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Topic: International Monetary Fund


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IMF

  
  What Is the International Monetary Fund?
Members of the IMF believe that keeping other countries informed of their intentions regarding policies that influence payments by the government and residents of one country to those of another, rather than making a secret of such policies, is to everyone's advantage.
The IMF is now well known to the general public for lending billions of dollars to the countries at the center of the Asian financial crisis and to Russia.
This is not the case, as the IMF remains primarily a supervisory institution for coordinating efforts to achieve greater cooperation in the formulation of economic policies.
www.imfsite.org /operations/driscoll998.html   (7327 words)

  
  International Monetary Fund - Wikipedia, the free encyclopedia
Many proponents of the IMF contend that some criticisms are the result of the fact that many people are not familiar with the operations and objectives of the IMF, and blame a lack of transparency within the IMF for this, as well as the dense nature of international finance in general.
The IMF frequently advocates currency devaluation, criticized by proponents of supply-side economics as inflationary.
That said, the IMF sometimes advocates "austerity programmes," increasing taxes even when the economy is weak, in order to generate government revenue and balance budget deficits, which is the opposite of Keynesian policy.
en.wikipedia.org /wiki/International_Monetary_Fund   (2756 words)

  
 The International Monetary Fund   (Site not responding. Last check: )
The quota system amounts to an agreement of hard-currency countries to lend funds to the soft-currency countries, and it ultimately represents a net transfer of funds from citizens of industrialized countries to the debtor nation governments (since the loaned funds are continuously rolled over or re-loaned, and not repaid to the donor country).
The fact that the IMF loans are "conditionality agreements," which require the debtor nations to adhere to (or at least work toward) specific IMF-mandated policies, is pointed to by some Fund supporters as a crucial function served by the Fund, and one which justifies its existence.
The IMF is seen by many within government (as well as banking and academic) circles as "the world's master economic trouble-shooter," and there is a growing call for an increased role for the Fund in world monetary and economic affairs.
www.self-gov.org /freeman/8904ewer.html   (4100 words)

  
 International Monetary Fund - SourceWatch
The International Monetary Fund (IMF) is an international financial institution (IFI) which monitors the international financial system and provides loans to developing country member-states with balance-of-payments problems.
The creation of the IMF was a ‘compromise’ between the proposals put to the Bretton Woods conference by head negotiators from England and the USA: John Maynard Keynes and Harry Dexter White.
IMF Staff, "The Logic of Debt Relief for the Poorest Countries," International Monetary Fund, September 2000.
www.sourcewatch.org /index.php?title=IMF   (1446 words)

  
 International Monetary Fund. The Columbia Encyclopedia, Sixth Edition. 2001-05
The IMF currency reserve units are called Special Drawing Rights (SDRs); from 1974 to 1980 the value of SDRs was based on the currencies of 16 leading trading nations.
IMF was criticized in 1998 for exacerbating the Asian financial crisis, through the fund’s decision to require Asian nations to raise their interest rates to record levels.
The fund is ruled by a board of governors, with one representative from each nation.
www.bartleby.com /65/in/IntlMone.html   (311 words)

  
 International Monetary Fund   (Site not responding. Last check: )
The International Monetary Fund (IMF) is an international organization responsible for managing the global financial system and for providing loans to its states to help alleviate balance of payments problems.
Others claim the IMF has little to democratize sovereign states nor is that stated objective: its advice is however intended promote financial stability which in turn may further democracy.
Opposition to the IMF can be very For instance advocates of Supply-side economics would general regard the policies advocated by ATTAC be little different in form to the peddled by the IMF.
www.freeglossary.com /International_Monetary_Fund   (1149 words)

  
 sociology - International Monetary Fund
The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked.
The principle architects of the IMF at the Bretton Woods Conference were Fabian Society member John Maynard Keynes and the Assistant Secretary of the United States Treasury, Harry Dexter White.
The IMF was instituted in and operated as a short-term credit fund for exchange rate stabilization throughout the Keynesian Welfare State era of 1945 - 1971.
www.aboutsociology.com /sociology/International_Monetary_Fund   (1690 words)

  
 International Monetary Fund
Reflecting the expansionary fiscal and monetary stance, inflation accelerated, rising from 1 percent during 1996 (December-December) to 16 percent during 1997, or form a slight decline in 1996 on a year-on-year basis to 7 percent in 1997.
Secondly, the small state banks through which the funds are channeled are known to be week institutions that lack the capacity to make adequate assessments of borrowers' credit risks and have insufficient capital bases to face loan defaults.
Turning to the balance of payments outlook, the growth of imports is expected to remain brisk in 1998, owing to the government's purchase of coast guard equipment under the loans from Spain and to government investment expenditures pertaining to the bridges and housing projects, as well as to foreign direct investment.
www.parbo.com /information/imf.html   (4567 words)

