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- Created by 29 initial member countriesOfficial Site: IMF Overview
- Created as part of the Bretton Woods AgreementOfficial Site: IMF Overview
- Articles of Agreement signed on December 27, 1945Official Site: IMF Overview
- 185 member nationsOfficial Site: IMF Overview
- Located in Washington, DCOfficial Site: IMF Overview
- Loans money to member countries undergoing financial difficultiesHoover Institution: What is the International Monetary Fund?
- Countries accepting IMF loans must undergo recommended economic reformsHoover Institution: What is the International Monetary Fund?
- Each member country contributes to the IMF a quota of fundsHoover Institution: What is the International Monetary Fund?
- Size of quotas determine voting power and borrowing powerHoover Institution: What is the International Monetary Fund?
- The United States has the largest quota of all IMF member countriesHoover Institution: What is the International Monetary Fund?
- Quotas are based on the wealth of the nationHoover Institution: What is the International Monetary Fund?
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Located in Washington DC, the International Monetary Fund, or IMF, is an international organization that tracks the economic policies of member nations, particularly policies affecting exchange rates, balance payments and debts, with the goal of stabilizing the international payment system.
On April 25, 2009, the IMF announced their intention to sell bonds as a method of raising funds, a measure that will provide an alternative method to developing countries instead of long-term loans.KansasCity.com: IMF head says it will sell bonds to raise funds
History
Established in 1944, the IMF was created as part of the Bretton Woods Agreement. The IMF has also operated as a lender of last resort, helping economies that have suffered large scale crashes. The IMF has been criticized for supporting military dictatorships who stifle democracy and violate human and labor rights. Some of the economic policies of the IMF have also been criticized for stifling, instead of promoting, economic diversity and development.G20 Summit
On April 2, 2009, the world's representatives at the G20 London summit agreed to give an additional $1 trillion in funding to the IMF and World Bank. The group stopped short, however, of putting together a stimulus package to aid the flailing global economy.Fox News: G-20 Leaders to Give ... (April 2, 2009)-
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International Monetary Fund Questions
What is the difference between an Sovereign Wealth Fund and a Hedge fund? 3 AnswersHedge funds ---------------- The few commonalities of hedge funds are their structure and their payment schemes. In domestic form these funds are typically s... read more
Are pensions general paid into by the employee or does the company provide most of the funding? 2 AnswersFor state workers in Hawaii, it depends on the plan. From; http://www4.hawaii.gov/ers/Publications/YourRetirementSystem/Hybrid.pdf For government workers in Ha... read more
what practical solutions exist for modifying the international financial system to fix the monetary crisis? 1 AnswerBacking up all money with a gold standard, and getting out of debt. Some might argue that getting out of debt will actually hurt our economy. It would hurt our ... read more
Are hedge funds opportunistic or smart? 1 AnswerWell, the answer is both. Sometimes the smart move for an individual investor (Or limited number of wealthy investors) is not the best move for a business or th... read more
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International Monetary Fund Criticism
- Google Video: Life and Debt - Globalization and Jamaica (Time: 1:26:06)
- Global Exchange: World Bank & IMF: Background
- The August Review: Global Banking: The International Monetary Fund
- Serendipity: How the IMF Props Up the Bankrupt Dollar System
- Hoover Institute: International Monetary Fund: Mission Creep
- YouTube: Antonia Juhasz - A History of Opposition to the World Bank (Time: 08:04)
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On Twitter Powered by Twitter
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IMF Aids Marshall Islands In Establishing Tax Base: The International Monetary Fund has concluded its consultation with http://url4.eu/oOcz
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RT @afribiz: Sub-Saharan Africa: Challenges for 2010, comments by International Monetary Fund. http://short.to/xs1a
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Sub-Saharan Africa: Challenges for 2010, comments by International Monetary Fund. http://short.to/xs1a
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UK news: Britain's economic recovery likely to be "somewhat subdued" according to MD of International Monetary Fund. http://bit.ly/52poX0
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Dominique Strauss-Kahn, Managing Director of the International Monetary Fund speaks at the Confederation of Brit... http://bit.ly/7zXZ2J
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