The Goals of IMF
The goals of IMF are:
The IMF was founded more than 60 years ago toward the end of World War II. The founders 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.
Since then the world has changed dramatically, bringing extensive prosperity and lifting millions out of poverty, especially in Asia. In many ways the IMF's main purpose—to provide the global public good of financial stability—is the same today as it was when the organization was established.
List of at least 3 loans made in 2012:
1.Yemen gets $93 Million interest-free emergency loan to support the Red Sea country's recovery. In order to recover country's political crisis, to step back from the bank of disaster, and role of donors remains vital, the IMF's approval makes Yemen the first ''Arab Spring'' country to secure a loan.
2. Greece gets 28 billion Euro loan as part of the overall financing package agreed by Athens and its partners in the euro zone. Official sector support for the second Greek program entails €130 billion (about US$170 billion) in new financing, in addition to the remainder of the financing support for the first program of €34 billion (about US$44 billion). The IMF contribution of €28 billion will be disbursed in equal tranches over a four-year period. It is help Greece to put growth at the center of the agenda, to achieve a viable level of public spending, and to ensure the solvency of the banking sector while protecting depositors. The main idea is maintaining support for Greece.
3. Bangladesh gets $978 million loan to help country overcome macroeconomic pressures and build a reserve buffer. It is the largest loan under the IMF's Extended Credit Facility. However, as part of the loan agreement, the Bangladeshi authorities agreed to create fiscal space by increasing tax revenues and containing subsidy costs,
The IMF was founded more than 60 years ago toward the end of World War II. The founders 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.
Since then the world has changed dramatically, bringing extensive prosperity and lifting millions out of poverty, especially in Asia. In many ways the IMF's main purpose—to provide the global public good of financial stability—is the same today as it was when the organization was established.
List of at least 3 loans made in 2012:
1.Yemen gets $93 Million interest-free emergency loan to support the Red Sea country's recovery. In order to recover country's political crisis, to step back from the bank of disaster, and role of donors remains vital, the IMF's approval makes Yemen the first ''Arab Spring'' country to secure a loan.
2. Greece gets 28 billion Euro loan as part of the overall financing package agreed by Athens and its partners in the euro zone. Official sector support for the second Greek program entails €130 billion (about US$170 billion) in new financing, in addition to the remainder of the financing support for the first program of €34 billion (about US$44 billion). The IMF contribution of €28 billion will be disbursed in equal tranches over a four-year period. It is help Greece to put growth at the center of the agenda, to achieve a viable level of public spending, and to ensure the solvency of the banking sector while protecting depositors. The main idea is maintaining support for Greece.
3. Bangladesh gets $978 million loan to help country overcome macroeconomic pressures and build a reserve buffer. It is the largest loan under the IMF's Extended Credit Facility. However, as part of the loan agreement, the Bangladeshi authorities agreed to create fiscal space by increasing tax revenues and containing subsidy costs,