  
 Speech: Asia's Interests in IMF Reform
IMF surveillance activities are central to its mandate to promote sustainable economic growth and to maintain financial stability.
In my view, if the Fund is to be relevant in the 21st century excessive concerns about moral hazard and short-term policy conditionality should be set aside and a facility should be established with the potential to make generous amounts of funding available to countries that have a record of sound policies.
This does not mean that the IMF should stop providing policy advice to low-income members in areas of its expertise or should not provide short-term balance of payments financing (possibly on subsidized terms) to those members.
www.petersoninstitute.org /publications/papers/paper.cfm?ResearchID=869   (4095 words)

  
 Choike - International Monetary Fund - IMF
IMF membership has grown from the 29 states that joined the Fund in 1945 to the current total of 184 states.
The dialogue of the IMF with civil society is characterized by suspicion and an institutional culture that remains difficult to approach from outside, in particular, for non-economists.
As the World Bank and International Monetary Fund (IMF) annual meeting concluded in Washington, the final communiqué agreed that the debts owed by 18 of world's poorest countries to both institutions and to the African Development Bank will be cancelled, bringing an end to the suspense surrounding the issue for nearly three months.
www.choike.org /nuevo_eng/informes/1729.html   (6063 words)

  
 The International Monetary Fund: Outdated, Ineffective, and Unnecessary
Because the IMF relies on occasional replenishment of funds from donors, and since the last replenishment occurred in 1992, it is likely to seek a new replenishment soon.
Although the IMF is an international organization, it is funded to a significant degree by U.S. tax revenues--and America's taxpayers have a right to know how their money is being spent.
The terms "IMF" and "Fund" are used interchangeably throughout this paper to refer to the International Monetary Fund.
www.heritage.org /Research/InternationalOrganizations/BG1113.cfm   (5104 words)

  
 International Monetary Fund - Voyager, the free encyclopedia   (Site not responding. Last check: )
The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring exchange rates and balance of payments, as well as offering technical and financial assistance when asked.
In the decades since World War II, apart from rising prosperity, the world economy and monetary system have undergone other major changes that have increased the importance and relevance of the purposes served by the IMF, but that have also required the IMF to adapt and reform.
Whatever the feelings people in the Western world have for the IMF, research by the Pew Research Center shows that more than 60 percent of Asians and 70 percent of Africans feel that the IMF and the World Bank have a positive effect on their country [3].
voyager.in /IMF   (2250 words)

  
 The International Monetary Fund - Social and Economic Policy - Global Policy Forum
The article argues that although the IMF promotes “global exchange stability,” its own functions are “financed and dependent on the existence of instability, economic crises and exchange turbulence.” During the 1990s the IMF lent to numerous countries but nowadays the demand for its services is not keeping up with its own expansion.
Although the International Monetary Fund (IMF) once seemed “immune to criticism,” its culpability in the East Asian financial crisis of 1997 and the Argentine crisis of 2001 led to widespread protest.
IMF’s new #2 has a similar approach to IMF policies as his predecessor Anne Krueger, who continuously pushed poor countries to liberalize their capital markets.
www.globalpolicy.org /socecon/bwi-wto/imf/index.htm   (4548 words)

  
 International Monetary Fund
The International Monetary Fund (IMF) was set up in 1944 at a conference convened in the town of Bretton Woods, New Hampshire, at the end of the Second World War with the original intention of providing short term loans to countries facing shortfalls in foreign currency.
In Kenya in 1998 the IMF told the government that it would not approve a promised loan if the government gave into demands from striking teachers to raise salaries from the average basic salary of US$150 per month.
A transcript of a telephone conversation between two top Brazilian finance officials in May 1999 showed that the current acting director of the IMF told the finance finance minister to read a planned speech to be given by the Brazilian president Fernando Henrique Cardoso, before it was delivered to the public.
www.whirledbank.org /imf.html   (611 words)

  
 The August Review - Global Banking: The International Monetary Fund
The IMF was actually created in December, 1945 when the first 29 member nations signed its Articles of Agreement, and began operations on March 1, 1947.
The IMF is the central institution of the international monetary system—the system of international payments and exchange rates among national currencies that enables business to take place between countries.
The IMF provides a forum for international monetary cooperation, and thus for an orderly evolution of the system, and it subjects a wide area of international monetary affairs to the covenants of law, moral suasion, and understandings.
www.augustreview.com /index.php?option=com_content&task=view&id=5&Itemid=4   (5568 words)

