International Monetary Fund (IMF)

The International Monetary Fund (IMF) The International Monetary Fund or the International Monetary Fund mainly promotes the harmonization of international currencies to facilitate the expansion of international trade. From a more detailed perspective, it supports the global currency understanding, monitors the exchange rate and monetary policy of Member States, and provides credit to Member States who are experiencing temporary imbalances in payment. Contrary to the general belief, it is not the central central bank of the world, it contributes to the economic development of poor, undeveloped countries and has no authority over domestic policies and regulations of its member countries.

Bretton Woods system planner establishes rules, systems and procedures to regulate the international monetary system and today establishes the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which are part of the world did. Banking Group The main feature of the Bretton Woods system is its obligation to maintain exchange rates by countries adopting monetary policy and linking currencies to the US dollar and the ability to resolve IMF temporary payment imbalances It is that.

At the 44 national conferences held in Bretton Woods, New Hampshire in July 1944, the International Monetary Fund (IMF) was established with the International Bank for Reconstruction and Development. Currently, 187 countries are members of the International Monetary Fund. India is a founding member of the International Monetary Fund. Since 1993, India has not received any financial assistance from the International Monetary Fund. Discounts on all loans provided by the International Monetary Fund were completed on May 31, 2000. The objectives of the International Monetary Fund are to promote macroeconomic growth, poverty alleviation and economic stability, policies for developing countries to advise and fund, exchange rate stability and currency system to promote international payment systems It is a cooperation forum.

The International Monetary Fund The International Monetary Fund was founded in 1945 as a central institution of currency trading and exchange rate regime in 1945 by international agreement. The International Monetary Fund aims to prevent system crisis by encouraging each country to adopt sound economic policies and monitor compliance with them. Used funds

The International Monetary Fund (IMF) is an international organization headquartered in Washington, DC "promote global financial cooperation, stabilize the economy, promote international trade, promote high employment and sustainable economic growth" 1944 At the Bretton Woods conference of the year, it consisted mainly of the ideas of Harry Dexter White and John Maynard Keynes. It was officially founded in 1945 and has 29 Member States aimed at rebuilding. International Payment System Currently, it plays a central role in balancing the balance of payments issue and the management of the international financial crisis. Countries offer funds to fund pools through quota system, and countries with international balance of payment problems can borrow funds from them. As of 2016, the fund has 477 billion special withdrawal right (approximately US $ 666 billion)