cooperation

ii) Expansion and balanced growth of

international trade

payments and eliminate foreign

exchange restrictions

v) Make resources of the Fund available

to members

vi) Shorten the duration and lessen the

degree of disequilibrium in international

Technical Assistance

IMF decides on the quota for each member

Richer countries have larger quota

The member's voting power in institutional decision making (along with basic votes);

The level of access of the member to IMF financing;

3 times the amount of its quota, if this is not sufficient

International Development Association (IDA)

International Finance Corporation (IFC)

Multilateral Investment Guarantee Agency (MIGA)

The first step of the World Bank towards the accomplishment of the task is debt relief.

E.g World Bank’s support to a Brazilian Dictator

HQs of IMF & WB both in Washington DC.

Internal: Privatization, Deregulation

External: International Policies etc…

Highly Sensitive- Asian Crisis 1997, Argentina,

Soverignity

Voluntary Reforms

Agri Reforms

Policies linked with Loans

Quotas: Only Big Daddies

Restructuring Bankrupt Firms

Moral Hazard

SDR: