International Monetary Fund
Manuela loaiza García
Maria Teresa Rueda
What it is?
Definition
DEFINITION
Component 3
Component 1
Component 2
INTERNATIONAL MONETARY FUND
Is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
CREATION
Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.
CREATION
MISSION
The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other.
What Does?
SUPERVISION
FUNCTIONS
To maintain stability and prevent crises in the international monetary system, the IMF reviews economic policies applied by member countries, as well as the national, regional and global economic and financial situation through a formal monitoring system. It provides advice to member countries and promotes policies that aim to promote economic stability.
FINANCIAL ASSISTANCEN
Providing loans to member countries that are exposed to balance of payments problems or are already experiencing them is one of the IMF's main functions.
CAPACITY BUILDING
The IMF provides technical assistance and training to help member countries establish better economic institutions and strengthen the human capacities they require.
HOW YOU GET YOUR RESOURCES
RESOURCES
The main source of the IMF's financial resources is the quotas of the member countries, which in general terms reflect the size and relative position of the countries in the world economy.
RESOURCES
ORIGINAL PURPOUS
• Promote international monetary cooperation.
• Facilitate the expansion and balanced growth of international trade.
• Promote exchange stability.
• Help establish a multilateral payment system.
• Make (with adequate guarantees) resources available to member countries experiencing imbalances in their balance of payments.