ENG - The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments. It is an organization formed to stabilize international exchange rates and facilitate development. It also offers financial and technical assistance to its members, making it an international lender of last resort. Its headquarters are located in Washington, D.C., USA.
Organization and purpose
The International Monetary Fund was created in 1944, with a goal to stabilize exchange rates and assist the reconstruction of the world's international payment system. Countries contributed to a pool which could be borrowed ...
Developed nations are dragging their feet over reforms of the International Monetary Fund, where Moscow wants to have a greater say, Russian Finance Minister Alexei Kudrin said on Saturday."We already see a lot of foot-dragging and tripping-up along this path," said Kudrin during Russia's premier economic forum in Saint Petersburg."There is a need to make the IMF a true representative of the world's leading economies. It's not there right now," he said, noting that China had a lower representation quota than Switzerland or Belgium.The issue of IMF reform should therefore be raised "in earnest, ...
spetr - in poll International Monetary Fund Oil-rich Middle East sovereign wealth funds can play an important role in stabilizing regional economies amid the global financial crisis, the International Monetary Fund said Sunday. "In times of financial stress in the domestic economy, SWFs domestic investments may temporarily deviate from pure profit maximization to support broader macroeconomic financial stabilization objectives," the organization said in its regional economic outlook. Two of the region's largest funds, the Kuwait Investment Authority, or KIA, and the Abu Dhabi Investment Authority have repatriated funds and deposited ...
Kira - in poll International Monetary Fund The International Monetary Fund has offered membership to Kosovo, the fund announced on Friday, giving the small country that broke away from Serbia last year access to millions of dollars in IMF-backed loans. Landlocked Kosovo is one of Europe's poorest nations. But its finance minister said recently that while it was close to joining the IMF, it had no plans to ask the IMF for money right away."The executive board of the International Monetary Fund (IMF) today certified a vote by the IMF's Board of Governors to offer IMF membership to the Republic of Kosovo," the fund announced in a ...
Kira - in poll International Monetary Fund
