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INTRODUCTION

▪ The IMF works to foster global growth and

economic stability. It provides policy advice and
financing to members in economic difficulties and
also works with developing nations to help them
achieve macroeconomic stability and reduce
poverty.

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BACKGROUND

▪ After the Great Depression in the 1930s there was

a need for an organization to create a system for
exchange rate stability.
▪ Countries' economies affected by WWII.
▪ need for reconstruction in well-developednations
▪ need for development in the lesser developed
nations

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ESTABLISHMENT

▪ IMF was established in 1944 at the Bretton Woods

Conference.
▪ It came into formal existence on 27th dec 1945
with 29 countries.
▪ IMF started functioning with effect from 1stmarch,
1947.
▪ Organization Headquarters Washington, D.C.
▪ Official languages English, French, and Spanish

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PURPOSE

▪ The primary purpose of IMF is to ensure stability of

the international monetary system the system of
exchange rates and international payments that
enables countries (and their citizens) to transact
with each other.

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MEMBERSHIP

▪ IMF started with the initial membershipof 44

countries.
▪ The IMF currently has a near-global membership of
188 countries.
▪ To become a member, a country must apply and
then beaccepted by a majority of the existing
members.
▪ In April 2012, Republic of South Sudan joined the
IMF, becoming the institution's 188th member.

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OBJECTIVES

1. To promote global monetary cooperation

2. To facilitate the growth of International trade

3. To promote Exchange stability

4. To give confidence to the members

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FUNCTIONS AND IMPORTANCE

1. Stability of International Monetary System

2. Economic Surveillance

3. Financial Assistance (Loans)

4. Technical Assistance

5. Capacity Development

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IMF Organization Chart

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BENEFITS TO INDIA BY IMF

▪ Freedom to Rupee
▪ Membership of the World Bank
▪ Importance of India in International field
▪ Technical advice and training

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THANK YOU