Work done by José Eduardo

19003, UFCD 6664

IMF
Index:

. Identifying the organization

. Foudation data

. Organization's objectives

. Main Projects

. Projects in development

. Conclusion

.Webgrafia
 Identifying the organization

IMF ( International Monetary Fund) is a financial

organization whose fuction is to offer specific and
temporary financial assistance to its member countries.

Foundation Data
As a suprenational organization , it was created in 1944
by the Bretton Woods Conference in the United States
but it started on 27 December 1945 with 29 member
countries. Its headquarters are currently located in New
York City.
 Organization's History

After the crash of the New York Stock Exchange in

1929, countries had been implementing protectionist
practices, and in Europe the policy of induced
devaluation of the currency prevailed to increase its
competitiveness. At the end of World War II, the allied
countries decided to implement a more liberalist system,
and that is where the Bretton Woods System was
developed, composed of the international Monetary
Fund, the International Monetary Fund, The
International Bank for Reconstruction and Development
(IBRD) and the organization of Commerce (ICO).
It would be up to the IMF to monitor exchange rates and
grant loans in cases of imbalance in the balance of
payments and in turn, the United States had to maintain
the convertibility of its currency at 35 dollars per ounce
of gold and that is why this system became known as
the gold-dollar standard.

Organization´s objectives
One of the objectives of the IMF is to control the
finances and the international economy, in order to
avoid economic problems, such as the 1929 crisis and
any other type of financial instability. The other goals
are to promote global monetary cooperation , facilitate
the expansion and balanced growth of international
trade, promote exchange stability, assist is creating a
multilateral payment system and make resources
available to member countries.
 Main projects
The main projects of the IMF is international trade,
High level of employment , sustainable economic growt
and reduce world poverty.
 Projects in development

. Trade in precious minerals linked to illicit financial

flows and smuggling

. IMF funding first technical assistance project to tackle

the issue.

. Better regulation and oversight will help.

An IMF project will help 16 countries in sub-saharan

Africa that produce and deal in diamonds , gold, and
precious minerals to strengthen their defenses against
money laundering, smuggling and terrorist financing.

The other project is combating the financing of

terrorism.
 Conclusion

IMF has 188 members countries, each responsible for

depositing amounts of money into the fund.
Despite receiving much criticism, the IMF remains one
of the main international economic and geopolitical
actors, being ponted out by many as the main
international organization responsible for the diffusion
and predominance of the neoliberal system throughout
the world from the second half of the 20th century
onwards.
 Webgrafia

https://www.google.com/amp/s/mundoeducacao.uol.c
om.br/amp/geografia/fmi.htm

https://www.politize.com.br/fundo-monetario-
internacional/
https://www.imf.org/en/News/Articles/2015/09/28/04/5
3/sonew031210a