The International Monetary Fund For World War II

The International Monetary Fund For World War II
During World War II, the Allies sought to reign in some of the chaos of international transactions.
Problems, to that point, were myriad; currencies and economies were not well–equipped to handle
the rapid globalization that was underway. Little regulation meant ample room for abuse, like
aggressive devaluation of a country's currency, along with the less nefarious but equally damaging
shocks in the newly–interconnected markets. "Beggar thy neighbor" policies, most of them
ultimately landing on Germany's doorstep after World War I, played a major part in precipitating
World War II. In Bretton Woods, New Hampshire, representatives from the Allied nations met to
change that. The agreement they struck, known as the Bretton Woods system, provided what they
believed to be the necessary infrastructure to facilitate this increasingly global economy. All
currencies would have a set exchange rate, in gold–backed dollar terms. This would, in theory, make
global transactions involving different currencies simple and easy to regulate. The International
Monetary Fund was established to make sure that these exchanges ran smoothly and that countries
could meet their obligations. The new Bretton Woods system was backed by nearly all the Allies,
save for the Soviet Union, and seemed to be heralding a new era of global cooperation in the
economy. Reality, however, did not match with that expectation. The insistence on using a gold
standard brought forth bullionism reminiscent of the
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The International Monetary Fund : An Evolving Role As A...
I.Introduction
For the past 15 years, China has been in the limelight as one of the world's fastest growing economy.
The International Monetary Fund (2014) reported China's average growth rate at an average of 10%
over the past 30 years. The market economy of China is the world's second largest economy by
nominal GDP based on the World Bank Data. In spite of this fast growing economy, the country,
like any developing country has experienced rough inflationary dynamics, and to target this, a mix
of Monetary Policies have been adopted. Reserve Ratio Requirement (RRR) has an evolving role as
a Monetary Policy tool to target these inflations. Ma, et al. (2011), presented that The People's Bank
of China (PBC) has actively changed its ... Show more content on Helpwriting.net ...
II. Inflation in the Recent Past
For the past decades, China has been in the limelight for inflationary episodes. Funke (2006) has
compared this phenomenon as a "roller coaster ride". But Girardin et.al. (2013) argues that there is a
remarkable inflation performance over the past decade, in spite of the absence of explicit inflation
targeting. This section shall focus on the inflations of the recent past of China. To contextualise this
section, how inflation became a normal trend of China's economy, the third, fourth and fifth phase
of the economic reform of China shall be presented according to the study of Funke (2006). During
the third (1988–1991) and fourth phase of economic reform (1992–1998), the reform process was
characterized by lack of effective macroeconomic policy intruments. The effect was a substantial
increase in inflation after price liberalisation. The fifth phase of economic reform (1998 to present)
can be characterized by broad–based enterprise, financial and social reforms. Inspite the sound mix
monetary policies of the People's Bank of China, the fifth phase of economic reform apparently still
have substantial inflation increase. Figure 1 shows inflation peaks for years 2004, 2007, 2008 and
2011 respectively.
Source: Author's computation based on World Bank Data
In 2004, China's annual rate of inflation hit a seven–year

The Impact Of Transnational Industries And Global...
This essay aims to explore and critically analyse the impact of transnational industries and/or global
financial institutions such as the World Bank and International Monetary Fund (IMF) in the sub–
Sahara Africa. It will explore the impact on health, economic, and environmental, political and
cultural determinants on developing countries. A country in the sub–Sahara Africa region will be
used as a prime example in dealing with some of the above institutions and their outcomes, and a
conclusion given.
INTRODUCTION
The World Bank and the IMFs strategies and its impacts in the sub–Sahara region has come under
scrutiny. This has prompted concerns of the region 's development with some Africans and
international organizations questioning if ... Show more content on Helpwriting.net ...
Nevertheless, some political economists have argued that the continents underdevelopment is due to
how the states were created with their political and economic link with industrialised nations. This
as a result has led to industrialised countries experimenting ill designed development concepts in
developing countries. Rodney (2012) argued that every nation has developed, however not on even
economic grounds. He further stated that ''underdevelopment'' is used by industrialised countries to
exploit other countries.
Background & Body (1600–1800 words)
The word bank and IMF are the two main global financial institutions that lend money to various
developed and developing countries. According to Wolff (2013) these institutions came into being in
1944 after the Bretton woods conference to establish a firm global economy after the world war
two. The purpose of these institutions was to stimulate a stable development and offer unconditional
loans to nations in economic crisis so as to achieve their developmental needs (Wolff, 2013).
However, these never saw the daylight, due to pressure experienced from the US legislatures, also
known as the ''Washington Consensus'' which as a result led the IMF and World Bank to lend money
with harsh conditions.
Kingston et al. (2011) suggests that the Structural Adjustment Policies (SAP) programs in most
cases have led to poverty in developing countries

The International Monetary Fund And The World Bank Were
The International Monetary Fund and the World Bank were formed at the Britton Woods
Conference in New Hampshire, United States, in 1944. They were designed as the mainstay of the
post–war global economic order. The World Bank 's focus is the provision of long–term loans to
support development projects. The IMF concentrates on providing loans to stabilize countries with
short–term financial crises
Critics of the World Bank and IMF have argued that policies implemented by African Countries,
intended to control inflation and generate foreign exchange to help pay off the IMF debts, often
result in increased unemployment, poverty and economic polarization thereby impeding sustainable
development.
The World Bank and IMF became increasingly ... Show more content on Helpwriting.net ...
In 1980, Zimbabwe after being liberated, the government vigorously invested in all sectors of the
economy (health, education, mining, universal access to services but this in turn led to the
government budget deficits in the mid–1980s and forced the government to look for ways to finance
its excessive expenditure. Zimbabwe was then persuaded to implement ESAP. The programme was
to run from year 1991 to 1995.
ESAP was a package with instruments to be adhered to, and these were the components:
1. Reduction of government expenditure through privatization
2. Removing wage controls
3. Removing controls on exchange rates
4. Removing subsidies on basic goods
5. Removal of price control measures
The basis of these components was to let the market control the economy and reduce government
bills thereby cutting the expenditure. Although the neo liberalists favor the IMF and WB reform
packages, the ESAP were to a larger extent disastrous in the different sectors of the economy
ranging from people's lives, health, education, agriculture and the macro and micro economy in
Zimbabwe. According to Dhliwayo (2001), "the decision to want a major economic reform
programs in Zimbabwe dates back to the beginning of the 1980s, with the main aim of attracting aid
from international donors so that the country might close both the resource and trade gaps in order
to meet its economic targets." The ESAP was sought to transform Zimbabwe's

International Monetary Fund Essay
International Monetary Fund
Intro:
In July 1944, the United Nations Monetary and Financial Conference met in Bretton Woods, New
Hampshire, to find a way to rebuild and stabilize the world economy that had been severely
devastated by World
War II. One result of the conference was the founding of the
International Monetary Fund (IMF) through the signing of its Articles of Agreement by 29
countries.
The stated purposes of the IMF were to create international monetary cooperation, to stabilize
currency exchange rates, to facilitate the expansion and balanced growth of international trade, and
to make the
IMF's general resources temporarily available to its members experiencing balance of payments
difficulties under adequate ... Show more content on Helpwriting.net ...
Except for the Enhanced
Structural Adjustment Facility (ESAF) drawings, which are loans of other members? currencies,
members benefit themselves of the IMF?s financial resources by drawing on other members'
currencies, or SDRs, with an equivalent amount of their own currencies. The IMF levies charges on
these drawings and requires that members repay their own currencies from the IMF over a specified
time. There is no debate as to whether there should be a global organization to deal with these sorts
of things, but is the IMF the appropriate body to patrol these areas? More importantly, does the IMF
have the right to institute policies and unleash its bureaucratic entities upon these sovereign states?
Pros:
Though, it is important to note that the IMF?s main goal and purpose is to create a simple
international trade by the exchange of foreign currencies. Currencies have a value in terms of other
currencies and what others are willing to pay for it. The IMF has effectively eliminated the
restrictions on buying and selling national currencies by keeping members informed of each nation?
s current value of it?s monetary unit. The IMF is also a research guide that calculates national
outputs and how large or small a nation?s economy is for all members to view. Many countries that
lack personal finance and central banking turn to the IMF for assistance in solving

So Far International Monetary Fund (Imf) Has Been Failed...
"So Far International Monetary Fund (IMF) Has Been Failed to Curve Corruption, Reduce Public
Spending and Develop Macroeconomic Policies." What is IMF? The International Monetary Fund
and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and
are now based in Washington, DC. Now it is an organization of 188 countries, working to foster
global monetary cooperation, secure financial stability, facilitate international trade, promote high
employment and sustainable economic growth, and reduce poverty around the world. Nearly all
members of the United Nations are members of the IMF with a few exceptions such as Cuba,
Lichtenstein and Andorra. (About the IMF:IMF Website) The IMF was originally designed to ...
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✓ Lack of Transparency in Operation: The undemocratic make–up of the IMF 's boards is
compounded by a lack of transparency in their operations. Still beyond the reach of the public is any
knowledge of how decisions have been reached and what the process and reasoning was behind the
decisions. For example, at the IMF, executive board documents are published after five years,
executive board minutes are released after 10 years, and other archived material is available after 20
years. The time lag means no decisions can be scrutinized until well after they have been
implemented. Even when documents are released, they are only available at the IMF 's offices in
Washington DC. This effectively makes even the archives inaccessible to most politicians, groups
and individuals outside the US, an appalling situation tor a global institution. ✓ No Voting System
for Taking Any Decision and Electing Managing Director: Normally, there is no formal vote on
decisions taken by executive directors. The UK Treasury states that instead they "are taken on the
basis of consensus". In practice this does not mean that all executive directors agree on the decisions
to be taken. In reality, once the chair of the board meeting informally senses a majority to votes has
been found on an issue, executive directors in opposition

The International Monetary Fund ( Imf )
THE INTERNATIONAL MONETARY FUND (IMF) The IMF was set up during the Second World
War in the year 1944. It started operation in 1947 and it has been working with the UNO since. Its
headquarters is in Washington D.C in America. IMF provides short term loans to countries having
problems of balance of payments. It also provides technical advice to its members and ensures free
flow of trade by removing all trade restrictions. It establishes and maintains stable exchange rate
between member countries. Each member of the IMF Funds and could only withdraws 25% of its
contribution. However, the IMF has special Drawing Rights for member countries since 1970 and
subsequently some members have even draw more then what they have contributed. Nigeria is a
member of the IMF many African countries such as Sierra Leon, Ghana and Nigeria have met some
of the conditionality including cutting down of government subsidies particularly on education,
health and petroleum. The conditionality impose on borrowing nations by the IMF usually bring
unfold hardships such as unemployment, low standard of living and depressed economy etc. Nigeria
is currently experiencing all these problems. The International Banka Reconstruction and
development (IBRD), IBRD was established in 1944 with it's headquarters in Washington D.C.
U.S.A IBRD aim of reconstructing the economy of member nations ,assisting the development of
countries by giving them long term loan and providing technical assistance to member

International Monetary Fund : The Imf And The World Bank
The International Monetary Fund, otherwise known as the IMF and the World Bank are two of the
most economic organizations. While they are both economic organizations, they have different
objectives. In order to understand these objectives, one must know why these organizations were
formed and what if anything they have accomplished. Based on said accomplishments and also
based on their initial goals, one can infer which of the two has been a success. Therefore, it can be
said that when it comes to keeping with the original goal as to why the organization was founded,
the International Monetary Fund has failed while the World Bank has succeeded. To start, the
original goal of the International Monetary Fund was to "monitor and help maintain pegged but
adjustable exchange rates, primarily between the countries of Western Europe and the United
States." (Vreeland and Raymond). This international organization came into being as a part of the
"Bretton Woods Agreements." (Vreeland and Raymond) The "Bretton Woods Agreements" was
signed by 44 countries in order to establish both the IMF and the WB on July 22, 1944. Today, the
IMF is a near global organization with one hundred eighty nine members, almost as much as the
United Nations itself. (Vreeland and Raymond) Given the claim from above that the IMF has failed
in its original goal, why then does it have so many members? The answer to that question correlates
as to why the IMF is a failure in the first place. While the IMF was

Malawi And The International Monetary Fund ( Imf ) For Help
In the late 1990's, Malawi was facing financial hardships due in part to an AIDS epidemic. Gauding.
The country reached out to the International Monetary Fund (IMF) for help. The IMF imposes strict
rules that countries looking to obtain financial aid must adhere to, in many cases causing the country
in need severe social problems, including in the case of Malawi when they asked for aid to help
mitigate the unfortunate circumstances that had left many in the country in severe poverty, a poverty
that had developed to the level that the poverty itself was causing death and health problems in the
form of starvation and lack of basic medical solutions. The IMF stipulates that the countries it offers
aid to must stop giving subsidies to its citizens. Gauding. In the case of Malawi, the local
government was giving subsidies to farmers for nitrogen fertilizers, which allows food to be grown
to feed the nations people. Once the IMF demanded a stop to these subsidies, the rate of starvation
sky rocketed.
Finally, after years of the country's citizens starving – many literally to death –– due to the lack of
food caused by the Malawi government's abandonment of offering fertilizer subsidies to the nation's
farmers, a government regulation that was effectively imposed by the IMF's strict rules, the elected
president Bingu wa Mutharika decided to re–implement the fertilizer subsidies to the nations
farmers, an act directly in contradiction of the mandate of the IMF. Dugger. With the

