International Monetary Fund
International Monetary Fund
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International Monetary Fund Outline
The UN Monetary and Financial Conference met in Bretton Woods, New Hampshire, United States, from 1 to 20 July 1944. The Bretton Woods Agreement announced the establishment of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). The IMF came into existence in 1945 and commenced its financial operation in 1947. The IMF makes temporary funds available to its members to enable them to maintain balance of payments and exchange-rate stability. The IMF also promotes international cooperation between its members and encourages activities for conserving or increasing the resources of its members. Its headquarters are in Washington, DC. It has about 175 members.(1)
International Monetary Fund (IMF) in International Trade
Meaning of International Monetary Fund (IMF), according to the Dictionary of International Trade (Global Negotiator): IMF is a specialized United Nations agency, created in 1945, that promotes international monetary harmony, monitors the exchange rate and monetary policies of member nations and provides credit for member countries that experience temporary balance of payment deficits. Each member country has a quota, which reflects both the relative size of the member's economy ant the member's voting power in the Fund. Over 180 countries are members of the IMF. See also World Bank Group. Website.
International Monetary Fund (imf) (in the Human Development Area)
In this context, International Monetary Fund (imf) means: multilateral financial institution set up by the Bretton Woods Agreement of 1944, signed by representatives of 44 countries. The fund was established to encourage international cooperation in the monetary field and the removal of foreign exchange restrictions. It aimsto stabilize exchange rates and to facilitate a multilateral payments system between member countries.
International Monetary Fund (IMF)
The International Monetary Fund, abbreviated as IMF, is an international organisation, at present counting 188 member countries, with the mission to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world
The IMF was conceived at the Bretton Woods conference in July 1944 (together with the World Bank), came into formal existence in December 1945 with 29 founding member countries and started operations on March 1, 1947. It is a specialised agency of the United Nations (UN), but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy
The IMF promotes international monetary cooperation and exchange rate stability, facilitates the balanced growth of international trade, and provides resources to help members in balance of payments difficulties or to assist with poverty reduction. Through its economic surveillance, the IMF keeps track of the economic health of its member countries, alerting them to risks on the horizon and providing policy advice. It also lends to countries in difficulty, and provides technical assistance and training to help countries improve economic management.
International Monetary Fund
Embracing mainstream international law, this section on international monetary fund explores the context, history and effect of the area of the law covered here.
The role of the International Monetary Fund
This section provides an overview of the role of the international monetary fund within the legal context of Monetary Policies and international economic law, with coverage of Monetary and Financial Regulation (Main Regulatory Areas).
International Monetary Fund (IMF)
This section provides an overview of international monetary fund (imf) within the legal context of Monetary Institutions in international economic law, with coverage of Architecture.
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Including similar content viewed by others, in case you missed it:
International Organization
Foreign Relations
Organization
United Nations
United Nations System
UN Agency
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Further Reading
Ben Thirkell-White, "International Monetary Fund (IMF)," Elgar Encyclopedia of International Economic Law, Cheltenham Glos (United Kingdom), Northampton, MA (United States)
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Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Further Reading
R Michael Gadbaw, "The role of the International Monetary Fund," Elgar Encyclopedia of International Economic Law, Cheltenham Glos (United Kingdom), Northampton, MA (United States)
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Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Further Reading
The entry "international monetary fund" in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press
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Further Information
International Monetary Fund website
See Also
Including similar content viewed by others, in case you missed it: European Central Bank (ECB)
United Nations (UN)
World Bank
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Notes
IMF – International Monetary Fund
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Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Further Reading
A concise encyclopedia of the United Nations (including International Monetary Fund , H Volger, KA Annan -2010)
The Oxford Handbook on the United Nations (TG Weiss - 2007)
International Law: A Dictionary (including International Monetary Fund , Boczek, Boleslaw Adam -2005)
International Monetary Fund (IMF) in relation with International Trade
In the context of trade organizations, Christopher Mark (1993) provided the following definition of International Monetary Fund (IMF): The central international monetary institution, the IMP was established after World War II as part of the Bretton Woods system (Sec. I) to ensure exchange-rate stability and facilitate resolution of payments imbalances among members. Its original purpose was to contribute to the expansion and growth of international trade by working toward making currencies freely convertible and with relatively stable values. Since the advent of flexible and managed exchange rates in the years since 1971, the IMP has assumed responsibility for monitoring members I compliance with guidelines proscribing exchange-rate manipulation to gain unfair competitive advantage over other members. Through its ability to provide funds for countries to ease temporary balance-of-payments difficulties, the IMP can exert considerable influence over their economic policies. The IMP is headquartered in Washington, DC.
Hierarchical Display of International Monetary Fund
International Organisations > United Nations > UN specialised agency
Finance > Monetary relations > International finance > International monetary system
European Union > EU finance > EU financing > EU financial instrument > Support mechanism > Macro-financial assistance
International Monetary Fund
Concept of International Monetary Fund
See the dictionary definition of International Monetary Fund.
Characteristics of International Monetary Fund
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Translation of International Monetary Fund
Spanish: Fondo Monetario Internacional
French: Fonds monétaire international
German: Internationaler Währungsfonds
Italian: Fondo monetario internazionale
Portuguese: Fundo Monetário Internacional
Polish: Międzynarodowy Fundusz Walutowy
Thesaurus of International Monetary Fund
International Organisations > United Nations > UN specialised agency > International Monetary Fund
Finance > Monetary relations > International finance > International monetary system > International Monetary Fund
European Union > EU finance > EU financing > EU financial instrument > Support mechanism > Macro-financial assistance > International Monetary Fund
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IMF