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ECON4




The International Monetary
           Fund
        Brief Background




                           Aquinas College Economics Department
Brief History
•   Formed formally on December 27th 1945
•   It originally had 29 members which founded it
•   It now has 188 countries which are members of the IMF
•   It is headquartered in Washington DC




                                                    Aquinas College Economics Department
Stated Objectives
• Promote International Economic Cooperation
• Promote International trade, employment and exchange rate
  stability
• Making financial resources available to member countries to meet
  balance of payments needs




                                                   Aquinas College Economics Department
IMF Members




 Pretty much everyone except for Cuba, North Korea, The Vatican, Andorra,
 Monaco, Liechtenstein, Nauru, Cook Islands and Palestine

                                                       Aquinas College Economics Department
Qualifications for Membership
•   Any country can apply to be part of the IMF
•   Members need to make periodic payments for membership
•   Refrain from currency restrictions
•   Follow the Code of Conduct in the IMF Articles of Agreement
•   Provide the IMF with national economic information



• Some countries have a difficult relationship such as Argentina and
  the IMF which doesn't participate in Article IV Consultation.




                                                     Aquinas College Economics Department
Benefits
• Countries all have information on other countries economic
  performance
• Opportunity to try and influence other nations economic policy
• Assistance in Banking
• Assistance in Fiscal Policy matters
• Assistance in Exchange Rate related problems
• Financial Assistance
• Increase trade and investment opportunities




                                                    Aquinas College Economics Department
IMF Key
People
Managing Director:
Christine Lagarde




                     Aquinas College Economics Department
Useful Links
 AS Level Revision Site (ECON1, ECON2)
     • http://www.aquinaseconomicsas.co.uk

 A2 Level Revision Site (ECON3, ECON4)
     • http://www.aquinaseconomicsa2.co.uk

 Aquinas Economics on Twitter
     • http://www.twitter.com/aquinaseconomic




                                                Aquinas College Economics Department

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The International Monetary Fund

  • 1. ECON4 The International Monetary Fund Brief Background Aquinas College Economics Department
  • 2. Brief History • Formed formally on December 27th 1945 • It originally had 29 members which founded it • It now has 188 countries which are members of the IMF • It is headquartered in Washington DC Aquinas College Economics Department
  • 3. Stated Objectives • Promote International Economic Cooperation • Promote International trade, employment and exchange rate stability • Making financial resources available to member countries to meet balance of payments needs Aquinas College Economics Department
  • 4. IMF Members Pretty much everyone except for Cuba, North Korea, The Vatican, Andorra, Monaco, Liechtenstein, Nauru, Cook Islands and Palestine Aquinas College Economics Department
  • 5. Qualifications for Membership • Any country can apply to be part of the IMF • Members need to make periodic payments for membership • Refrain from currency restrictions • Follow the Code of Conduct in the IMF Articles of Agreement • Provide the IMF with national economic information • Some countries have a difficult relationship such as Argentina and the IMF which doesn't participate in Article IV Consultation. Aquinas College Economics Department
  • 6. Benefits • Countries all have information on other countries economic performance • Opportunity to try and influence other nations economic policy • Assistance in Banking • Assistance in Fiscal Policy matters • Assistance in Exchange Rate related problems • Financial Assistance • Increase trade and investment opportunities Aquinas College Economics Department
  • 7. IMF Key People Managing Director: Christine Lagarde Aquinas College Economics Department
  • 8. Useful Links AS Level Revision Site (ECON1, ECON2) • http://www.aquinaseconomicsas.co.uk A2 Level Revision Site (ECON3, ECON4) • http://www.aquinaseconomicsa2.co.uk Aquinas Economics on Twitter • http://www.twitter.com/aquinaseconomic Aquinas College Economics Department