The International Monetary Fund Essay
1. Introduction
1.1 What is the International Monetary Fund (IMF)?
"The International Monetary Fund is an organisation that provides short–term credit to 186 member
nations. The International Monetary Fund works to maintain orderly payments arrangements
between countries and to promote growth of the world economy without inflation. It supports free
trade in goods and services. To stabilize its members' economies, the IMF provides policy advice
and short–term loans when a member nation encounters financial difficulty."
World Book, Inc
1.2 The history of the International Monetary Fund (IMF).
The International Monetary Fund was designed during World War II by men whose worldview had
been shaped by the Great War and the Great ... Show more content on Helpwriting.net ...
The cumulative effect of history on the institution has been rather more profound and requires a
longer and larger perspective.
The fixed but adjustable exchange–rate system ended in August 1971 when President Nixon closed
the gold window, ending the U.S. commitment to keep the dollar price of gold at $35 per ounce. In
1973 the month of March, major countries agreed that the fixed exchange–rate system would not be
restored. Thereafter, currency values would be determined in various ways ranging from freely
floating exchange rates at one end to firmly fixed exchange rates at the other. By then, many
countries had removed exchange controls on both trade and capital movements. The international
economy faced a new challenge; they had to reconcile growth, low inflation and high employment
with open trading arrangements and international capital mobility. The oil shocks of the 1970s and
the mistaken economic policies in many countries that produced large deficits and inflation
increased the difficulty of achieving these goals and objectives. Nothing in the founding mission or
the accumulated experience of the IMF prepared it to deal with these evolving challenges.
2. How the IMF help with the financial crises and their problems.
2.1 The Bretton Woods agreement
The Bretton Woods framework was necessary to avoid a

The International Monetary Fund ( Imf ) Essay
Introduction:
The International Monetary Fund (IMF) is an international organization created in 1945 to foster
global monetary cooperation, secure financial stability, facilitate international trade, promote high
employment and sustainable economic growth, and to reduce poverty around the world. The IMF is
governed and accountable to the 189 countries that make up the global membership of the
organization. These goals make up the IMFs formal rules, the informal rules allow more access for
powerful countries, such as the United States and Germany, to set their foreign policy goals through
the facade of the IMF. The United States and other powerful nations like Germany, operate on a
constraint conditionality that allows them to influence countries based upon their Western ideals and
practices of democracy.
The IMF requires certain qualifications in order for countries to receive financial help. If countries
want to borrow money from the IMF, they must meet a certain set of conditions: fiscal policy
disciplines like avoiding large fiscal deficits relative to GDP, redirection of public spending from
subsidies toward primary education, health care and infrastructure investment, tax reform, market
determined interest rates, competitive exchange rates, trade liberalization, liberalization of inward
Foreign Direct Investment (FDI), privatization of state owned enterprises, deregulation and legal
security for property rights. These conditions are known as the Washington Consensus,

An Analysis of the International Monetary Fund in Jamaica
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Because of the erosion of the foreign exchange especially in terms bauxite and alumina export, the
money from the IMF can be used to pay for things like food and oil if the country cannot find
enough of its own money to pay for them.
With the signing of the IMF agreement the standard of living of many Jamaicans will be affected
during the life of the agreement. As the government continues to face economic pressure because of
the global recession and with the IMF agreements, Jamaicans will have to cut back on their
spending because of the imposition on the new taxes. When these taxes are imposed, Jamaicans can
expect to see an increase in many areas like bus fare, barber shop/salon, gas price etc. all these basic
necessities will be even harder than before to acquire. Person who has been examining their budget
before will be watching their budget even closer. With the extremely hard times that a many people
are about to face, many Jamaicans will lose confident in the government or blame the government
because of their failure to take the country out of the current economic crisis, or even more so
blaming the government to return to the IMF because of the economic strain it had on the country
before, also with the cut back of Constituency Development Fund, many people will be more irated
knowing that their "bad road" or shortage of water will have a less chance of been fixed. Many
social gathering like parties and clubs

International Monetary Fund ( Imf ) And World Bank
International Monetary Fund (IMF) and World Bank are both international financial institutes that
where formed in July 1944 by the United Nation in Bretton Woods, United States. They are
sometimes referred to as The Bretton Woods Institutes. They are both landers of last resort and they
both offer loans and help countries design policy programs to solve balance of payments problems
when sufficient finance cannot be obtained by the country. IMF offers short and medium term loans
whilst World Bank offers long term loans.
The World Bank, as an institute that offers loans and help countries design policy that will improve
human wellbeing, offered to help Zimbabwe improve its economy and balance of payments in 1992.
The program was referred to as Economic Structural Adjustment Program (ESAP) and it was a
policy designed by the World Bank itself. After independence, the government of Zimbabwe
invested heavily on education and health sectors through parastatals, in rural areas development and
the productive sectors. This led to an increased public sector which made up of forty–five percent of
the gross domestic product (GDP). The government of Zimbabwe accepted the policy and the World
Bank issued US$125 million as Structural Adjustment Loan and another US$50 million as
Structural Adjustment credit. The program was suppose to run for five years and the goals where to
reduce government spending 's, promote high growth and to reduce poverty and unemployment.
This was going to be

International Monetary Fund ( Imf ), World Trade...
Belgium, Dominican Republic, and Israel are members of the International Monetary Fund (IMF),
World Trade Organization (WTO) and World Bank. These organizations in their own right are trying
to improve the economy by facilitating internationals trading (IMF) , reducing poverty around the
world (IMF), ensuring that trading flows smoothly and freely (WTO) and providing financial advice
to assist in economic advancement (World Bank). Countries that are members of the IMF, WTO and
World Bank, in my opinion believe that working together , following the organizations guidelines,
can improve the economy. Belgium works with other international and regional organizations, to
encourage economic cooperation and assistance to developing countries. Belgium is a key provider
of humanitarian, reconstruction, and development assistance in Africa, Afghanistan, and Syria.
Belgium is also the host country of the European Union (EU) and North Atlantic Treaty
Organization (NATO) and plays an important role in discussions between European foreign
ministers and the Secretary of State.
Dominican Republic, along with the United States as well as other Central American countries are
part of the Dominican Republic–Central America–United States Free Trade Agreement (CAFTA–
DR). This agreement creates economic opportunities by eliminating tariffs, opening markets and
reducing barriers. It facilitates trade and investment among these countries and furthers regional
integration. Israel and the

The International Monetary Fund (IMF) was established in 1946, along with the World Bank. The
IMF was developed to promote all monetary cooperation and remedy economic problems incurred
during the post – war reconstruction period (Baylis; 2008: 245). The IMF was therefore considered
as the "rule keeper" and an important component in public international management. In the pursuit
to stabilise the exchange rate system, the IMF reserves the authority to change exchange rates.
Another vital role is control over the balance of payments deficit of states and governing the policies
which affect states monetary systems (Spero; 1990: 33). However, since the 1980 's, the IMF 's role
has settled into the position of an institution providing assistance, based on financial situations, to
developing countries. In order for countries to receive any assistance, the governments of those
countries must agree to certain conditions set out by the IMF and the World Bank which permits the
implementation of specific reforms provided by these institutions (Baylis; 2008: 245).
A PROJECT OF THE WORLD BANK OR IMF THAT CREATED PROBLEMS FOR
THE NATIONS THAT RECEIVED IT (COTE D'IVOIRE)
After two decades of economic growth starting in 1960, Cote d'Ivoire experienced economic decline
in the 1980s due to falling world prices for coffee and cocoa, its main exports. The country came
under World Bank/IMF

