{"id":5491,"date":"2020-02-06T03:51:16","date_gmt":"2020-02-06T01:51:16","guid":{"rendered":"https:\/\/www.intraders.org\/news\/?p=5491"},"modified":"2020-04-01T02:54:38","modified_gmt":"2020-04-01T00:54:38","slug":"international-monetary-fund","status":"publish","type":"post","link":"https:\/\/www.intraders.org\/news\/ot\/international-monetary-fund\/","title":{"rendered":"International Monetary Fund"},"content":{"rendered":"\n

The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation. It also facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. The IMF is governed by and accountable to its 189 member countries<\/p>\n\n\n\n

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http:\/\/www.intraders.org<\/a><\/figcaption><\/figure>\n\n\n\n

Founding and mission:
\nThe IMF was conceived in July 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States. The 44 countries in attendance sought to build a framework for international economic cooperation and avoid repeating the competitive currency devaluations that contributed to the Great Depression of the 1930s.
\nThe IMF’s primary mission is to ensure the stability of the international monetary system\u2014the system of exchange rates and international payments that enables countries and their citizens to transact with each other.
\nThe IMF is accountable to its member country governments. <\/p>\n\n\n\n

Objectives
\n\u2022 promote international monetary co-operation,
\n\u2022 international trade,
\n\u2022 high employment,
\n\u2022 exchange-rate stability,
\n\u2022 sustainable economic growth, and
\n\u2022 making resources available to member countries in financial difficulty
\n\u2022 facilitate the expansion and balanced growth of International Trade
\n\u2022 establish a multilateral system of payments<\/p>\n\n\n\n

Functions
\nThese are the three major functions of IMF:-
\n\uf0ab The IMF provides advice on how to achieve economic stability, reduce vulnerability to economic and financial crises, and raise living standards.
\n\uf0ab The IMF provides financial support and works with governments to ensure responsible spending.
\n\uf0ab The IMF works with member countries & provides technical assistance and training to modernize there economic policies and institutions.<\/p>\n\n\n\n

Purpose of IMF
\n\u2022 Promote international monetary cooperation
\n\u2022 Expansion and balanced growth of international trade
\n\u2022 Promote exchange rate stability
\n\u2022 The elimination of restrictions on the international flow of capital
\n\u2022 Make resources of the fund available to the members
\n\u2022 Help establish a multilateral system of payments and eliminate foreign exchange restrictions.
\n\u2022 Shorten the duration and lessen the degree of disequilibrium in international balances of payment.
\n\u2022 Foster economic growth and high levels of employment.
\n\u2022 Temporary financial assistance to countries to help the balance of payments adjustments<\/p>\n\n\n\n

Success of IMF
\n\uf0d8 International Monetary Cooperation
\n\uf0d8 Reconstruction of European Countries
\n\uf0d8 Multilateral System of Foreign Payments
\n\uf0d8 Increase in International Liquidity
\n\uf0d8 Increase in International Trade
\n\uf0d8 Special Aid to Developing Countries
\n\uf0d8 Providing Statistical Information
\n\uf0d8 Helpful in Times of Difficulties
\n\uf0d8 Easiness & Flexibility in Making International Payments<\/p>\n\n\n\n

Failures of IMF
\uf0d8 Lack of Stability in Exchange Rate
\uf0d8 Lack of Stability in the Price of Gold
\uf0d8 Inability to Remove Restrictions on Foreign Trade
\uf0d8 Rich Nations Club
\uf0d8 No help for development projects
\uf0d8 No Solution of International Liquidity
\uf0d8 Interference in Domestic Economies
\uf0d8 Inability to tackle the Monetary Crisis of August 1971
\uf0d8 Less Aid for Developing Countries
\uf0d8 High Rate of Interest
By
NIKHIL KHANDELWAL
BBA 6MA
TIAS, NEW DELHI<\/p>\n\n\n\n

The 5th InTraders International Conference On International Trade<\/a><\/strong>, 13-17 April 2020, \u0130stanbul, Turkey<\/a><\/p>\n\n\n\n

Be Our InTraders\u2019 Author for Free of Registration to InTraders\u2019 Conferences<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

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