International Financial Management
International
Monetary Fund

History
International Monetary Fund

 Great Depression
 Decline In World Trade
 The Second World War
 Bretton Woods
International Financial Management
International Monetary Fund (IMF)

The International Monetary Fund (IMF) was established at
a United Nations Monetary and Financial Conference, also
known as Bretton Woods Conference, primarily by the
ideas of Harry Dexter White and John Maynard Keynes, on
22 July 1944 as an organ under the UN System with 44
founding members countries. The IMF headquarters is
located in Washington D.C., U.S.A. Today, its members 190
countries.

 IMF Is Established For Promoting
 Expansion Of Trade
 Economic Growth
 Multilateral System Of Payments
 Reducing Balance Of Payments Difficulties

IMF
Objective & Function

OBJECTIVES:
i. International monetary cooperation
ii. To ensure stability in foreign exchange rates
iii. To promote international trade
iv. To promote investment of capital in backward and underdeveloped
countries
v. To eliminate or reduce the disequilibrium in the balance of payments

Functions:
i. Currency reservoir
ii. Advisory and technical assistance
iii. Establishment of a monetary reserve fund
iv. To set up of a multilateral trade and payment system
v. Check on competitive currency devaluation