The Impact Of Global Financial Institutions Such As The...
This essay aims to explore and critically analyze the impact of the global financial institutions such
as the World Bank and International Monetary Fund (IMF). There was a discussion on reasons for
the establishment of the institutions. An examination using various illustrations of the conditions
these institutions impose on borrowing countries. Developing countries in the sub–Sahara Africa
and, in particular, Senegal will be used to explore dealing with above institutions and their
outcomes. It will also highlight reasons leading to the selected country applying for loan assistance.
The identified conditions attached to loans provided and its impact on health, economic,
environmental, political and cultural determinants. A conclusion will follow this.
The World Bank and the IMFs strategies and its impacts in the sub–Sahara region have come under
scrutiny. These highlighted the concerns about the region 's development with some Africans leaders
and international organizations questioning if those strategies were to improve or mired
development and standards of living in the region. Some critics have argued, that the World Bank
and IMF strategies employed by African countries to either get a loan or pay off their debts to the
IMF has led to high unemployment and poverty, therefore, hindering sustainable development
(Oya,2006). Though, many studies have explored the effects of IMF condition attached to the debts,
not often do they analyze the human right consequences of the

Markets And International Monetary Fund
Markets Want Greece in the Eurozone The fickleness of financial markets is a constant source of
both frustration and amazement, particularly in the Eurozone. Having started last week concerned
about the ramifications of a resounding "No" vote in Greece's referendum about bailout terms
imposed by the Troika, there was a strong rally in anticipation of deal eventually being signed
between Greece and her creditors. Markets have, therefore, seemingly taken the view that the best
known outcome is for Greece to remain in the single currency, regardless of the imperfections of
any agreement. In the absence of substantial debt write–downs, however, the situation facing Greece
remains dire. Both the US and International Monetary Fund (IMF) have ... Show more content on
Helpwriting.net ...
Thus, this highlights the utter hypocrisy of the current negotiations surrounding Greece: both France
and Germany, in fact, conveniently ignored the rules for the fiscal convergence criteria when it
suited them. Neither country was sanctioned in a major way. France could well find itself in the
firing line if it fails to prevent a Greek exit from the single currency. The sustainability of the current
membership of euro has, therefore, not been laid to rest. Understanding Events in China Events in
China took on a new level of intensity last week as the authorities attempted to stabilise the equity
market. The weakness appears to be event–drive as opposed to being the result of economic malaise.
In fact, recent economic data out of China suggests that recent stimulus measures appear to have
had some traction. The event in question appears to be a large margin call being made by one of the
main regulatory authorities. Recently, I mentioned that margin debt as a percentage of GDP was a
relatively high 8%. The problem facing the authorities was sourcing where the trouble was
emanating from. Margin debt can be originated from two sources: 1) licensed brokers, and 2) the
so–called grey market within the shadow banking system. The origination split is roughly 50/50
between the two sectors. This is where the similarities end. At licensed brokers, margin credit can
only be extended for up

Monetary Fund And The World Bank
nternational Monetary Fund and The World Bank, though has a good purpose of their existence,
they have come under lots of criticisms as to how they use the leverage of being in a position of
helping poor countries to either recover from economic collapse or give them debt relief and
economic boost from loans they give out to them to impose policies and condition that those poor
countries has to implement. These loan conditions and policies structured by these international
financial power institutions are geared towards moving resources from the poor countries to the rich
western countries. The end result is creating a situation where the poor countries sunk into more
economic suicidal condition in which they have to still depend on more loans or aids to survive and
they would have to comply with any condition attached to the help, due to the urgent need of
support.
As history goes, the International Monetary Fund and its fraternal institution, The World Bank were
created in 1944 after the second world war to rebuild Europe and its surrounding poor western
countries. As stated "The Bank 's first loans were extended during the late 1940s to finance the
reconstruction of the war–ravaged economies of Western Europe"(Driscoll, 1996). But these funds
were later extended to other poor countries who may need help with a boost in economy. This is
what later became of the world bank 's responsibility towards lending helping hand to poor
countries. The IMF website state that "The

The Policy Instruments And The International Monetary Fund
Consensus, general agreement among policymakers and scholars, is a difficult task to achieve;
however, John Williamson in 1990 claimed that Washington based institutions such as the United
States Government, think tanks, and the International Monetary Fund had formed a general
consensus regarding economic development polices in Latin America (Williamson 1990). He
outlined a framework and described ten policy instruments that policymakers agreed were necessary
to aid developing countries. The ten reforms that he mentioned included: fiscal discipline, public
expenditures focused on health, education, infrastructure, tax reform, liberalized interest rates,
competitive exchange rates, free trade policies, privatization, liberalization of ... Show more content
on Helpwriting.net ...
However, I will maintain that the Washington Consensus is the combination of neoliberal policy
preferences, which essentially is the "harnessing the power of markets" which was implemented by
international financial institutions during the 1980s and 1990s (Birdsall 2010 pp.6 ). Additionally, to
measure the success of the consensus it is proper to measure the economic growth and the poverty
rates in the region of Latin America because this is the same region Williamson first noticed the
Washington Consensus. In short, while the Washington Consensus may not be used in the same
manner as Williamson intended it to be, the Consensus has failed to help developing economies
grow – measured by GDP growth– and hasn't reduced poverty. It is safe to say there is no longer a
consensus among development policies; however, certain policy preferences and the end goal–
integration in the global economy– will still be found in the next consensus regarding economic
development (Nankani 2005 pp. xii). Additionally, from a theoretical level, the Consensus has failed
to recognize the diverse problems of each nation–state, and various other factors such as the lack of
institution building.
The Case Against the Washington Consensus While there is plenty of scholarly debate and discourse
regarding the correct definition of the

