INTERNATIONA

L
MONETARY
FUND

By-:
Vishal Krishna
Rajesh Kumar
Akash Kumar
Md Nawaz Ahmad
Ashit Kumar

CONTENT

Introduction
History of IMF
Objectives
Roles
Functions
Failures of IMF
Advantages Of IMF to INDIA

Introduction

The IMF is an intergovernmental

organisation.

Its headquarter is in Washington

D.C.

This organisation formed in 1944.

Currently 188 countries are the
members of IMF.

Its History

Great Depression
During the great depression of the 1930s ,Countries
attempted to shore up their falling economies by :1. Sharply raising barriers to foreign trade.
2. Devaluing their currencies to compete
against each other for export markets.
3. Curtailing their citizens freedom to hold
foreign exchange.

History continue

The Bretton woods agreement

The IMF was conceived in July 1944,

Representatives of 45 countries met in the town of Bretton

Woods, New Hampshire, in the Northeastern United States

The IMF came into formal existence in December 1945,

when its first 29 member countries signed its Articles of
Agreement

It began operations on March 1, 1947. Later that year,

France became the first country to borrow from the IMF.

Objectives Of IMF
I.
II.
III.
IV.

V.

To promote international monetary

cooperation
To facilitate the expansion and
balanced growth of International Trade
To promote exchange rate stability
To make its resources available to its
members who are experiencing BOP
problems
To establish a multilateral system of
payments

Roles of IMF

It facilitate international trade.

Secure financial stability.

Promote high employment.

Reduce poverty around the world.

Functions of IMF

Surveillance (like a doctor)

Technical
teacher)

Assistance

(like

Financial
banker)

Assistance

(like

FAILURES OF IMF

Lack of Stability in Exchange Rate

Lack of Stability in the Price of Gold

Inability to Remove Restrictions on

Foreign Trade

Rich Nations Club

No help for development projects

No Solution of International Liquidity

Interference in Domestic Economies

Inability to tackle the Monetary

Crisis of August 1971

Less Aid for Developing Countries

High Rate of Interest

ADVANTAGES FROM
MEMBERSHIP OF IMF TO
INDIA

Facility of Foreign Exchange

Freedom from British Pound
Membership of the World Bank
Importance of India in International
Sector
Economic Consultation
Loan
given
by
IMF
to
INDIA
YEAR
1991
1994
1996
1998
2000
IN MILLION $

2,623

5,040

2,374

664

26

Fast Facts

Membership: 188 countries

Headquarters: Washington, D.C.

Executive Board: 24 Directors representing countries or

groups of countries

Staff: Approximately 2,630 (approx.) from 147 countries

Total Quotas : US$ 334 billion (as of 09/04/2015)

Biggest Borrowers : Greece , Portugal ,Ireland , Ukraine

(as of 08/27/2015)
Biggest precautionary loans (amount agreed as of
9/3/15): Mexico, Poland, Colombia, Morocco

Greatest Loan is on :
and Greece
Highest Loan as % of GDP:
Iceland (7.4%)

Mexico
Liberia (8.5%) and

Quotas And Voting

Managing Director

Conclusion
The IMFs primary purpose is to safeguard the
stability of the international monetary
system
Providing advice to members on
adopting policies.
Making financing temporarily available to
member countries to help them address
balance of payments problems.

Offering technical assistance and

training to countries at their request.

THANK
YEWWWW!!