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Role and function of imf

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Role and function of imf

  1. 1. Presented by:- Shiba Prasad Mohanty M.COM(BF) Sec-B
  2. 2. HISTORY  The International Monetary Fund was conceived in July 1944 originally with 45 members and came into existence in December 1945 when 29 countries signed the agreement.  IMF started to make service with IBRD in 1947.  The IMF works to improve the economies of its member countries.  The conference culminated in the creation of the famous “twins”-IMF &World bank.
  3. 3. International Monetary Fund  IMF is the intergovernmental organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the balance of payments.  It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development through the enforcement of liberalising economic policies on other countries as a condition for loans, restructuring or aid.
  4. 4. International Monetary Fund  The IMF was created to support orderly international currency exchanges and to help nations having balance of payment problems through short term loans of cash.  Its headquarters are inWashington, United States.
  5. 5. Who runs the IMF? MEMBER COUNTRIES BOARD OF GOVERNORS DEPUTY MANAGING DIRECTOR DEPUTY MANAGING DIRECTOR EXECUTIVE BOARD FIRST DPTY MANAGING DIRECTOR
  6. 6. Purposes of the IMF o Promote international monetary cooperation. o Expansion and balanced growth of international trade. o Promote exchange rate stability. o The elimination of restrictions on the international flow of capital. o Make resources of the Fund available to members
  7. 7. Purposes of the IMF o Help establish multilateral system of payments and eliminate foreign exchange restrictions. o Shorten the duration and lessen the degree of disequilibrium in international balances of payment. o Foster economic growth and high levels of employment. o Temporary financial assistance to countries to help the balance of payments adjustments.
  8. 8. ROLE OF IMF  Promoting research in various areas of international economics and monetary economics.  Providing a forum for discussion and consultation among member countries. Being in the center of competence.  Focusing on its core macroeconomic and financial areas of responsibility.  Working in a complementary fashion with other institutions established.
  9. 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
  10. 10. 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.
  11. 11. QUOTAS & VOTING
  12. 12. MANAGING DIRECTOR
  13. 13. conclusion  The IMF works to foster global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.
  14. 14. THANK YOU

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