At least annually, a team of IMF staff members visits each member country for two weeks.
IMF is the International Monetary Fund, which is an organization of several countries to facilitate economic growth. An IMF quota is the amount of money which each member country is required to give to the IMF.
To join the IMF, a country must deposit a sum of money called a quota subscription, the amount of which is based on the wealth of the country's economy.
Quotas are reconsidered every five years and can be increased or decreased based on IMF needs and the prosperity of the member country.
The International Monetary Fund (IMF) shareholders are the member countries, each of which contributes funds to the organization. There are currently 190 member countries in the IMF. The contributions from member countries determine their voting power and influence within the organization.
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The organization of the IMF has at its top a board of governors and alternate governors, who are usually the ministers of finance and heads of central banks of each member country.
The borrowing country must produce a plan of reform that will overcome the payments problem.
If the country still cannot meet its payments obligations it can, ultimately, borrow up to three times its original quota payment.
Yes, India is a member of the IMF.
The IMF has created various loan facilities such as the Trust Fund to provide loans to its poorest member countries.
Brazil joined the IMF on January 14, 1946. The International Monetary Fund (IMF) is currently an organization of 186 countries that's headquartered in Washington, D.C. IMF came into existence in December 1945 with the signing of its Articles of Agreement by its 29 original member countries.For more information, go to www.imf.org.