3. Abbreviation IMF
Formation 1 march,1947
Type International financial
organization
Headquarters Washington, D.C , united
states
Membership 188 countries
Official languages English , French , and
Spanish
Managing director Christine lagarde
Main organ Board of governors
4. To assist in the reconstruction of the world’s international
payment system post world war.
To improve the economics of its member countries ,facilitate
international trade.
To secure financial stability,
to promote high employment and reduce poverty around the
world.
5. It helps its member countries to solve their monetary
problems.
It facilitates the expansion and growth of international
trade.
It promotes exchange stability and reduce foreign
exchange restrictions.
It provides financial helps to its member countries
under adequate safeguards.
It lessen the degree of disequilibrium in the
international balance of payments.
6. Bangladesh has been promised to get a loan amounting to
about US $490.
Current IMF membership: 188 countries
Joining date : on August 17
Quota : 533.30 million
Outstanding loans: 526 million (as of June 2014).
7. It provides policy advice to governments and central banks.
It research, statistics , forecasts, and analysis based on
economics and markets .
it provides loan to its member countries.
It helps to reduce poverty in underdeveloped
countries.
It provides technical help and training to improve
management ability of countries.
8. Access to information on economic policies of all member
countries.
Opportunity to influence members’ economic policies.
Access to technical assistance in economic matters.
Financial support in times of payment difficulties.
Increased opportunity for trade and investment.
9. Impact on access to food : IMF has impact on people’s
access to food specially in developing countries which have
been criticized by civil society organizations.
Impact on public health : IMF’S approach has prevented
long term public investment of developing countries which
resulted in poor health infrastructure.
Impact on environment : IMF policies have
been criticized for raising Ecosystem-damaging
projects.
10. Agree to the code of conduct found in the IMF
Articles of Agreement
Pay a quota subscription.
Refrain from restrictions on exchange of foreign
currency.
Strive for openness in economic policies
Affecting other countries.
11. Reducing government borrowing – Higher taxes and
lower spending
Higher interest rates to stabilize the currency.
Allow failing firms to go bankrupt.
Structural adjustment , reducing corruption
and bureaucracy.
12. IMF discriminates between developed and less developed
countries.
IMF policies lacks transparency and involvement.
IMF supports military dictatorship .
IMF’S policies were anti-developmental.
IMF have been criticized for allowing devaluations..
IMF policies have been criticized for their privatization .