IMF
27 December 1945
International Monetary Fund

What is the IMF?

IMF headquarters is in Washington D.C , U.S.A

Why was it created?
The IMF was conceived in
July 1944, when
representatives of 45
governments meeting in
the town of Bretton
Woods, New Hampshire,
in the northeastern United
States, agreed on a
framework for
international economic
cooperation.

On October 1, 2019, Kristalina
Georgievawas named Managing
Director of the IMF

RESOURCES OF IMF

FUNCTIONS
• Helping in international trade, that is business
between countries
• Looking after exchange rates
• Looking after balance of payments
• Helping member countries in economic
development
• It also provides a machinery for international
consultations.

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.

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 sub-Saharan Africa
and Asia.