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Ano ang International Monetary Fund (IMF)?

Ang International Monetary Fund (IMF) ay samahan ng 188 na bansa na nagtutulongtulong upang maisulong ang
pangkalahatang kooperasyon sa pananalapi, mapanatili ang pampananalaping kaayusan ng buong mundo, at mapadali
ang pandaigdigang kalakalan.
Ano ang pangunahing layunin ng IMF?
Layunin ng IMF na tiyakin ang pampinansyal na kaayusan sa buong daigdig. Isinasagawa ito ng IMF sa tatlong
(a) pagsubaybay sa pandaigdigang ekonomiya at ng mga kasaping bansa nito;
(b) pagpapautang sa mga bansa na may suliranin sa panlabas na transaksyon (balance of payments difficulties); at,
(c) pagbibigay ng tulong teknikal sa mga kasapi nito.
Ano ang batayan ng IMF upang anyayahan ang kasapi nitong bansa na magambag sa pondong pagpapautang (loan
Tanging mga kasaping bansa ng IMF, o mga institusyong pinansyal nito, na mayroong matatag na katayuan sa
pandaigdigang ekonomiya (strong external position) ang inaanyayahan ng IMF na mag ambag sa pondo na kanilang
ipauutang. Ito ay bilang pagkilala sa katatagan ng pangkabuuang ekonomiya (strength of macroeconomic fundamentals)
ng isang bansa, kabilang na ang maayos na pagsasagawa ng mga transaksyong panlabas at matatag na katayuan sa
pandaigdigang ekonomiya (strong balance of payments at external position).

 The mission of the IMF is to promote global economic growth and financial stability, encourage international
trade, and reduce poverty around the world.
 The IMF was originally created in 1945 as part of the Bretton Woods agreement, which attempted to encourage
international financial cooperation by introducing a system of convertible currencies at fixed exchange rates.
 Surveillance
 The IMF collects massive amounts of data on national economies, international trade, and the global economy
in aggregate, as well as providing regularly updated economic forecasts at the national and international level.
These forecasts, published in the World Economic Outlook, are accompanied by lengthy discussions of the effect
of fiscal, monetary, and trade policies on growth prospects and financial stability.
Surveillance: In order to maintain stability and prevent crises in the international monetary system, the IMF
monitors member country policies as well as national, regional, and global economic and financial developments
through a formal system known as surveillance . The IMF provides advice to member countries and promotes
policies designed to foster economic stability, reduce vulnerability to economic and financial crises, and raise
living standards. It also provides periodic assessments of global prospects in its World Economic Outlook , of
financial markets in its Global Financial Stability Report , of public finance developments in its Fiscal Monitor ,
and of external positions of the largest economies in its External Sector Report , in addition to a series of regional
economic outlooks.
 Capacity Building
 The IMF provides technical assistance, training, and policy advice to member countries through its capacity
building programs. These programs include training in data collection and analysis, which feed into the IMF's
project of monitoring national and global economies.
Capacity development: The IMF provides technical assistance and training to help member countries build
better economic institutions and strengthen related human capacities. This includes, for example, designing and
implementing more effective policies for taxation and administration, expenditure management, monetary and
exchange rate policies, banking and financial system supervision and regulation, legislative frameworks, and
economic statistics.
 Lending
 The IMF makes loans to countries that are experiencing economic distress in order to prevent or mitigate
financial crises. Members contribute the funds for this lending to a pool based on a quota system. These funds
total around SDR 475 billion (US $645 billion) as of September 2017. (IMF assets are denominated in special
drawing rights or SDR, a kind of quasi-currency that is comprised of set proportions of the world's reserve
 Financial assistance: Providing loans to member countries that are experiencing actual or potential balance-of-
payments problems is a core responsibility of the IMF. Individual country adjustment programs are designed in
close cooperation with the IMF and are supported by IMF financing, and ongoing financial support is dependent
on effective implementation of these adjustments. In response to the global economic crisis, in April 2009 the
IMF strengthened its lending capacity and approved a major overhaul of its financial support mechanisms, with
additional reforms adopted in subsequent years. These changes enhanced the IMF’s crisis-prevention toolkit,
bolstering its ability to mitigate contagion during systemic crises and allowing it to better tailor instruments to
meet the needs of individual member countries.
 It monitors global conditions and identifies risks among its member countries.
 It advises its members on how to improve their economies.
 It provides technical assistance and short-term loans to prevent financial crises.

The resources come from quota subscriptions, or membership fees, paid in by the IMF's 189 member countries. Each
member contributes to this pool of resources a certain amount of money proportionate to its economic size and
strength (richer countries pay more, poorer less).

Being a member of the IMF allows that country's currency better "convertability" or exchange with other countries.

World Bank is about growth. IMF is about stability. World Bank is for development projects in the developing world. IMF
is about balancing the international financial system in both rich and poor countries [Greece is a recent recipient].

World Bank is your gym trainer - provides you stuff to grow strong. IMF is your doctor in emergency ward. They will try
to bring you back to life & provide you advice on not eating that fatty food again.

The International Monetary Fund (IMF) is an international

organization that was dedicated to provide financial assistance
and advice to countries that are a member of the organization.

The Board of Governors is the highest decision-making body of

the IMF.
The Executive Board (the Board) is responsible for conducting the
day-to-day business of the IMF
The Managing Director- sep12, 2019