International Monitory Fund

Topics: World Bank, International Monetary Fund, Bretton Woods system Pages: 4 (900 words) Published: March 15, 2013
Assignment
On

Course name: Introduction to Development Studies (101)

Submitted to:
S. M Humayan Kabir
Course teacher
Development Studies
University of Dhaka.

Submitted by:
Md. Imran Ahsan
6th batch,1st semester,
Development Studies
University of Dhaka.
Date of submission: 11th February, 2013

Index

Subjectpage

I. IMF organization chart……………………………………….. 03 II. Foundation & Purpose of IMF………………………………… 04 III. IMFActivities…………………………………………………. 05 IV. Criticism & References …………………………………………. 06

The International Monetary Fund is an international organization. There are 188 member countries of IMF. It has a strong governing body. The chart of IMF has been given bellow-

Source:http://www.imf.org/external/np/obp/orgcht.htm

Foundation of IMF

International Monetary Fund is an organization created in 1945. It is an organization of 18 ion argued for a fund which could help the member nations economically, during the time of crisis, whereas the US delegation wanted a bank like institution, from where the member countries could borrow money, which would have to be repaid in time. Finally, the US view was accepted.8 countries. There is a background behind the foundation of IMF. The early years of the 20th century witnessed the “Great Depression” of the 1930s and the two World Wars. This Resulted in the collapse of the total global economic system, thereby affecting international trade. As a result, all the countries were reeling with unemployment and plummeting living standards. IMF was founded by the Bretton Woods Conference. A meeting of 730 delegates, from the 44 allied nations, was held at the Mount Washing Hotel, situated in bretton woods , New Hampshire, United states. The meeting lasted for 22 days- July 1 to 22, 1944, and the main issue was regulation of the post-war international monetary and financial order. The main debate was between the USA and...

References: * Smith, Stephen & Todaro, Michael (2008), Economic development, India: Pearson publication.
* Willis, Katie. (2006), Theories and practices of development. New York: Routledge pudlition.
* Online… Przeworski, Adam and Vreeland, James Raymond (2000) ,Journal of Development Economics. Boockmmann, Bernhard, The contribution of IMF to economic freedom. Easterly, William(2000), The effect of IMF and World Bank program on poverty.
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