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Monetary Operations of IMF and how IMF comes into picture when countries are in the crisis situation,.
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INTERNATIONAL MONETARY FUND
• The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries(post world war II)
• Now it includes 188 countries• Headquarters in Washington D.C• M.D Christine Legarde
IMF Aims
• To foster Global Monetary Co-operation• To Secure Financial Stability• Facilitate International Trade• Promote High Employment• Sustainable Growth and• Reduce Poverty around the world
Impacts on
• Food Security• Farming• Environment• Investor Rights or Citizen rights• Free Trade and etc,.
Asian Financial CrisisIn 1997, A wave of financial crisis swept over east Asia from Thailand to Indonesia to Korea,(IMF joined hands world bank and launched Financial sector Assessment Program
PER-CAPITA INCOME OF COUNTRIES ACCORDING TO IMF
Conclusion
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