Introduction

to
the
International
Monetary FundIngles II
Agustin Baldo

Why the IMF was created

and how it works
Was conceived at a UN conference in
Bretton Woods, New Hampshire, United
States, in July 1944.
build a framework for economic
cooperation to avoid a repetition of the
competitive devaluations that had
contributed to the Great Depression of
the 1930s.
The IMF's primary purpose is to ensure
the stability of the international
monetary system.
Membership:188 countries
Headquarters:Washington, D.C.

Why the IMF was created

and how it works
Original aims:
promote
international
monetary
cooperation;
facilitate the expansion and balanced
growth of international trade;
promote exchange stability;
assist in the establishment of a
multilateral system of payments;
make
resources
available
to
members experiencing balance of
payments difficulties.

Why the IMF was created

and how it works
The IMFs fundamental mission is to
ensure the stability of the international
monetary system.
It does so in three ways:
1.keeping track of the global economy
and the economies of member countries;
2.lending to countries with balance of
payments difficulties;
3.giving practical help to members.

Why the IMF was created

and how it works

Governance Structure
The IMF has evolved along with the
global economy throughout its 70-year
history, allowing the organization to
retain
a
central
role
within
the
international financial architecture.
Country Representation
Unlike the General Assembly of the
United Nations, where each country has
one vote, decision making at the IMF was
designed to reflect the relative positions
of its member countries in the global
economy. The IMF continues to undertake
reforms to ensure that its governance
structure adequately reflects fundamental