BOP need

Access to Financing
Special Drawing Rights
OUR KEY DECISION MAKING PROCESSES
Quotas- ultimate basis for the IMF’s-decision making process by the size of subscriptions paid by the member countries OUR PROJECTS, ACTIVITIES, INITIATIVES
PROJECTS
ACTIVITIES
* policy advice to governments and central banks
* research, statistics, forecasts, and analysis
* loans
* concessional loans
* Technical assistance and training
BENEFITS OF BEING A MEMBER
* SURVEILANCE - regular monitoring of economies
* TECHNICAL ASSISTANCE - providing technical assistance and training * PROVIDE LOANS - core responsibility of the IMF IMF that provide loans to member countries experiencing actual or potential balance of payments problems...
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