The International Monetary Fund (IMF) Essay
The International Monetary Fund (IMF)
International Monetary Fund (IMF), international economic organization whose purpose is to
promote international monetary cooperation to facilitate the expansion of international trade. The
IMF operates as a United Nations specialized agency and is a permanent forum for consideration of
issues of international payments, in which member nations are encouraged to maintain an orderly
pattern of exchange rates and to avoid restrictive exchange practices. The IMF was established
along with the International Bank for Reconstruction and Development
The IMF's Main Business: Macroeconomic and Financial Sector Policies In its oversight of member
countries' economic policies, the IMF looks mainly ... Show more content on Helpwriting.net ...
iv. To assist in the establishment of a multilateral system of payments in respect of current
transactions between members and in the elimination of foreign exchange restrictions which hamper
the growth of world trade.
v. To give confidence to members by making the general resources of the Fund temporarily
available to them under adequate safeguards, thus providing them with opportunity to correct
maladjustments in their balance of payments without resorting to measures destructive of national or
international prosperity.
vi. In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in
the international balances of payments of members.
The Fund shall be guided in all its policies and decisions by the purposes set forth in this Article.
Selected IMF Lending Facilities
Stand–By Arrangements form the core of the IMF's lending policies. A Stand–By Arrangement
provides assurance to a member country that it can draw up to a specified amount, usually over 12–
18 months, to deal with a short–term balance of payments problem.
Extended Fund Facility. IMF support for members under the Extended Fund Facility provides
assurance that a member country can draw up to a specified amount, usually over three to four
years, to help it tackle structural economic problems that are causing serious weaknesses in its
balance of

International Monetary Fund ( Imf ) And The World Bank
The HIPC Initiative
By HSvB
"The Heavily Indebted Poor Countries (HIPC) are a group of 38 developing countries with high
levels of poverty and debt overhang which are eligible for special assistance from the International
Monetary Fund (IMF) and the World Bank". The HIPC Initiative was initiated by the International
Monetary Fund and the World Bank in 1996. In 2001 Ghana declared itself as heavily indebted poor
country, according to the then president John Agyekum Kuffour, the decision of Ghana to be part of
this initiative was mainly because of the poor state of the economy. As a result of this the nation was
expected to receive a total of 253 million dollars of IMF and the World Bank to help relieve the
country from various debts and to invest the rest in infrastructure, basic education, health facilities,
water and sanitation. As a result of the HIPC initiative there were some positive change in the lives
of the people in terms of healthcare and some aspects of basic education. There was an introduction
of free healthcare to all Ghanaian citizens in the country and the already existing free basic
education was enhanced. However the prices of goods and services increased by the day. The rate of
unemployment shot up drastically as many people were losing their jobs both in the public and
private sector, there was constant depreciation of the currency and frequent sales of state owned
property.
Apparently, the negative outcome of the initiative was as a result of the

International Monetary Fund IMF Essay
IMF
The International Monetary Fund–also known as the "IMF" or the "Fund"–was conceived at a
United Nations conference convened in Bretton Woods, New Hampshire, U.S. in July 1944. The 45
governments represented at that conference sought to build a framework for economic cooperation
that would avoid a repetition of the disastrous economic policies that had contributed to the Great
Depression of the 1930s.
==►IMF describes itself as "an organization of 184 countries, working to foster global monetary
cooperation, secure financial stability, facilitate international trade, promote high employment and
sustainable economic growth, and reduce poverty".
Development of issues towards IMF
==►In the 1930s, as ... Show more content on Helpwriting.net ...
Mandate of IMF at that Time:
1. It should stabilize and establish a clear and single value for each currency.
2. Encourage unrestricted convergence of one currency into another.
3. oppose practices as comparative devaluation (The effect of comparative devaluation: There was
shift in investment flow that has totally restricted the trade)
4. There immediate post war objective was ==►elimination of exchange restrictions relating to
trade in goods and services, and the stability of exchange rates.
Exchange rate stability – par value system
==►Countries that joined the IMF between 1945 and 1971 agreed to keep their exchange rates (the
value of their currencies in terms of the U.S. dollar and, in the case of the United States, the value of
the U.S. dollar in terms of gold). That was very stable exchange rate system and was known as Par
Value System also known as the Bretton Woods system.
==►prevailed until 1971, when the U.S. government suspended the convertibility of the U.S. dollar
(and dollar reserves held by other governments) into gold.
==►Since then, IMF members have been free to choose any form of exchange arrangement they
wish (except pegging their currency to gold): allowing the currency to float freely; pegging it to
another currency or a basket of currencies; adopting the currency of another country; or
participating in a currency bloc.

Over the Years Challenges faced by IMF
1. End of the par

The World Bank And The International Monetary Fund
Economics in an International Context Essay
Name: Yousef Al Zarafy
Module Code: FC006 – Economics in an International Context
Module Teacher: Georgina Chapman
Assessment Type: Individual Essay
Assessment Title: "Africa needs to be rich – rather than green" claims Matt Ridley. Would this
statement also apply to developing economies? Using clear Example, discuss the role and influence
of The World Bank and the International Monetary Fund in the developing countries of Europe.
Submission Date and Time: Monday 15 February 2016 before 3pm
Word Count:
Introduction
What is the World Bank and the International Monetary Fund? The World Bank is an important
source of financial and Technical help to countries that are still ... Show more content on
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A rise in population leads to an increase of demand for natural resources. The potential of a rise in
living standards is directly linked to the available employment opportunities. In the developing
economies in africa this is not possible at the moment without the help of external factors. This is
where the world bank and I.M.F. come into action. The loans provided by such organizations allow
for the governments of said economies to create employment opportunities and provide a benefit to
the community. (References)
China
Take China for example. Until this day China has one of the most developed economy and is still
developing at a very rapid rate. They have a current gdp of 9.24 trillion, their population is now
around 1.37 population, china 's gdp increases by 10% every year, they have recently became the

second largest economy, and they play a very essential part in the world 's economy. Although china
has developed their economy that far, they still have issues with their economy. China has the most
polluted cities in the world, you can clearly see the tribble condition of the air, because they don 't
control their emission rates properly. Any economy that develops this much, must also account for
its environment. According to the statistics China also has the second highest number of people
living in poverty.(2016 The World Bank). With this information you can say that you must find an
equal balance of developing the economy but also staying

International Monetary Fund Role : Imf
International Monetary Fund Role According to their website (www.imf.org), the International
Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary
cooperation, secure financial stability, facilitate international trade, promote high employment and
sustainable economic growth, and reduce poverty around the world. The organization was created in
1945 and is governed by and accountable to the 188 that make up its near–global membership.
Some notable countries that are part of the IMF are the United States, Japan, and China. Months
prior to the crash, reports from the IMF on the developing Asian economies were positive and
commended the countries for their ability to operate within the larger scale global economy. Months
later, the IMF was forced to develop multibillion dollar emergency packages for the same countries.
A year later other countries, such as Russia and Brazil, too required support and billions of dollars.
In total, the IMF arranged around $184 billion in an attempt to maintain the global economy. Part of
the IMF emergency packages included the enforcement of shutting down failing banks and other
financial institutions with significant debts followed by raising domestic interest rates. The idea was
to reestablish the confidence that the nations affected by the crisis would be able to repay their long
term debts by penalizing the bankrupt companies. Effect on the United States Though the markets
didn't collapse in the

The International Monetary Fund (IMF) Essay
"If you owe your bank a hundred pounds, you have a problem; but if you owe it a million, it has.(1)"
In the year of 1327, Kind Edward III of England defaulted on his Italian debts. This caused the
banks of Bardi and Peruzzi in Florence to collapse. Who would know that over 650 years later, the
world would still have these types of problems? After World War II, the need for an organization
like the IMF was finally realized. After the war, politicians and economists began to work on blue
prints for a postwar world. They envisioned a liberal international economic order, based on stable
world currencies and revived world trade. The International Monetary Fund (IMF) finally came into
existence on December 27, 1945. On this date, twenty–nine ... Show more content on
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International banks have made risky loans all over the world because they knew that if trouble
arose, the fund would step in to resolve the situation – as it has done in the past. The IMF has played
a critical role in many of the epochal events in the 1990's. The IMF lent 18 billion dollars to Mexico
in 1994, after the peso collapsed. It gave Russia over 10 billion dollars in 1999. The IMF has helped
drive inflation from 1,000 percent a year down to a tolerable 10 percent a year, thanks to Russia
listening to what the IMF said and doing as they suggested. It has given Indonesia 10 billion dollars,
and has helped Indonesia demonopolize industries. It gave 4 billion to Thailand, which was the
epicenter of the East Asian Crisis. The IMF helped closed dozens of reckless banks. True, the IMF
did many little things wrong, however, it did the important ones right. The Philippines is a prime
example on how effectively the IMF can work. For years, Filipinos suffered the weaknesses of
economic and business policies. Under the tutelage of the International Monetary Fund for nearly 30
years, and especially during the past decade, they faced up to their problems. Many sectors of their
society suffered greatly, and some complained loudly. However, they persisted and, with the help of
the IMF and the courage of the Philippine people, they exited from the IMF program. How did they
do this? They assembled one of the best economic

The Role Of International Monetary Fund And The World Bank...
Introduction
Considering the international organizations all could be a complex function in terms of the World
problems. This essay discusses the role of the International Monetary Fund and the World Bank
positions in the World life. The essay will reflects the two organizations purposes, also provide an
inside to the operation system, decision making, structure and shows some example for the failure
or success of the institutions.
Finding
International Monetary Fund (IMF) aims to maintain and defeat and sometimes to restrain the
financial crises. (BBC, 2012) Basically it was created to avoid another Great Depression with an
economical cooperation. It was founded more than 60 years ago at the end of the II World War.
(International Monetary Fund, 2015) Mostly the institution has directed to focus the developing
world. Nowadays there are few purposes of the IMF such as monetary stability, exchange rate
stability, facilitate trade, help their members with balance the payment difficulties and also to help
with the poverty reduction. (International Monetary Fund, 2015)
The International Bank for Reconstruction and Development which was the forerunner of the World
Bank (WB) – was established to handle post–war renewal. Nowadays the organisation is the biggest
leading development institution and basically operating for growth and poverty decrease. "Owned
by the governments of its 188 member states, the Bank channels loans and grants and advises low
and middle–income

The International Monetary Fund And World Bank Group
The International Monetary Fund and World Bank Group The International Monetary Fund (IMF)
and the World Bank have had enormous impact upon the world's economies since their inception,
after World War II. Although each of these organizations has a similar history, their role, objectives
and funding are unique. These Washington DC–based organizations have drawn more than their
share fair share of criticism as well as praise. Modern nations require thoroughly understand of these
organizations. The IMF's beginnings derived from two tragedies. In the latter days of World War II
at the Bretton Woods conference took place in New Hampshire in 1944. Between the great
depression and the economic devastation of World War II the confidence in ... Show more content
They achieve this through their three core competencies, surveillance, subject matter expert support,
and lending. The IMF's objectives certainly benefit their member nations. The IMF has five unique
objectives. The objectives are to promote international monetary cooperation, to facilitate the
expansion and balanced growth of international trade, promote exchange stability, assist in the
establishment of a multilateral system of payments, and make resources available to members
experiencing balance of payment difficulties. Adequate safeguards for principal must always exist to
maintain the health and feasibility of the IMF. The IMF primarily focuses on short–term financial
problems. Of course, the IMF has an obligation to their member nations whose funding makes their
work possible. When a nation chooses to join the International Monetary Fund, the organization
assigns a quota to the nation. The International Monetary Fund uses a calculation between the global
economy and the nation's economy. The quota is determined by that computation. This quota is also
used to determine how much IMF funding can be return to the nation in its time of need. When the
nation enters the IMF 25% of the quota must be paid in US dollars, euros, yen, pound sterling. The
other three quarters can be paid in the nation's own currency. This was not always the case,
originally nations had to pay the 25% in gold. This made the IMF one of the world's

International Monetary Fund ( Imf )
GLOBAL BUSINESS SUSTAINABILITY INTRODUCTION International Monetary Fund (IMF)
is an organization consisting of 188 nations functioning towards global monetary cooperation,
ensuring financial stability, minimizing poverty around the world (IMF, 2014). In this report its
functions of IMF and its effectiveness have been explained to describe minimizing financial
imbalances by the countries. UK has been the main focus in this study. The impact of IMF policies
on social and environment in UK and how improvement may be made have been delineated. This
report is useful for to understand IMF's role in global financial sustainability of different countries.
THE KEY FUNCTIONS OF IMF The major functions if IMF is linked to three key areas. ... Show
more content on Helpwriting.net ...
The IMF is also having an important role to fight against money laundering as well as terrorism
(IMF, 2014a). The Responsibilities of IMF: The primary objective of IMF remained confirming
stability of international monetary system; exchange rates policy as well as international payments
which enables nations (as well as citizens of them) for making transaction with each other. Such
Fund's mandate could be updated during 2012 for comprising every macroeconomic as well as
financial segment issues which endures global sustainability. Surveillance: For maintaining stability
as well as to check crises towards international monetary system, a review is made by IMF towards
policies of the countries, regional national as well as global economic as well as financial
developments by means of a formal system termed as surveillance. Advices are given by IMF to its
member countries (188), reassuring policies which can foster towards economic steadiness,
minimize vulnerability towards economic as well as financial crises as well as uplifting living
standards. This gives consistent assessment towards global visions towards World Economic
Outlook, towards financial markets for report on global financial stability,

Hostility Against the World Trade Organization,...
Hostility against the World Trade Organization (WTO), International Monetary Fund (IMF), and
World Bank Far from being seen as objective entities, the World Trade Organization (WTO),
International Monetary Fund (IMF), and World Bank are often conceptualized as instruments of the
developed world. It is alleged that they are used to enforce crippling economic policies upon the
developing world. To some extent, it is perhaps inevitable that these international institutions are
seen as such. The memory of colonial exploitation in Latin America, Africa, and other developing
nations runs deep, and the power dynamic of these institutions relative to the nations they are
ostensibly helping often echoes the relationship of the colonizing to the colonized. Another reason
for the hostility directed towards these economic entities, however, is the extent to which they are
viewed as implementing a 'cookie cutter' policy of neoliberalism that is insensitive to the diverse
needs of affected countries. "The WTO, IMF and World Bank have been major counterparts in the
creation and management of the modern world economy. Their activities are endorsed by
economically dominant governments and corporations who favor neoliberal policies and free–
market solutions of debt–based finance and international trade as the route to poverty reduction"
(Makwana 2013). Critics contend that neoliberalism has left affected nations with "crippling debt
and a fragile economy," while supporters contend that

The And International Monetary Fund
Living Below the Line The majority of the world's nations and people are in a state of poverty. Most
in–debt nations are a result of guidelines set by global establishments that use the nation's
desperation to their advantage. Also, many causes of hunger result in poverty. Additionally, the
world as a whole has spent unfathomable amounts of money for wants, when achieving basic
necessities for developing countries is far less. Poverty would not have to exist if the developed
world was not greedy to satisfy and only concerned with their own wants. As an outcome of
neoliberalism circumstances set by global institutions, such as the World Bank and International
Monetary Fund (IMF), many nations have been in debt and in poverty since they ... Show more
content on Helpwriting.net ...
As a result, "governments then need to increase exports just to keep their currencies stable [and in
order to do so,] governments therefore must spend less, reduce consumption..." (Shah). In reality,
the financial "assistance" provided actually worsens the poverty and keeps the nation for attaining
financial stability. Another notion is for developing nations to advertise their resources to have
investors interested and to bring in money, however many other developing nations might advertise
the same resource. The battle between the nations can lead to a price war. Poor countries need to pay
off their debts and the best way to do is to export more resources. Developing nations desperately
need the money and to obtain it "[they enter the global market] before they are economically and
socially stable and ready–and told to concentrate on similar cash crops and commodities as others,
the situation resembles a large–scale price war" (Shah). Once again, this favours the West instead of
making a significant change in the status of poor regions. The developing countries will lower their
prices to make them more appealing to potential investors. As a realistic solution, I would suggest
for governments to put laws that would allow them to have more control over their own resources
and industries. They need to set laws where the developing region's government is required to have
a certain level of involvement in global affairs. In addition to the laws, I believe that the

North American Free Trade ( Nafta ) And The International...
Ever since organizations and agreements like the North American Free Trade (NAFTA) and the
International Monetary Fund (IMF) were created around the end of World War 2 to supposedly help
the Third World nations to establish better economies and governments, they have only done more
harm than good for these nations. These third world countries end up becoming exploited and
extorted, forced to become dependent on the big international organizations like the IMF because of
the exorbitant interest rates charged on them, thus they remain forever in debt. The accumulation of
debt then allows the IMF to have more voice over how the indebted countries should be shaped and
how they should run their economy. What ends up happening then is that their ... Show more content
Because of such policies, many women end up struggling at home and eventually, in desperation,
they end up leaving home to find work elsewhere. First, let us examine how economic policies like
the structural adjustment policies implemented by the IMF affect a country. A great example of this
is detailed in Ault and Sandberg's "Our Policies, Their Consequences", where both authors explore
how seriously the structural adjustment policies changed the economic state in Zambia. As these
authors point out, the terms of the loans "reflect the economic and political interests and values of
the world's wealthiest nations (470)". It is seen here already that that does not bode well for Zambia.
One clearly can see that globalization is just another way first world nations still colonize the world,
but instead through means of economic and trade conquests. Now, the article continues on to talk
about the kind of changes that the IMF implemented on Zambia: they wanted them to devalue their
currency and stop supporting many domestic programs, social welfare programs, and fire federal
employees and instead they wanted them to focus on increasing their exports for the global market.
And what are changes without its consequences? Because the IMF favored the growth of
international markets, the local economy in Zambia suffered greatly. Devalued

The International Monetary Fund (IMF) was one of the many international organizations that
emerged after the end of World War II. The primary function of the IMF is to promote the
international financial stability and spur monetary cooperation. Many countries see the IMF as a
"lender of last resort" (Thacker, 1999:38), meaning countries borrow money from the Fund for
"short–term balance of payment support" (Steinwand and Stone, 2007:11) in order to avert the
collapse of their domestic economies. Many of the loan programs offered by the IMF are
accompanied by the terms commonly known as conditionality. IMF conditionality is a set of
intensive fiscal and monetary policy reforms that must be implemented by the borrowing country.
An important question often raised in connection with IMF imposed conditionality is whether such
programs are effective and they work to enhance the economic situation of the developing country.
In this paper, I argue that there are mixed results regarding the IMF program effectiveness, and the
success of IMF lending program does depend on domestic factors of the borrowing country.
The effectiveness of IMF lending program has been limited due to various reasons. First, powerful
shareholders can defend their allied states from the consequences of their failure to abide by the
IMF imposed conditionality (Stone 2008, Steinwand and Stone 2007, Thacker, 1999). Secondly,
there is a principle–agent problem with the IMF lending program, often resulting in

Unrestricted Capitalist Development and the International...
Unrestricted Capitalist Development and the International Monetary Fund: Their Economic and
Social Effects on Buenos Aires. Argentina The day is Friday, December 21, 2001. After three days
of massive riots the city of Buenos Aires looks like an abandoned battlefield. Its grand palm–lined
avenues are strewn with burnt–out shells of cars, smashed glass, rocks, and twisted furniture.
Unemployed people, pensioners, and women with babies climb through smashed supermarket
windows searching for any food that looters left behind. Most banks and shops are closed, and
dazed people wander the streets, confused and fearful of their nation's state of affairs (Arie 11).
The "battle" started on Monday, December 17, with massive food ... Show more content on
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This only led to the rest of the population becoming involved, however, as thousands of middle
class citizens joined the fray (Ximenez). Nelli Mai, an unemployed 62–year–old psychologist said,
"the poor people had detonated something, and it was up to us in the middle class to continue and
finish it" (Rohter 6).
Almost immediately, residents of middle–class neighborhoods in Buenos Aires went to their
windows and began a "noise protest" by banging pots and pans, a traditional form of protest
throughout Latin America. Before long, their rage still unsatisfied, protesters spilled into the streets
by the thousands and began marching to the Plaza de Mayo. At the seat of government, known as
the Casa Rosada (Pink House), and on Congress and Los Olivos, the president's residence,
protesters chanted the name of their country (Rohter 6). For many it was the sound of the "Argentine
Revolution."
Largely middle–class demonstrators swarmed key landmarks and blocked main thoroughfares
across Buenos Aires. As protesters demanded the resignation of the unpopular de la Rua, police
were forced to clear the peaceful demonstration (Gardner 9). In the Plaza de Mayo, which has seen
some of the bloodiest and most historic moments in Argentina's rocky political past, officers swung
batons, fired rubber bullets and tear gas, and aimed water cannon (see illustration 1) on the throngs
of demonstrators besieging the Casa Rosada.

The IMF's primary purpose is to ensure the stability of the international monetary system–the
system of exchange rates and international payments that enables countries (and their citizens) to
transact with one other. This system is essential for promoting sustainable economic growth,
increasing living standards, and reducing poverty. The Fund's mandate has recently been clarified
and updated to cover the full range of macroeconomic and financial sector issues that bear on global
stability. The IMF was established at the Bretton Woods conference in 1944 to provide short term
financial assistance to countries experiencing problems with their trade deficit or other Balance of
Payments issues, so they could maintain stability in exchange ... Show more content on
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The IMF Board of Governors is composed of representatives of the 185 member countries. The
Executive Board has 24 members that usually represent a coalition of like–minded countries in one
representative. Lending decisions are made with consensus in a simple majority vote. Structural
decisions require 60% majority where, G–5 countries collectively can nearly veto since they
currently have 38% vote. Fundamental structural decisions e.g. changes in voting power require
85% majority; US has enough voting power to veto (>15%). Economic nationalists would say
that the IMF voting structure enables powerful countries to promote their own national interests.
Structuralists would say rich capitalist countries have the most voting power which is to the
detriment of the developing countries. Embedded liberals would say that the type of conditions IMF
imposes and the aid it provides helps troubled countries get back on track, stimulates their economy
and gets the trade balance in equilibrium. In December 1997 the IMF announced a $57 billion loan
package to bail South Korea out of its financial crisis accompanied by strict conditions. Some short
term conditions were to reduce government spending, increase taxes and raise interest rates. Longer
term structural reforms were also mandated: liberalizing foreign investment policies, opening
domestic financial markets, implementing western lending standards, closing insolvent banks,
reforming labor laws and reducing import

International Monetary Fund And The World Bank
THE WORLD BANK AND IMF – HIPC
International Monetary Fund and The World Bank, though has a good purpose of their existence,
they have come under lots of criticisms as to how they use the leverage of being in a position of
helping poor countries to either recover from economic collapse or give them debt relief and
economic boost from loans they give out to them to impose policies and condition that those poor
countries has to implement. These loan conditions and policies structured by these international
financial power institutions are geared towards moving resources from the poor countries to the rich
western countries. The end result is creating a situation where the poor countries sunk into more
economic suicidal condition in which ... Show more content on Helpwriting.net ...
In order to rebuild Europe after a devastation second world war, common sense would tell you that
the institutions would not like to deplete its resources. So the question of exploiting loan seekers or
poor countries who later became part of the countries seeking financial help from the world bank
and the IMF.
The main function of the International Monetary Fund according to IMF fact sheet (2016, March
23) "To ensure the stability of the international monetary system–the system of exchange rates and
international payments that enables countries (and their citizens) to transact with each other".
Simply put, the organization beginning with 44 countries and now 189, has one aim, to make sure
there is a global or international stability in the world economy by monitoring resources and
exchange rates across goods and services trading among member countries and ensuring that there
would not be an economic collapse in respective member countries. Same IMF factsheet do more
elaborating on their term surveillance as stated as "To maintain stability and prevent crises in the
international

International Monetary Fund Argentina Project And Its...
The International Monetary Fund Argentina Project and its problems and outcomes
One project of the International Monetary Fund was a series of loans given to the country of
Argentina in the 1990s through 2001. In the 1990s many investors and brokers looked to Argentina
for investments as they rated its economy as one of the world 's strongest (Blustein, 2003, Aug 3). It
was at this time that Argentina first started to follow the International Monetary Fund formula for
economic stabilization in development including reducing budget in balance of payment deficits,
raising interest rates, reducing inflation, privatizing state assets, and reducing trade barriers and
regulation on capital flows in and out of the country (Paddock, 2002, p. 158). These policies helped
reduce the hyper–inflationary levels that Argentina had reached during the 1980s. This positive
outlook may have prevented a needed change in the economic policies when the effects of the
Mexican peso crisis in 1995 placed Argentina 's economy in a brief recession. It wasn 't until 1998
that Argentine policymakers discussed the country 's finances with a senior official of the
International Monetary Fund who sounded the alarm that the country might be headed for an Asian
style melt down. However despite the warning significant economic changes were not made, in part
due to the confidence that money could be easily acquired from the International Monetary Fund
(Blustein, 2003, Aug 3). In 1999 the financial

International Monetary Fund ( Imf )
Aims/Purpose
International Monetary Fund (IMF) aims to maintain and defeat and sometimes to restrain the
financial crises. (BBC, 2012) Basically it was created to avoid another Great Depression with an
economical cooperation. It was founded more than 60 years ago at the end of the II World War.
(International Monetary Fund, 2015) Mostly the institution has directed to focus the developing
world. Nowadays there are few purposes of the IMF such as monetary stability, exchange rate
stability, facilitate trade, help their members with balance the payment difficulties and also to help
with the poverty reduction. (International Monetary Fund, 2015)
The International Bank for Reconstruction and Development which was the forerunner of the World
... Show more content on Helpwriting.net ...
Both organisation still developing to react for the future economical problems. (IMF–Factsheet,
2014)
Size/Structures/Decision making
The IMF is really small institution which is based on around 2300 staff member and generally the
most of the members working in Washington but of course the organisation has offices in Paris and
Geneva as well. (IMF/David D. Driscoll, 2015)
The IMF is financed by quota which is charged and paid by all the nations who are members. This
quota is based on the member countries wealth. Which means if a country paying higher
contribution they will get greater voting rights in the decision making. If a member has a problem
can apply and get a short period grant, but of course just credit against because the IMF is not a
charity body. (BBC, 2012) "The largest member of the IMF is the United States, with a current
quota of SDR 42.1 billion (about $65 billion), and the smallest member is Tuvalu, with a current
quota of SDR 1.8 million (about $2.78 million)" (IMF/Quotas, 2015) This quota system has an
impact on the quota

In the last chapter we looked at how incompetent and politically driven economic policy making
drove Europe into prolonged recession and high unemployment. The financial crises and fear of a
meltdown slowed world economic growth considerably. In October 2010, the International
Monetary Fund (IMF) projected 4.6 percent growth for the global economy in 2013; it ended up
being just 3 percent. This difference may not seem like much, but in terms of lost output it is more
than $800 billion, and it is not only in the rich countries. This meant that tens of millions of people
worldwide were pushed into poverty and unemployment, including in developing countries –
despite the fact that the big policy mistakes were being made in Europe. To most of the people who
write about these issues, and most of the media, there was not much that could have been done
differently, that would have assured a speedy and robust recovery. But they are wrong.
One of the more common justifications for the slow recovery and prolonged unemployment that has
followed the Great Recession – to varying degrees in both the United States and Europe – is that this
is an inevitable result of recessions brought about by financial crises. This argument seems to have
been given added weight by economists Carmen Reinhart and Kenneth Rogoff.
While there is some debate over whether recessions caused by financial crises really do have more
prolonged recovery periods, such a historical relationship – if it exists –

The International Monetary Fund For World War II

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