1. Overview of the IMF as a Financial Institution
Author: International Monetary Fund. Finance Dept.
Language:
English
Keywords:
IMF resource; IMF lending; member country; IMF staff; IMF credit; IMF member; Currencies; Debt relief; Credit; Personal income; Freely usable currencies; Global; Africa; Middle East and Central Asia; West Africa; Asia and Pacific; financial risk; policy choice; IMF interest rates; IMF transactions; IMF article; Balance of payments need; Global financial crisis of 2008-2009; International monetary system

Abstract

The International Monetary Fund was founded some 70 years ago near the end of World War II. The founders aimed to build a framework for economic cooperation that would forestall the kinds of economic policies that contributed to the Great Depression of the 1930s and the global conflict that ensued. The world has changed dramatically since 1944, bringing extensive prosperity to many countries and lifting millions out of poverty. The IMF has evolved as well, but in many ways its main purpose—to support the global public good of financial stability and prosperity—remains the same today as when the organization was established.

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Cover IMF Financial Operations 2014
IMF Financial Operations 2014
Author: International Monetary Fund. Finance Dept.
ISBN:
9781484318928
ISSN:
0538-8759
Publication Date:
07 Oct 2014
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484318928.071
Pages:
160