For educational purposes only.

2. Main mission: International Monetary System stability
The International Monetary Fund, or IMF, promotes
international financial stability and monetary cooperation. It also
facilitates international trade, promotes employment and sustainable
economic growth, and helps to reduce global poverty.
Bretton Woods on July
1944
v
December 27, 1945
Articles of Agreement
v
Great Depression
World Wars
Harry Dexter White and
John Maynard Keynes
v

3. Headquarter 1:
located on 720 19th
street
Headquarter 2: 1900
Pennsylvania Avenue
Washington, DC
Headquarter:
Washington, D.C.
Offices:
Paris, Tokyo, New York and Geneva

4. IMF Organization Chart
International Monetary
and Financial Committee
Joint IMF-World Bank
Development Committee
Executive Board
Managing Director
Deputy Managing Directors
Board of
Governors

5. List of Managing
Directors
1946 – 1951
Belgium
1951 – 1956
Sweden
1956 – 1963
Sweden
1963 – 1973
France
1973 – 1978
Netherlands
1978 – 1987
France
1987 – 2000
France
2000 – 2004
Germany
2004 – 2007
Spain
2007 – 2011
France
2011 –
present
France

6. (The Present Managing Director)
Christine Lagarde
Christine Lagarde is the
Managing Director of the
International Monetary
Fund. She was appointed
on June 2011. She was re-
appointed in July 2016 for
a second term.

7. 1. Belgium
2. Bolivia
3. Canada
4. China
5. Colombia
6. Czechoslovakia
7. Egypt
8. Ethiopia
9. France
10. Greece
11. Honduras
12. Iceland
13. India
14. Iraq
15. Luxembourg
16. Netherlands
17. Norway
18. Philippines
19. South Africa
20. United Kingdom
21. United States
22. Dominican Republic
Member Countries
23. Ecuador
24. Guatemala
25. Paraguay
26. Iran
27. Chile
28. Mexico
29. Peru
30. Costa Rica
31. Brazil
32. Uruguay
33. El Salvador
34. Nicaragua
35. Panama
36. Denmark
37. Venezuela
38. Turkey
39. Italy
40. Syria
41. Lebanon
42. Australia
43. Finland
44. Austria
45. Thailand
46. Pakistan
47. Sri Lanka
48. Sweden
49. Myanmar
50. Japan
51. Germany
52. Jordan
53. Haiti
54. Israel
55. Afghanistan
56. Korea
57. Argentina
58. Vietnam
59. Ireland
60. Saudi Arabia
61. Sudan
62. Ghana
63. Malaysia
64. Tunisia
65. Morocco
66. Spain
67. Libya
68. Portugal
69. Nigeria
70. Lao
71. New Zealand
72. Nepal
73. Cyprus
74. Liberia
75. Togo
76. Senegal
77. Somalia
78. Sierra Leone
79. Tanzania
80. Kuwait
81. Jamaica
82. Cote d’ Ivoire
83. Niger
84. Burkina Faso
85. Cameroon
86. Central African Republic
87. Chad
88. Republic of Congo
89. Benin
90. Gabon
91. Mauritania

