Imf - International Monetary Fund

International Business IMF Report International pecuniary stock certificate The International Monetary Fund (IMF) is an organization which deals with 188 countries that whole kit and caboodle to prove global pecuniary co-operation, secure monetary stability, facilitate general trade, and promote higher(prenominal) employment and sustain satisfactory economic reaping as swell as aiming to reduce poverty or so the reality. The IMF was created in July 1944 in New Hampshire, Bretton Woods. John Maynard, economist, is considered up to this twenty-four hour period as the origin father of the IMF as well as the World Bank. The think behind the creation of the IMF was to create a origin that could benefactor to prevent future great depressions and by doing so, prevent world wars. The IMF aims to stabilize international communication and exchanges amongst members. This is done by encouraging open access to cash exchange and unembellished trade. The IMF also mainta ins a monetary fund itself which it uses to support and adhesion out member countries who abide by the IMF policies. The IMF has efficiently dealt with international elements for 62 years and according to the treasury, since its introduction, has non made a loss for any country ascribable to a $15 billion funding agreement, although this statement is at threat due to the currently poor economic climate. The IMF works in three main ways.

These be: Surveillance bestow Technical Assistance In these three sectors, the IMF is able to contend the international monetary system and monitor the economic and financial system closely to ensure that all member countries are provide! d with sound financial policy advice and support. References BBC News Business, 2012. IMFs Christine Lagarde backs much clock for Greece. [online] Available at: [Accessed 28 October 2012]. Bloomberg News, 2012. Kosovo to Get $53 jillion IMF Loan as Economy Avoids Turbulence. [Online] Available at: http://www.businessweek.com/ intelligence/2012-10-29/kosovo-to-get-53-million-imf-loan-as-economy-avoids-turbulencee >...If you want to get a beneficial essay, order it on our website: BestEssayCheap.com

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