International Monetary Fund: Difference between revisions

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(Updated purpose and responsibilities to align with IMF website: Source: http://www.imf.org/external/about.htm)
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The IMF promotes international financial stability and monetary cooperation.
The IMF promotes international financial stability and monetary cooperation.


The responsibilities of the Fund include:
 
*oversight of the international monetary system  
The responsibilities of the IMF include:
*monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability
*Oversight of the international monetary system.
*providing loans to member countries experiencing actual or potential balance of payments problems
*Monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability.
*designing economic policies to enable member countries to manage their financial affairs more effectively  
*Providing loans to member countries experiencing actual or potential balance of payments problems.
*Designing economic policies to enable member countries to manage their financial affairs more effectively.


   
   
== See also ==
== See also ==
* [[Bretton Woods Conference]]
* [[Bretton Woods Conference]]
* [[European Union]]
* [[Exchange rate]]
* [[Exchange rate]]
* [[Exchange Rate Mechanism]]
* [[Exchange Rate Mechanism]]
*[[Fund]]
* [[Monetary]]
* [[World Bank]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Latest revision as of 21:36, 10 July 2022

(IMF).

An international organisation created by the Bretton Woods Agreement in 1944.

The IMF promotes international financial stability and monetary cooperation.


The responsibilities of the IMF include:

  • Oversight of the international monetary system.
  • Monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability.
  • Providing loans to member countries experiencing actual or potential balance of payments problems.
  • Designing economic policies to enable member countries to manage their financial affairs more effectively.


See also