What is the international Monetary Fund? (Revised 1996)(Reprinted 6/97)

This paper explains the primary aim behind the founding of the IMF. The IMF is a cooperative institution that 181 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money can take place between countries smoothly and without delay. The IMF lends money to members having trouble meeting financial obligations to other members, but only on condition that they undertake economic reforms to eliminate these difficulties for their own good and that of the entire membership.
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Publication date: March 1996
ISBN: 9781557754080
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , EXRP , sister institution , IMF charter , IMF regard , better-off member , complimentary publication , IMF matter , IMF course , IMF survey , IMF charter of right , Currencies , International monetary system , Gold , Eastern Europe , Baltics

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The System of Macroeconomic Accounts Statistics : An Overview
What is the International Monetary Fund?
Fiscal Adjustment for Stability and Growth
Summary

This paper explains the primary aim behind the founding of the IMF. The IMF is a cooperative institution that 181 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money can take place between countries smoothly and without delay. The IMF lends money to members having trouble meeting financial obligations to other members, but only on condition that they undertake economic reforms to eliminate these difficulties for their own good and that of the entire membership.

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