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IMF
The IMF is an international organization of 183 member countries, established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
Since the IMF was established in 1946, its purposes have remained unchanged but its operations — which involve surveillance, financial assistance, and technical assistance — have developed to meet the changing needs of its member countries in an evolving world economy.
more about the IMF ...
The purposes of the International Monetary Fund are:
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To promote international monetary cooperation through a
permanent institution which provides the machinery for consultation
and collaboration on international monetary problems.
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| (ii) |
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To facilitate the expansion and balanced growth of
international trade, and to contribute thereby to the promotion and
maintenance of high levels of employment and real income and to the
development of the productive resources of all members as primary
objectives of economic policy.
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| (iii) |
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To promote exchange stability, to maintain orderly exchange
arrangements among members, and to avoid competitive exchange
depreciation.
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| (iv) |
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To assist in the establishment of a multilateral system of
payments in respect of current transactions between members and in
the elimination of foreign exchange restrictions which hamper the
growth of world trade.
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| (v) |
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To give confidence to members by making the general resources of
the Fund temporarily available to them under adequate safeguards,
thus providing them with opportunity to correct maladjustments in
their balance of payments without resorting to measures destructive
of national or international prosperity.
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| (vi) |
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In accordance with the above, to shorten the duration and
lessen the degree of disequilibrium in the international balances of
payments of members.
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The Fund shall be guided in all its policies and decisions by the
purposes set forth in this Article.
East-West Debt has made every effort to ensure the accuracy of this publication.
Neither the company nor any contributor can accept any responsibility for -including but not limited to- errors, omissions, opinions or advice given. This publication is not a substitute for professional advice and all information is for guidance only.
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