Presiding Officer Training module 2024 lok sabha elections
International monitory fund - IMF
1. • What is IMF
• Facts of IMF
• Objectives of IMF
• Functions of IMF
International
Monitory
Fund
Prepared By:
Mohammed Jasir PV
Assist. Professor
MIIMS, Puthanangadi
Contact: 9605 69 32 66
2.
3. International Financial institution
Dec 25 1945 (Bretton woods Conference 1944)
Initial membership – 29 countries
189 member countries – Current
Headquarters is located in Washington D.C.
2400 employees from more than 150 Countries
Visualised as guardians of the Intl. Financial and Monetary System
Related to rules and code of conduct on intl. monetary system
To oversees Intl. Monetory System
4. Fiscal year for IMF - May 1 to April 30
A country’s voting power is based on the size of its economy and the amount
of the quota it pays when it joins IMF
U.S. has the largest share of votes (approximately 17 %)
Decisions require a supermajority – 85 % of votes
U.S. contributes about 20 % of the total annual IMF Budget
The largest member of the IMF is U.S. and the smallest member is Tuvalu
Largest borrowers of the IMF are Portugal, Greece, Ukraine and Pakistan
The largest number of IMF loans have gone to the African Continent
7. It is an intl. financial institution formed in BWC to promote
Intl. monetory cooperation (Collaboration)
Exchange rate stability
Maintenance of high level of employment
Orderly arrangements of exchanges
Resource of fund
Economic growth
High level of economic growth
Financial assistance (for ease BOP adjustments)
8. Basic Operations or Functions of IMF
Financial Assistance Technical AssistanceSurveillance
9. Financial Assistance
Loan to countries (BOP Problems)
To rebuild intl. reserves.
Stabilize their currencies
Payment for imports
Strong economic growth
Natural disasters
IMF does not lend for specific projects
10. Technical Assistance
Technical assistance
Development of productive resources of member countries
Effective mgt of Economic policy and financial affairs
Economic policy, Tax policy, revenue administration, expenditure
management, ExR System, macro economic factors etc.
Free of charge
90% to low or middle income people and post-conflict country
Contributes to a robust and stable global economy
11. Surveillance
Intl. Economic stability by multilateral cooperation
Overseeing Intl. monetory system
Monitoring policies (Fin & Eco) of 189 Countries
Expert advice on economic and financial developments