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IMF describes itself as "an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty". The primary mission of the IMF is to provide financial assistance to countries that experience serious financial difficulties. Member states with balance of payments problems may request loans and/or organizational management of their national economies. In return, the countries are usually required to launch certain reforms, an example of which is the "Washington Consensus". These reforms are generally required because countries with fixed exchange rate policies can engage in fiscal, monetary, and political practices which may lead to the crisis itself. For example, nations with severe budget deficits, rampant inflation, strict price controls, or significantly over-valued or under-valued currencies run the risk of facing balance of payment crises in their future. Thus, the structural adjustment programs are at least ostensibly intended to ensure that the IMF is actually helping to prevent financial crises rather than merely funding financial recklessness.

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โˆ™ 2009-07-29 15:19:56
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Q: What are the functions of the International Monetary Fund?
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When did the International Monetary Fund come into existence?

In 1946 in Washington, D.C., the international organization to monitor the new international monetary system came into existence--the International Monetary Fund (IMF).

Does IMF stand for International Money Fund?

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One of the roles of International Monetary Fund is to provide loan to the international importer who do not have immediate cash to pay with.

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David D. Driscoll has written: 'What is the international monetary fund?' -- subject(s): International Monetary Fund, International finance

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Where is the The Headquarter of the International Monetary Fund?

Washington DC

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What are the sources of International Monetary Fund funds?

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Sarah Tenney has written: 'Historical dictionary of the International Monetary Fund' -- subject(s): International finance, Dictionaries, International Monetary Fund, History

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Function of international monetary fund?

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