International Monetary Fund: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Updated purpose and responsibilities to align with IMF website: Source: http://www.imf.org/external/about.htm) |
imported>Doug Williamson (Layout.) |
||
| Line 5: | Line 5: | ||
The IMF promotes international financial stability and monetary cooperation. | The IMF promotes international financial stability and monetary cooperation. | ||
The responsibilities of the | |||
The responsibilities of the IMF include: | |||
*oversight of the international monetary system | *oversight of the international monetary system | ||
*monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability | *monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability | ||
Revision as of 21:42, 21 January 2016
(IMF).
An international organisation created by the Bretton Woods Agreement in 1944.
The IMF promotes international financial stability and monetary cooperation.
The responsibilities of the IMF include:
- oversight of the international monetary system
- monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability
- providing loans to member countries experiencing actual or potential balance of payments problems
- designing economic policies to enable member countries to manage their financial affairs more effectively
