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The International Monetary Fund (IMF)

By: Rohan Bhatia and Rahul Swaminathan. The International Monetary Fund (IMF). Purpose. To foster e conomic growth and stability through trade To grant e conomic opportunities and cope with e conomic challenges To maintain orderly exchange rates. Yeah…but what does it do?.

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The International Monetary Fund (IMF)

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  1. By: Rohan Bhatia and Rahul Swaminathan The International Monetary Fund (IMF)

  2. Purpose • To foster economicgrowth and stability through trade • To grant economic opportunities and cope with economic challenges • To maintain orderly exchange rates

  3. Yeah…but what does it do? • Gives Policy advice • Administers loans • Provides technical aid

  4. The Age of the Organization • Created 60 years ago • Meant to build economic framework • Broader scale • Recently has increased its lending power and flexibility

  5. Important Documents • Articles of Agreement of the International Monetary Fund • 1944/1945 • Lays out the purposes and operating guidelines of the IMF

  6. Who makes the IMF what it is • 1). International Monetary and Financial Committee • 2). Board of Governors • 3). Joint IMF- World Bank Development Committee • 4). Executive Board • 5). Independent Evaluation Office • 6). Managing Director

  7. Who makes the IMF what it is (cont.) A). Board of Governors • Highest decision-making body • One governor and one alternate governor for each member country • Has final say • Meets once a year • All members are appointed

  8. Who makes the IMF what it is (cont.) B). Executive Board • Conduct day to day affairs • 24 elected/appointed officials

  9. Who makes the IMF what it is (cont.) C). Independent Evaluation Office • Conducts objective evaluation of policy • Promotes the learning culture in the IMF

  10. Is it really great? Yes. • A last resort assurance and lender • Provides necessary objective help • External point of view

  11. Is it really great? No. • Assumes that one solution always applies • Lessens social services

  12. The IMF on a Global Scale • Promotes the Dependency Theory • Induces moral hazard

  13. Works Cited • Good governance: the imf. N.p., n.d. Web. 26 Mar 2012. <http://www.imf.org/external/pubs/ft/exrp/govern/govindex.htm>.International monetary fund: About the imf. N.p., 2010. Web. 26 Mar 2012. <http://www.imf.org/external/index.htm>."The Origins of the IMF and World Bank." Global Exchange. N.p., n.d. Web. 26 Mar 2012. <http://www.globalexchange.org/resources/wbimf/origins>.

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