MADHAV BHATE 63 MIHEER SHINDE - 107 ROHIT RUKE - 101 HARSH VED - 119

It is an organization of 186 countries, working to foster global monetary co-operation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty. IMF is the most detailed attempt to Organize the conduct of International Monetary Affairs.

MEMBER COUNTRIES BOARD OF GOVERNORS EXECUTIVE BOARD

IMF MANGING DIRECTORS

FIRST DEPUTY MD

There are 2 types of members

ORGINAL MEMBERS

Ordinary members
(Bank has the authority to suspend any member and similarly every member is free to resign.)

QUOTAS AND THEIR FIXATION ON JOINING , THE CONTRIBUTION SHOULD BE 25% IN FORM OF MAJOR CURRECY(USD,GBP,EURO) & REST 75% IN THEIR DOMESTIC CURRENCY. STRONG CURRECNCY IS SELSCTED EVERY 3MONTHS BASED ON ITS VALUATION. FUND BORROWINGS

INTERNATIONAL MONETORY COOPERATION TO FACILITATE EXPANSION AND BALANCED GROWTH OF INTERNATIONAL TRADE TO PROMOTE EXCHANGE STABILITY GENERATING HIGHER EMPLOYMENT AND INCOME ABOLITION OF OF EXCHANGE RESTRICTION

Determining the rate of exchange by every country Fund Lending Credit Tranches A Central Banks Bank Trading and Technical Assistance Consultancy Role

INTERNATIONAL MONETARY COOPERATION EXCHANGE STABILITY CHECKING COMPETITIVE DEPRECIATION INCREASED IN CAPITAL RESOURCES EXPANSION OF TRADE GURANTEE AGAINST COMPETITIVE DEVALUATION

Many observers comment on the fact that the IMF has a one size fits all mentality, that whatever the situation the IMF prescribes basically the same set of policies. IMF does not monitor the impact of its decision on the poor. IMF has no effective authority over the domestic economic policies of its members

Financial assistance from the fund loan given by IMF to INDIA YEAR 1991 1994 1996 1998 2000 26

IN 2,623 5,040 2,374 664 MILLIO N$

Helps in foreign exchange crisis Freedom from sterling Membership of the world bank Economic consultation