The document summarizes information about the International Monetary Fund (IMF) and the World Bank. The IMF tracks global economic trends and provides financing and policy advice to member countries. Its goals are to promote financial stability, international trade, and economic growth. The World Bank provides long-term loans and financing to developing countries for capital programs and development projects, with the goal of reducing poverty. Key differences are that the IMF focuses on short-term balance of payments issues while the World Bank concentrates on long-term economic development projects.
International Financial Institution, IMF, IBRD,IFC,IDA
Imf & world bank
1. International Monetary Fund (IMF)
&
World Bank
Presented By: Yogesh Chinchole
Harander Kumar
Pawan Kumar
KhushalYadav
2. IMF- International Monetary Fund
• IMF- International Monetary Fund: Its Purpose
• History About IMF Formation: Since 1944
• Roles Of IMF:
– Tracks global economic trends and performance
– Alerts its member countries
– Provides a forum for policy dialogue
– Provides policy advice and financing to members
• Key IMF activities
• Objectives:
– To provide the global public good of financial stability
– 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
3. IMF- International Monetary Fund
• An Adapting IMF
• Execution Of Work By IMF
External Relations Department
– Surveillance,
– Technical assistance and training, and Finance Department
– Lending. Fiscal Affairs Department
• Membership IMF Institute
• Collaborating with other Organizations
Legal Department
• Organizations And Finances Monetary and Capital Markets
– Management Department
– Staff Of International Civil Servants Research Department
Statistics Department
Strategy, Policy, and Review
Department
IMF’s 9 Functional Departments
4. IMF- International Monetary Fund
• QUOTAS
– Quota reviews
– Recent reforms
– The Special Drawing Right (SDR)
• GOLD Holdings
– Gold and the international monetary system
– Use of Gold in the IMF
• Borrowing Agreements
• Governance
– Board of Governors
– Ministerial Committees
– The Executive Board
– Governance Reform
• Country Representation
• Accountability
• Ethics Office And Code Of Conduct
5. World Bank
• World bank
– The World Bank is an international financial institution that
provides loans to developing countries for capital programs. The World
Bank's official goal is the reduction of poverty.
• World Bank History
• Objectives of World bank
6. World Bank
Functions/Key Roles of World Bank:
• Granting reconstruction & development loans
• Providing loans to governments & private concerns
• Promoting foreign investment
• Providing technical, economic and monetary advice
• Encouraging industrial development
World bank group consists of five closely associated institutions:
• International Bank of Reconstruction and development (IBRD)
• International Development Association(IDA)
• International Finance Corporation(IFC)
• Multilateral Investment Guarantee Agency(MIGA)
• International Centre for Settlement of Investment Disputes
World bank is basically consist of two of these IBRD & IDA .
7. Difference Between IMF & World Bank
The International Monetary Fund World Bank
Oversees the international monetary system Seeks to promote the economic development of the
world's poorer countries
Promotes exchange stability and orderly exchange Assists developing countries through long-term
relations among its member countries financing of development projects and programs
Assists all members--both industrial and developing Provides to the poorest developing countries whose per
countries--that find themselves in temporary balance capita GNP is less than $865 a year special financial
of payments difficulties by providing short- to medium- assistance through the international development
term credits association (IDA)
Draws its financial resources principally from the quota Acquires most of its financial resources by borrowing on
subscriptions of its member countries the international bond market
Has at its disposal fully paid-in quotas now totaling SDR Has an authorized capital of $184 billion, of which
145 billion (about $215 billion) members pay in about 10 percent
Has a staff of 2,300 drawn from 182 member countries Has a staff of 7,000 drawn from 180 member countries