INTERNATIONAL MONETARY FUND

By JAFAR SADIK N

The pricipal aim was to avoid the economic mistakes of the 1920s and 1930s .ORIGIN OF IMF It is an international monetary institution established by 44 nations under the Bretton Woods Agreement of July 1944.

To promote exchange stability.To promote international monetary cocooperation through a permanent institution which provides the machinery for consumption and collaboration in international monetary problems. 2. 3.To facilitate the expansion and balanced growth of international trade.OBJECTIVES OF FUND 1. .

To lend confidence to members by making the funds resources available to them under adequate safeguards.To shorten the duration and lessen the degree of disequilibrium in the international balance of payments of members. 6. To assist the establishment of multilateral system of payment. 5.OBJECTIVES OF FUND 4. .

3. .FUNCTIONS OF THE FUND 1. The fund also renders technical advice to its members on monetary and fiscal policies. 2. The IMF operates in such a way to fullfil its objective as laid down in the Bretton Woods Articles of agreements. It aims at reducing tariffs and other trade restrictions by the member countries. 4. The fund gives short term loans to its members.

FUNCTIONS OF THE FUND 5. finance and development etc 6. 7.It conducts short training courses.It provides technical experts to member countries having BOP difficulties and other problems.To conduct research studies and publishes them in IMF staff papers . .

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