The International Monetary Fund (IMF) is an organization of 188 countries that works to foster global monetary cooperation and secure financial stability. It facilitates international trade, promotes high employment and sustainable economic growth, and reduces poverty worldwide. The IMF provides loans to countries with balance of payments difficulties, technical assistance to help countries manage their economies, and oversight of the international monetary system. Key functions include surveillance of global and national economies, lending through programs like credit tranches, and training/technical assistance. The IMF collaborates with other international institutions while pursuing its fundamental mission of helping ensure stability in the international economic system.

1. INTERNATIONAL
MONETARY FUND
Submitted by- Saikumar Gandhaphule

2. What Is IMF?
International Monetary Fund (IMF) is an
organization working to foster global monetary
cooperation, of 188 countries to :
Secure financial
stability.
Facilitate
international
trade.
Promote high
employment.
Sustainable
economic
growth.
Reduce poverty
around the
world.
Organization formed with a stated objective of stabilizing international exchange rates and
facilitating development.

3. HISTORY
 The IMF came into existence on 27 December 1945.
 On 1 March 1947, the IMF began its financial operations
 on 8 May France became the first country to borrow
from it.
 Greek government agreed to adopt austerity measures
that would reduce the deficit from 11% in 2009 to "well
below 3%" in 2014.
 As of January 2012, the largest borrowers from the IMF
in order were Greece, Portugal, Ireland, Romania,
and Ukraine.
 At the end of March 2014, the IMF secured an $18
billion bailout fund for the provisional government of
Ukraine

4. How IMF Help Member Countries
• When a country joins the IMF, it
agrees to subject its economic
and financial policies to the
FUND.
SURVEILLANCE
• Lending to countries with
balance of payments
difficulties
• Financial assistance to
countries to meet International
Payments
LENDING
• To assist mainly low- and
middle-income countries
in effectively managing
their economies
TECHNICAL
ASSISTANCE

5. Functional Departments Of IMF
Finance
Department
Fiscal Affairs
Department
Monetary and
Capital
Markets
Department
Legal
Department
Strategy, Policy,
and Review
Department
Research
Department
Statistics
Department

6. THE IMF'S AIM AND MAIN FOCUS
The IMF's fundamental mission is to help ensure
stability in the international system. It does so in three
ways:
keeping track of the global economy and the
economies of member countries
Lending to countries with balance of payments
difficulties
Giving practical help to members.

7. PROGRAMS THE IMF OFFERS
 The IMF provides loans to countries that have
trouble meeting their international payments and
cannot otherwise find sufficient financing on
affordable terms.
 The IMF provides concessional loans to low-income
countries to help them develop their economies and
reduce poverty.
 The IMF oversees the international monetary
system keeps track of economic developments on a
national, regional, and global basis, consulting
regularly with member countries and providing them
with macroeconomic and financial policy advice.

8. COLLABORATING WITH OTHER INSTITUTIONS
 The IMF collaborates with
 the World Bank,
 the regional development banks,
 the World Trade Organization,
 United Nations agencies, and
 other international bodies.
Each of these institutions has its own area of responsibility
and specialization and its particular contribution to make
to the world economy.

9. FUNCTIONS OF IMF
 Surveillance (like a doctor) Gathering data and assessing
economic policies of countries.
 Technical Assistance (like a teacher) Strengthening human
skills and institutional capacity of countries.
 Financial Assistance (like a banker) Lending to countries to
support reforms .
 DETERMINING THE RATE OF EXCHANGE BY EVERY
COUNTRY
 FUND LENDING
 CREDIT TRANCHES
 A CENTRAL BANK’S BANK
 TRAINING AND TECHNICAL ASSISTANCE
 CONSULTANCY ROLE

10. QUOTAS & VOTING

11. MEMBERSHIP
 There are two types of members:
1) ORIGINAL MEMBERS: All those countries whose
representatives took part in BRETTONWOODS
CONFERENCE and who agreed to be the members of
the fund prior to 31st December,1945.
2) ORDINARY MEMBERS: All those who became its
members subsequently.
*BANK has the authority to suspend any member and
similarly every member is free to resign.

12. PROCESS OF IMF LENDING
 IMF Loans are usually granted under an
“ARRANGEMENT”.
 The Executive Board Of The Fund has to approve
all arrangements.
 These arrangements are based on the economic
program formulated by the concerned country in
consultation with the Fund.
 Then they are presented to the Executive Board of
the Fund in a “Letter of Intent”.
 Loans are released in phased installments as the
program is carried out.

13. THANK YOU..!