Funds raised from the IMF have two primary sources such as quotas and loans. Funds raised otherwise known as the countries have created most of the funds of the IMF. The size of the quota depends on the importance of the use of budgetary and fiscal policies in the world for example; the countries with the financial vitality of the greater also have a greater standard. An act to increase IMF resources is the development quota. The IMF has also raised funds for loans from countries other members. In fact, the IMF also have credit lines with other major industrial countries and Saudi Arabia.
IMF can work through three types. One of these is the surveillance which it involves monitoring the in terms of an economic and financial development, and was also monitoring in advising on policies aimed especially at crisis prevention. Since the dissolution of the Bretton Woods system of fixed exchange rates in the early 1970s, surveillance has expanded up largely through changes in procedure th...
... middle of paper ...
...e loan from the IMF has shown significant changes since the establishment of the IMF created. As time passed, the IMF has provided financial assistance to help the country deal with increased volatility of short-term trading to support adjustment and various balance of payments problems resulting from the terms of trade shocks, natural disasters, post-collision conditions, changes in the economic area, the eradication of poverty and economic development, restructuring of sovereign debt, and the banking and currency crisis of confidence driven.
(Biagio Bossone, May 2008) 2
IMF Surveillance: A Case Study on IMF Governance
Sharma, S. D. (2003), The Asian Financial Crisis: Crisis, Reform and Recovery,
(New York: Manchester University Press).
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The Shortcomings of the Current International Trade System The issue of trade has been a factor in the interrelations between nations since their conception. Throughout history there have been many different structures that encompass these trade relations. In essence, the state of trade between counties coincided with, and depended upon, their economies, social structure, willingness to trade, and their available resources (tradable products and services). Today's trade system is still formulated by these factors.... [tags: Papers]
2285 words (6.5 pages)
- Jamaica is home of the phrase “be happy, don’t worry,” and is a popular tourist spot that foreigners escape to for a temporary slice of paradise. Given the success of the tourist industry, it is easy to mistake Jamaica as a thriving country with the locals living blissfully in paradise; the clip from “Life and Debt” completely dispels these notions and introduces the negative effects that have developed from free trade policies that were recommended by the International Monetary Fund. International Monetary Fund representatives in the clip present globalization and free trade as a form of economic liberation that would bring Jamaica economic success despite its small size.... [tags: International Monetary Fund, Economics]
1077 words (3.1 pages)
- The International Monetary Fund (IMF) The International Monetary Fund (IMF) was established in 1946, along with the World Bank. The IMF was developed to promote all monetary cooperation and remedy economic problems incurred during the post - war reconstruction period (Baylis; 2008: 245). The IMF was therefore considered as the “rule keeper” and an important component in public international management. In the pursuit to stabilise the exchange rate system, the IMF reserves the authority to change exchange rates.... [tags: World Bank, International Monetary Fund]
1780 words (5.1 pages)
- This year, the world is watching as Greece is standing up to economic terrorism coming from all sides, most notably the International Monetary Fund that has wanted the Greek government to implement austerity measures. The Greek people boldly made what Alexis Tsipras, the Prime Minister of Greece, called a "bold choice" ensuring that "democracy won 't be blackmailed". (Cendrowicz, Johnston & Savaricas, 2015) It 's not just the Greeks saying this, French Economy Minister Emmanuel Macron said that the EU couldn 't "crush an entire people", stating that compromises must be made.... [tags: International Monetary Fund, Economics, Greeks]
730 words (2.1 pages)
- Introduction It is 35 degrees Celsius on what is shaping out to be one of the hottest Summer days on record. Thirsty, you open the fridge to quench your thirst with a tall glass of filtered water. To your surprise, there is no water in the fridge. Feeling defeated, your older brother comes along holding a 2-litre jug of ice-cold water. Noticing how thirsty you are, your brother offers you 1-litre of his ice-cold water on the condition that you complete his chores for a week. You agree without hesitation, failing to consider the consequences of the deal you just entered because of your fragile state.... [tags: World Bank, International Monetary Fund]
1413 words (4 pages)
- International Monetary Fund (IMF)/World Bank IMF is collectively called the International Financial Institutions (IFIs) and has three main activities which are surveillance, financial assistance and technical assistance. This a 187 member-countries organisation that was formed just after world war 2 in late July 1944 at Bretton Woods in Hampshire with the aim of stabilizing global economic markets (international currency market and contraction of international trade) and resuscitating economies of different countries that had been affected by world wide depression that was caused by world war 2.... [tags: Poverty, World Bank, International Monetary Fund]
923 words (2.6 pages)
- Who are the IMF. The International Monetary Fund( IMF) is comprised of 188 member states for increasing global cooperation on monetary matters, ensure financial stability, facilitate international trade, support sustainable economic growth and high employment and working to reduce poverty all over the world. Although, the IMF is one of the specialized agencies of United Nations, they have their own charter, management structure and financial resources. The members are represented through a quota system which is determined based their relative size in the global economy.... [tags: development, monetary matters]
1525 words (4.4 pages)
The Impact Of Transnational Industries And Global Financial Institutions Such As The World Bank And International Monetary Fund
- This essay aims to explore and critically analyse the impact of transnational industries and/or global financial institutions such as the World Bank and International Monetary Fund (IMF) in the sub-Sahara Africa. It will explore the impact on health, economic, and environmental, political and cultural determinates on developing countries. A country in the sub-Sahara Africa region will be used as a prime example in dealing with some of the above institutions and their outcomes, and a conclusion given.... [tags: World Bank, International Monetary Fund]
841 words (2.4 pages)
- The IMF is an intergovernmental organization that offers financial advice and assistance to its member states. It was conceived at the end of World War II, in July 1944 with forty five member states in a meeting held in Bretton Woods, New Hampshire, United States of America (International Monetary Fund) In the meeting, the members agreed to establish a framework for international economic cooperation that would prevent economic crises such as the Great Depression from happening again (Digital films, 2009).... [tags: International Economic Cooperation]
537 words (1.5 pages)
- 1. Introduction 1.1 What is the International Monetary Fund (IMF). “The International Monetary Fund is an organisation that provides short-term credit to 186 member nations. The International Monetary Fund works to maintain orderly payments arrangements between countries and to promote growth of the world economy without inflation. It supports free trade in goods and services. To stabilize its members’ economies, the IMF provides policy advice and short-term loans when a member nation encounters financial difficulty.” World Book, Inc 1.2 The history of the International Monetary Fund (IMF).... [tags: Finance]
2566 words (7.3 pages)