International Monetary Fund

We have chosen this topic because we think that IMF plays important role in globalization and overall economic development of the countries involved in this organization as well as other countries that are not participants of the IMF. Further we will describe major functions and activities.

Introduction

The IMF is an international organization of 184 member countries. International Monetary Fund (IMF) was created at the Bretton Woods Meetings in 1944, to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.

Since the IMF was established its purposes have remained unchanged but its operations — which involve surveillance, financial assistance, and technical assistance — have developed to meet the changing needs of its member countries in an evolving world economy…