  
 About the International Monetary Fund, IMF, Introductory Information
The IMF is an international organization of 184 member countries.
It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
Since the IMF was established its purposes have remained unchanged but its operations—which involve surveillance, financial assistance, and technical assistance—have developed to meet the changing needs of its member countries in an evolving world economy.
www.imf.org /external/about.htm   (167 words)

  
 Independent Evaluation Office of the International Monetary Fund
The IEO has posted a draft issues paper for IEO's evaluation of "The IMF's Interactions with its Member Countries." Comment and input from the public on the evaluation are welcome and may be submitted to feedback@ieo-imf.org.
The IEO has posted a draft issues paper on "The IMF's Approach to International Trade Policy Issues." Comments and inputs from the public on the evaluation are welcome and may be submitted to feedback@ieo-imf.org.
The Executive Board of the IMF recently discussed the first Periodic Monitoring Report (PDF) on the status of board-endorsed recommendations of the IEO.
www.ieo-imf.org   (309 words)

  
 AEI - Short Publications - International Monetary Fund Reform
Unlike earlier practice, the IMF was not a party to the negotiations.
The Fund’s own research suggests that much of the time countries did not implement the conditions to which they agreed to get a loan.
The IMF’s loans are heavily concentrated in the debts of a small number of countries.
www.aei.org /publications/filter.all,pubID.22621/pub_detail.asp   (1499 words)

  
 The Alexis de Tocqueville Institution: International Monetary Fund
The IMF Assessment Project was established in 1990 by a group of present and former public officials, business leaders, scholars, journalists and others interested in the International Monetary Fund.
Its purpose is to provide objective reporting and analysis on the policies and activities of the Fund, and to make this information available to policy-makers and the general public.
This series of comprehensive, reliable, and objective reports on the IMF aims to help the Fund, and policy-makers throughout its more than 150 member states, to improve the content of economic policy, the process of its formulation, and the communication of such policies to the global electorate.
www.adti.net /gw-intmonfund.html   (238 words)

  
 Introduction
Learn about resistance to the policies of the IMF and World Bank within the poorer countries that are directly affected by their actions.
Recent protests against the IMF and the World Bank have shined a harsh spotlight on the way the institutions put the interests of wealthy corporations in the developed world above the interests of the planet's poor majority.
By dragging the Fund and the Bank into the light of public scrutiny, the Washington protests re-invigorated a public dialogue about the growing wealth inequalities within and among nations, and they put the institutions on notice that they can't continue business as usual.
www.globalexchange.org /campaigns/wbimf   (426 words)

  
 International Monetary Fund
International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945.
Bretton Woods Conference - Bretton Woods Conference, name commonly given to the United Nations Monetary and Financial...
European Monetary Agreement - European Monetary Agreement (EMA), international governmental organization to facilitate settlement...
www.factmonster.com /ce6/history/A0825352.html   (334 words)

  
 International Monetary Fund (IMF)
Facilitating the expansion and balanced growth of international trade.
The IMF plays three major roles in the global monetary system.
The Fund surveys and monitors economic and financial developments, lends funds to countries with balance-of-payment difficulties, and provides technical assistance and training for countries requesting it.
www.investopedia.com /terms/i/imf.asp   (157 words)

  
 International Monetary Fund - The New York Times
Diamond was an expert on international taxation and helped prepare the foreign exchange proposals for the Bretton Woods conference, which established the International Monetary Fund.
The United States is headed for a recession, dragging world economic growth down along with it, the I.M.F. concluded in a sobering new forecast.
By STEVEN R. The fund received approval on Monday from the Bush administration to sell gold bullion to stabilize its own shaky finances.
topics.nytimes.com /top/reference/timestopics/organizations/i/international_monetary_fund/index.html?inline=nyt-org   (703 words)

  
 Hoover Institution Public Policy Inquiry: International Monetary Fund Homepage
ORIGINS The collapse of the international gold standard, the inter-war rise of "beggar-thy-neighbor" trade policies, and the self-interest of bankers and politicans gave birth to the IMF in Bretton Woods, New Hampshire.
REFORM PROPOSALS Examine recent proposals to reform the IMF that were offered by major industrial countries and leading scholars.
Is the IMF "ineffective, unnecessary, and obsolete," or is it "indispensable" for international financial stability?
www.imfsite.org   (282 words)

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