International Monetary Fund

1. Presented by: Anil Kumar, Clerk, H&FW Dept.
HPF&AS 2018 Trainee

2. Brief notes on I.M.F.

3. I.M.F :-
International Monetary Fund is
full form of I.M.F.

4. Head Quarter of I.M.F. :-
Head quarter of International Monetary
Fund is at Washington D.C., United States.

5. Member Countries of I.M.F.
Presently there are 189 countries are
members of International Monetary Fund.

6. Foundation :-
International Monetary Fund was
established on 27th of December 1945.

7. Managing Director of I.M.F.
Christine Lagarde.

8. Origin of I.M.F. :-
. The International Monetary Fund is an
intergovernmental institution which was established by
an international treaty in 1945 to create a framework
for international economics cooperation focusing on
balance of payment problems and the stability of
currencies.
. I.M.F. is an organization with an almost universal
membership. Members of I.M.F. are states/ countries.
Presently there are 189 members of I.M.F.

9. I.M.F. Organization Chart
International Monetary
and Financial Committee
Board of
Governors
Joint IMF-World Bank
Development Committee
Executive Board
Independent
Evaluation Office
Managing Director
Deputy Managing Directors

10. Board of Governors :-
 Usually Finance Minister or Central Bank heads are
the Governors of the board.
 Governors elect one of the Governors as chairman.

11. Executive Board :-
 There are 24 executive Directors with the Managing
Director as the Chairman.
 The 05 executive Directors are elected by 05 countries
viz. U.S., Japan, U.K., Germany and France and 19 by
other members.
 The elected Directors serves for two years.

12. Financial Structure :-
 Source of Fund Financing
 (a) Members quota subscription.
 (b) Borrowing to supplements the resources
available from quota.
 (c) Income from Investments.

13. I.M.F. Quota with largest quota
share (as of April 2007)
Members Quota Share (%)
United States 17.46
Japan 6.48
Germany 5.60
France 4.24
United Kingdom 4.24
Italy 3.17
Saudi Arabia 2.10
India 2.76

14. Function of I.M.F.
 I.M.F. has mainly three functions:
 (a) Surveillance,
 (b) Financial Assistance,
 (c) Technical/ Consultative Function.

15. (a) Surveillance
 International Monetary Fund monitors the financial
condition of its member countries and alert them for
upcoming Balance of Payment crises.

16. (b) Financial Assistance
 International Monetary Fund functions as an agency
of providing resources to meet short term and medium
term Balance of Payment disequilibrium forced by the
member countries.

17. (c) Technical/ Consultative Function
 International Monetary Fund functions as a centre for
international cooperation and a source of counsel and
technical assistance to its member countries.

18. S.D.R.
 Special Drawing Right is the currency of International
Monetary Fund and it is also called paper gold.
 The value of one SDR is equal to Rs. 101.88 and $ 1.39
US Dallor.

19. Thank you for watching.