8. 92. Trinidad and
Tobago
93. Madagascar
94. Algeria
95. Mali
96. Uganda
97. Burundi
98. Democratic
Republic of Congo
99. Guinea
100.Rwanda
101.Kenya
102.Malawi
103.Zambia
104.Singapore
105.Guyana
106.Indonesia
107.The Gambia
108.Botswana
109.Lesotho
110.Malta
111.Mauritius
112.Swaziland
113.Equatorial Guinea
114.Cambodia
115.Barbados
116.Fiji
117.Oman
118.Samoa
119.Bangladesh
120.Bahrain
121.Qatar
122.United Arab Emirates
123.Romania
124.The Bahamas
125.Grenada
126.Papua New Guinea
127.Comoros
128.Guinea-Bissau
129.Seychelles
130.Sao Tome and
Principe
131.Maldives
132.Suriname
133.Solomon Islands
134.Cape Verde
135.Dominica
136.Djibouti
137.St. Lucia
138.St. Vincent and the
Grenadines
139.Zimbabwe
140.Bhutan
141.Vanuatu
142.Antigua and Barbuda
143.Belize
144.Hungary
145.St Kitts and Nevis
146.Mozambique
147.Tonga
148.Kiribati
149.Poland
150.Angola
151.Bulgaria
152.Namibia
153.Mongolia
154.Albania
155.Lithuania
156.Georgia
157.Kyrgyzstan
158.Latvia
159.Marshall Islands
160.Estonia
161.Armenia
162.Switzerland
163.Russian Federation
164.Belarus
165.Kazakhstan
166.Moldova
167.Ukraine
168.Azerbaijan
169.Uzbekistan
170.Turkmenistan
171.San Marino
172.Bosnia and
Herzegovina
173.Croatia
174.Macedonia
175.Slovenia
176.Serbia
177.Czech Republic
178.Slovak Republic
179.Tajikistan
180.Federated States
of Micronesia
181.Eritrea
182.Brunei
Darussalam
183.Palau
184.Timor-Leste
185.Montenegro
186.Kosovo
187.Tuvalu
188.South Sudan
189.Nauru

9. Functions
1. Economic
surveillance and
monitoring
• Country Surveillance
• Global surveillance
• Regional Surveillance
2. Capacity Building
• Technical Assistance and
Training
3. Lending
• Conditionality of
Loans

10. SDR 477 billion (US $692 billion)
$ Total Quota
Greece, Ukraine, Pakistan, Egypt
Largest Borrowers
Articles of Agreement
 Article II, Section 2
 Article XXVI
Membership

11. Washington Consensus
Ten Principles (John Williamson in 1989):
1. Fiscal discipline
2. Public expenditure priorities
3. Tax reform
4. Financial liberalization
5. Exchange rates
6. Trade liberalization
7. Increasing foreign direct investment
8. Privatization
9. Deregulation
10. Secure intellectual property rights

12. PHILIPPINES and the IMF
“IMF sees
sustained
Philippine
growth.”
“IMF lifts
2017 PH
growth.”
“IMF has ‘very
optimistic’
growth outlook
over PHL’s
impressive
economic
performance.”

13. IMF sees sustained PH growth
The International Monetary Fund (IMF) expects the
Philippines to sustain its growth momentum up to at least
2018, banking on increased fiscal spending and a recovery
of global demand, as well as a reform agenda seen broadly
on track to boost the local economy.

14. IMF has ‘very optimistic’ growth outlook
over PHL’s impressive economic
performance
The International Monetary Fund (IMF) has relayed
to the country’s economic managers the multilateral
institution’s “very optimistic” growth outlook on the
Philippines owing to the economy’s continued
“impressive” performance.

15. IMF lifts 2017 PH growth
The International Monetary Fund (IMF) has raised
its growth forecast for the Philippines this year to 6.8
percent, faster than the previous estimate of 6.7 percent,
on strong domestic demand. The latest IMF mission
report said the domestic economy continued to be
favorable despite external headwinds.

16. IMF CRITICISMS
 1. Conditions of
loans
 2. Exchange rate
reforms.
 3. Devaluations  4. Neo-Liberal
Criticisms
 5. Free
market
 6. Lack of
transparency and
involvement
 7. Supporting military
dictatorships

17. References:
https://www.imf.org/external/np/sec/memdir/memdate.htm?_e_pi_=7%2CPAGE_I
D10%2C154920614
https://investinganswers.com/financial-dictionary/eonomics/international-monetary-
fund-imf-984?_e_pi_7%2CPAGE_ID10%2C5748687152
https://www.worldatlas.com/articles/where-is-the-headquarters-of-the-imf-
international-monetary-fund-
located.html?_e_pi_=7%2CPAGE_ID10%2C7854684775
https://www.britannica.com/topic/international-Monetary-
Fund?_e_pi_7%2CPAGE_ID10%2C5769652480
https://www.economicshelp.org/blog/7387/economics/washington-consensus-
definition-and-criticism/?_e_pi_=7%2CPAGE_ID10%2C7512153487
https://www.imf.org/external/np/exr/chron/mds.asp?_e_pi_=7%2CPAGE_ID10%2
C5278183601