INTERNATIONAL MONETARY FUND (IMF)

INTERNATIONAL MONETARY FUND (IMF)

Formation: The International Monetary Fund (IMF) was set up after the Second World War, in order to encourage the development of foreign trade. It bagen operation in 1947 with headquarters in the United States of America.

            The IMF was established as a result to proposal adopted at an international conference held at Bretton Woods in 1945. At present, it has about 188 member-countries, South Sudan is Currently the youngest country to join IMF in April, 2012. IMF was established to encourage balance of payment equilibrium and to stabilize exchange rate among members countries.

Objectives and functions of IMF

  1. To establish and stabilize exchange rate among member-nations
  2. To make fund available to members to finance balance of payments deficit
  3. To make recommendations to members concerning economic policies to be adopted
  4. To encourage the development of international trade
  5. To promote co-operation among member-countries on financial matters
  6. To facilitate settlement of debts in foreign transactions
  1. 7. COMPOST
    8. WEED AND THEIR BOTANICAL NAMES
    1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
    2. DISEASES
    3. 52. SOIL MICRO-ORGANISMS
    4. ORGANIC MANURINGION

    9. loans for businesses
  2. how to establish enterprises
  3. what is a firm
  4. price equilibrium
  5. scale of preference
  6. concept of economics
  7. economic tools for nation building

budgeting

let us know what you think

This site uses Akismet to reduce spam. Learn how your comment data is processed.