Objectives of the imf, Microeconomics

International Monetary Fund:

International Monetary Fund (IMF) is one of the two institutions that were established as a result of the Brettonwoods Conference in 1944, the other institution was the International Bank for Reconstruction and Development (IBRD), also known as the World Bank. IMF aims at promoting international monetary cooperation with a view to achieve certain mutually agreed international economic goals. It is also a lender of short-term funds to member-countries, mainly to adjust balance of payments deficits.  

Objectives of the IMF 

The Articles of Agreement of the IMF set out the following as the objectives of the Fund: 

•  To promote international monetary cooperation through a permanent institution which provides the machinery for consultation and collaboration on international monetary problems. 

•  To facilitate the expansion and balanced growth of international trade and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy. 

•  To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.  

•  To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of exchange restrictions which hamper the growth of world trade.  

•  To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards, thus, providing them with an opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity.

•  In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in the international balance of payments of members.  

Posted Date: 11/15/2012 12:52:11 AM | Location : United States







Related Discussions:- Objectives of the imf, Assignment Help, Ask Question on Objectives of the imf, Get Answer, Expert's Help, Objectives of the imf Discussions

Write discussion on Objectives of the imf
Your posts are moderated
Related Questions
Depreciation T ax Shield The decrease in corporate income taxes suitable to the deductibility of depreciation from the firm's taxable earnings.  Although depreciat

Strategic Planning for Enhancing Exports: Strategic Planning for Enhancing Exports need to be undertaken at the national level. It is necessary  to undertake a separate and

Substitution Effect -  The  substitution effect is change in an item's consumption associated with the change in the price of the item, level of utility held constant. -  Wh

Structural Unemployment: This is unemployment resulting from changes in the pattern of demand for goods and services or changes in technology.These changes may in turn alter

If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $

Problem 1: The last half-century has witnessed major changes in the role that governments of developing countries have played, especially in terms of public spending. (a) Ex

In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?

how to write the conclusion,i am doing the nike company.


write characterstics of duopoly