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

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

6. Christine Lagarde
2011 - 2019
Kristalina Georgieva
2019 - Present

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

13. Thank You