International Relations, conflicts,research methodology
IMF (International Monetary Fund) is an international organization. It is responsible for managing the global financial system and for providing loans to its member states to help alleviate economic problems. WHAT IS IMF?It is an organization of 188 countries ,working to foster global monetary cooperation , secure financial stability ,facilitate international trade ,promote high employment and sustainable economic growth and reduce poverty” .The IMF is the most detailed attempt to organize the conduct of international monetary affairs.Agreement for its creation came at the United Nations Monetary and Financial Conference in Bretton Woods[?], New Hampshire, USA, in 1944; the organisation came into existence in 1946, as part of a post-WWII reconstruction plan, and began financial operations on March 1, 1947. Accordingly, it is sometimes referred to as "a Bretton Woods institution", along with the Bank for International Settlements and the World Bank. Together, these three institutions define the monetary policy shared by almost all countries with market economies. In order to gain access to IMF loans, BIS privilege, and strategic World Bank development loans, a country must normally agree to terms set forth by all three organizations.The IMF describes itself as “an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”
Who runs the IMF?
Member Countries---Board of Governors-----Executive Board----IMF Managing Directors--First Deputy Managing Dir--Deputy Managing Dir---Deputy Managing Dir
MEMBERSHIP
ORIGINAL MEMBERS: All those countries whose representatives took part in BRETTONWOODS CONFERENCE and who agreed to be the members of the fund prior to 31st December,1945
.ORDINARY MEMBERS: All those who became its members subsequently.BANK has the authority to suspend any member and