"IMF" redirects here. For other uses, see IMF (disambiguation).
International Monetary Fund
Abbreviation
IMF
Formation
27 December 1945; 78 years ago (1945-12-27)
Type
International financial institution
Purpose
Promote international monetary co-operation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties, prevent and assist with recovery from international financial crises[1]
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."[1][9]
Established in July 1944[10] at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary system after World War II. It now plays a central role in the management of balance of payments difficulties and international financial crises.[11] Through a quota system, countries contribute funds to a pool from which countries can borrow if they experience balance of payments problems. The IMF works to stabilize and foster the economies of its member countries by its use of the fund, as well as other activities such as gathering and analyzing economic statistics and surveillance of its members' economies.[12][13]
The current managing director (MD) and chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019.[14] Indian-American economist Gita Gopinath, previously the chief economist, was appointed as first deputy managing director, effective January 21, 2022.[15] Pierre-Olivier Gourinchas was appointed chief economist on January 24, 2022.[16]
^ abc"About the IMF". International Monetary Fund. Archived from the original on 16 October 2012. Retrieved 14 October 2012.
^"IMF Members' Quotas and Voting Power, and IMF Board of Governors". IMF. 17 October 2020.
^Boughton 2001, p. 7 n.5.
^"First Deputy Managing Director Geoffrey Okamoto to Leave IMF, Gita Gopinath to Be IMF's New First Deputy Managing Director". International Monetary Fund.
^"IMF Managing Director Names Pierre-Olivier Gourinchas as IMF Economic Counsellor and Head of Research Department". International Monetary Fund.
^"Factsheet: The IMF and the World Bank". International Monetary Fund. 21 September 2015. Archived from the original on 3 June 2004. Retrieved 1 December 2015.
^"About the IMF Overview". International Monetary Fund. Retrieved 1 August 2017.
^"Download the full report | IMF Annual Report 2023". www.imf.org. Retrieved 21 April 2024.
^"Articles of Agreement, International Monetary Fund" (PDF). International Monetary Fund. 2011. Archived (PDF) from the original on 4 November 2011.
^"The IMF at a Glance". International Monetary Fund. Retrieved 15 December 2016.
^Lipscy, Phillip Y. (2015). "Explaining Institutional Change: Policy Areas, Outside Options, and the Bretton Woods Institutions". American Journal of Political Science. 59 (2): 341–356. doi:10.1111/ajps.12130.
^Schlefer, Jonathan (10 April 2012). "There is No Invisible Hand". Harvard Business Review. Harvard Business Publishing – via hbr.org.
^Escobar, Arturo (1980). "Power and Visibility: Development and the Invention and Management of the Third World". Cultural Anthropology. 3 (4): 428–443. doi:10.1525/can.1988.3.4.02a00060.
^Crutsinger, Martin (25 September 2019). "Economist who grew up in communist Bulgaria is new IMF chief". APNews.com. Associated Press. Retrieved 18 June 2020.
^"First Deputy Managing Director Geoffrey Okamoto to Leave IMF, Gita Gopinath to Be IMF's New First Deputy Managing Director". IMF. Retrieved 4 February 2022.
^"IMF Managing Director Names Pierre-Olivier Gourinchas as IMF Economic Counsellor and Head of Research Department". IMF. Retrieved 4 February 2022.
and 28 Related for: International Monetary Fund information
The InternationalMonetaryFund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member...
Pakistan has been a member of the InternationalMonetaryFund (IMF) since 1950. Due to the high unpredictable nature of its economy and its dependence...
the poverty line and face severe food insecurity. "Nigeria". InternationalMonetaryFund (IMF). "World Economic Outlook Update, July 2023: Near-Term Resilience...
Meetings of the InternationalMonetaryFund and the World Bank Group and each spring in the Spring Meetings of the InternationalMonetaryFund and the World...
The chief economist of the InternationalMonetaryFund (IMF) is also the economic counsellor and director of the fund's Research Department and is responsible...
2016. "Gold in the IMF". InternationalMonetaryFund. Archived from the original on April 22, 2011. "Data Template on International Reserves and Foreign Currency...
South Korea and the InternationalMonetaryFund (IMF) partner together to assist the country in managing its financial system. South Korea's economy is...
The Asian MonetaryFund (AMF) was an idea put forward by the Japanese government during the 1997 Asian financial crisis at the G7-IMF meetings in Hong...
"RUMANIA WEIGHS WORLD FUND ROLE; She Explores Membership in 2 Major InternationalMonetary Agencies RUMANIA WEIGHS WORLD FUND ROLE". The New York Times...
The Arab MonetaryFund (AMF) is a regional Arab organization, a working sub-organization of the Arab League. It was founded 1976, and has been operational...
Argentina joined the InternationalMonetaryFund (IMF) on September 20, 1956 and has since participated in 21 IMF Arrangements. The first Stand-By Arrangement...
Greece is one of the original members of the InternationalMonetaryFund, joining it on December 27, 1945. It has a quota of 2,428.90 million SDRs and...
Zimbabwe made a mystery loan repayment of US$120 million to the InternationalMonetaryFund due to expulsion threat from IMF. Zimbabwe in 2005 was economically...
An internationalmonetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade...
product data by the InternationalMonetaryFund. InternationalMonetaryFund. "World Economic Outlook Database, October 2023". InternationalMonetaryFund....
Ukraine has been a member of the InternationalMonetaryFund (IMF) and the World Bank since 3 September, 1992. The country is one of the IMF's four largest...
Canada is one of the original members of the InternationalMonetaryFund, having joined it on December 27, 1945. It has a quota of 11,023.9 million SDRs...
In 1945, China cofounded the InternationalMonetaryFund (IMF) with 34 other nations. China was initially represented by the Republic of China. In April...
a percentage of GDP according to data by the InternationalMonetaryFund and Institute of International Finance. List of countries by corporate debt List...
who has served as the first deputy managing director of the InternationalMonetaryFund (IMF), since 21 January 2022. She had previously served as chief...
capital. The IMF's conditionality for the Thai bailout is characterized by monetary policy reform, fiscal policy reform, and financial sector reform. Under...
CNN Business". CNN. Retrieved 2023-07-30. HM Treasury (5 June 2023). "Statistical Release : UK Official Holdings of the International Reserves" (PDF)....
Belarus and the InternationalMonetaryFund cover the relations between the country of Belarus and the InternationalMonetaryFund. The Republic of Belarus...