Role of the Imf
What role does the IMF play in the world economy? What are the main costs and benefits of IMF adjustment policies?
The International Monetary Fund (IMF) aims to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable growth, along with reducing poverty around the world. The IMF was created in 1945, where it is governed by and accountable to the 187 countries that make up its near-global membership. (IMF at a glance)
The founders of IMF aimed to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s and the global conflict that followed. (What we do)
Following the recent global crisis, the Fund has been clarifying and updating its mandate to cover the full range of macroeconomic and financial sector issues that bear on global stability. (IMF at a glance)
In many ways the IMF’s main role is to provide the global public good of financial stability, which is the same purpose today as it was when the organization was established. More specifically, the IMF continues to: * Provide a forum for cooperation on international monetary problems * Facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction * Promote exchange rate stability and an open system of international payments * Lend countries foreign exchange when needed, on a temporary basis and under adequate safeguards, to help them address balance of payments problems
The IMF has three main tools at its disposal to carry out its mandate: surveillance, technical assistance and training, and lending. These functions are underpinned by the IMF’s research and statistics.
Surveillance
To maintain stability and prevent crises in the international monetary system, the IMF reviews country policies, as well as national, regional, and global
The International Monetary Fund (IMF) aims to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable growth, along with reducing poverty around the world. The IMF was created in 1945, where it is governed by and accountable to the 187 countries that make up its near-global membership. (IMF at a glance)
The founders of IMF aimed to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s and the global conflict that followed. (What we do)
Following the recent global crisis, the Fund has been clarifying and updating its mandate to cover the full range of macroeconomic and financial sector issues that bear on global stability. (IMF at a glance)
In many ways the IMF’s main role is to provide the global public good of financial stability, which is the same purpose today as it was when the organization was established. More specifically, the IMF continues to: * Provide a forum for cooperation on international monetary problems * Facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction * Promote exchange rate stability and an open system of international payments * Lend countries foreign exchange when needed, on a temporary basis and under adequate safeguards, to help them address balance of payments problems
The IMF has three main tools at its disposal to carry out its mandate: surveillance, technical assistance and training, and lending. These functions are underpinned by the IMF’s research and statistics.
Surveillance
To maintain stability and prevent crises in the international monetary system, the IMF reviews country policies, as well as national, regional, and global