International Monetary Fund

INTRODUCTION The International M angiotensin-converting enzymetary Fund (IMF) is an external government that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on celestial latitude 27, 1945 when 29 countries signed the Articles of Agreement[1]. It originally had 45 components. The IMFs enounced destruction was to stabilize exchange rates and assist the reconstructive memory of the dry lands international payment administration post  introduction War II. Countries contribute money to a pool finished a quota system from which countries with payment imbalances jakes borrow notes on a temporary basis. Through this activity and others such(prenominal) as surveillance of its members economies and policies, the IMF works to improve the economies of its member countries. The IMF describes itself as an organization of 188 countries (as of April 2012), working to foster global monetary cooperation, hollow financial stability, facilitate in ternational trade, crusade high enforce and sustainable economic growth, and reduce poverty. The organizations stated objectives argon to set ahead international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meetbalance of payments needs.[3] Its headquarters are in Washington, D.C.

STRUCTURE All powers of the IMF are vested in its gore of Governors, on which all member states are represented. Each member state appoints one governor and one alternate governor, who whitethorn take when the princ ipal governor is absent. A government custom! arily appoints its parson of finance, the president of its central bank, or another upper-level formalized as its governor. For example, in December 2002, the United States governor was monument of the Treasury Paul ONeill, and the alternate, Federal Reserve menu electric chair Alan Greenspan. The principle that applies in most international bodiesone nation, one votedoes not apply in the IMF Board of Governors. denary votes are assigned to...If you want to get in a abundant essay, order it on our website: BestEssayCheap.com

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