International Monetary Fund

INTRODUCTION The International M angiotensin-converting enzymetary Fund (IMF) is an  worldwide governing body that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on celestial latitude 27, 1945 when 29 countries signed the Articles of Agreement[1]. It originally had 45 appendages. The IMFs enounced destruction was to stabilize exchange rates and assist the reconstruction of the dry lands international payment organisation post  introduction War II. Countries contribute money to a pool finished a quota system from which countries with payment imbalances tin can borrow notes on a temporary basis. Through this drill and others such(prenominal) as surveillance of its members economies and policies, the IMF works to improve the economies of its member countries. The IMF describes itself as an organization of 188 countries (as of April 2012), working to foster global monetary cooperation, hollow financial stability, facilitate intern ational trade, crusade high usage and sustainable economic growth, and reduce poverty. The organizations stated objectives argon to shape up international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meetbalance of payments needs.[3] Its headquarters be in Washington, D.C.

STRUCTURE All powers of the IMF are vested in its dialog box of Governors, on which all member states are represented. Each member state appoints one governor and one alternate governor, who whitethorn take when the princip al governor is absent. A government customar! ily appoints its parson of finance, the president of its central bank, or another high-ranking formalized as its governor. For example, in December 2002, the United States governor was monument of the Treasury Paul ONeill, and the alternate, Federal Reserve control panel electric chair Alan Greenspan. The principle that applies in most international bodiesone nation, one votedoes not apply in the IMF Board of Governors. denary votes are assigned to...If you want to go far a abundant essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay