4. Fast facts
Formation 27 Dec 1945 Head
Quarter Washington D.C united states
membership 189
official language English
Managing Director
main organ Board of governors
staff 2600
website www.imf.org
5. HistoryHistory
At the end of world war second different countries realized
that there must be a common international forum for
achieving economy cooperation, promoting international
trade and providing help to needy nations during emergency.
Because world war second had adverse effect on global
economy.
At the end of world war second different countries realized
that there must be a common international forum for
achieving economy cooperation, promoting international
trade and providing help to needy nations during emergency.
Because world war second had adverse effect on global
economy.
6. To remedy the situation an international monetary conference
was convened in 1944, at Bretton woods New Hampshire in
America.
It was attended by the representatives of 44 countries.
It was decided in the conference to set up IMF and IBRD for
the economic development of all countries.
So IMF was found on 27th
December 1945.
19. Statistics department:
Develops internationally accepted methodologies
and standards. Provides technical assistance and
training to promise best practices in the
dissemination of economic and financial statistics.
Statistics department:
Develops internationally accepted methodologies
and standards. Provides technical assistance and
training to promise best practices in the
dissemination of economic and financial statistics.
20. Organizational structure of IMFOrganizational structure of IMF
Board of Governors:
Executive Board:
Managing Director:
Board of Governors:
Executive Board:
Managing Director:
23. Managing Director:
The IMF is led by a managing director, who is head
of the staff and serves as Chairman of the Executive
Board.
Historically the IMF's managing director has been
European and the president of the World Bank has
been from the United States.
Managing Director:
The IMF is led by a managing director, who is head
of the staff and serves as Chairman of the Executive
Board.
Historically the IMF's managing director has been
European and the president of the World Bank has
been from the United States.
24. What does it do?
• Surveillance
• Lending
• Technical assistance
27. Lending
- IMF lending enables countries to rebuild their international
reserves; stabilize their currencies; continue paying for imports; and
restore conditions for strong economic growth.
- IMF does not lend for specific projects.
- It eases the adjustment policies and reforms that a country
must make to correct its balance of payments problem and
restore conditions for strong economic growth.
28. Technical assistance
• It supports the development of the
productive resources of member
countries by helping them to effectively
manage their economic policy and
financial affairs.
• About 90 percent of IMF technical
assistance goes to low and lower-middle
income countries, particularly in Asia.
29. Similarities between IMF and World BankSimilarities between IMF and World Bank
Owned and directed by governments of
member nations.
Almost every country on earth is a
member of both institution.
Both concern themselves with
economic issues.
Both focuses on broadening and
strengthening the economies of their
member nations.
Hold joint annual meeting.
Headquartered in washing D.C. USA.
31. conclusionconclusion
The IMF works to foster global growth and economic
stability.
It provides policy advice and financing to members in
economic difficulties.
IMF helps the developing nations to reduce poverty.
This is essential for sustainable economic growth and
raising living standards.
It is an international financial institution which deals
mainly with balance of payments, exchange rate, and
international monetary concern.
The IMF works to foster global growth and economic
stability.
It provides policy advice and financing to members in
economic difficulties.
IMF helps the developing nations to reduce poverty.
This is essential for sustainable economic growth and
raising living standards.
It is an international financial institution which deals
mainly with balance of payments, exchange rate, and
international monetary concern.