International Monetary Fund (IMF)

• one of the biggest moneylenders in the world.

• 188 member states –no equal voting rights.
• The vote -weighed by the contribution to IMF
• 52% of the voting power - in the hands of only ten countries
• (US, Japan, Germany, France, UK, China, Italy, Saudi Arabia, Canada and Russia).
• The President -citizen of the US
• working to foster global monetary cooperation, secure financial
stability,
• facilitate international trade
• Oversees the international monetary system
• o ensure exchange rate stability
• encouraging members to eliminate exchange restrictions