Fondo monetario internacional Dr. Clemente Landa Domínguez

INTERNATIONAL MONETARY FUND (IMF) International Financial Institution, with headquartered in Washington, D.C. 189 countries 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.

IMF It plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2010, the fund had SDR 476.8 billion, about US$755.7 billion at then exchange rates

IMF GOVERNANCE AND ORGANIZATION At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country, generally from the central bank or the ministry of finance. The Board of Governors meets once a year at the IMF– World Bank Annual Meetings. 24 of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice a year.

IMF ORIGINAL AIMS Promote international monetary cooperation and exchange stability Facilitate the expansion and balanced growth of international trade Assist in the establishment of a multilateral system of payments Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties

IMF PRIMARY PURPOSE To ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. To maintain stability and prevent crises in the international monetary system, the IMF reviews country policies and national, regional, and global economic and financial developments through a formal system known as surveillance.

IMF PURPOSE IMF financing provides its members breathing room to correct balance of payments problems: national authorities design adjustment programs in close cooperation with the IMF that are supported by IMF financing. Continued financial support is conditional on effective implementation of these programs.

IMF RESOURCES The primary source of the IMF's financial resources is its members’ quotas, which broadly reflect members’ relative position in the world economy. With the recent effectiveness of the 14th General Review of Quotas, total quota resources amount to about SDR 477 billion (about $668 billion).

IMF SDRs The IMF issues an international reserve asset known as Special Drawing Rights (SDRs) that can supplement the official reserves of member countries. Total allocations amount to about SDR 204 billion (some $286 billion). IMF members can voluntarily exchange SDRs for currencies among themselves.

SPECIAL DRAWING RIGHTS (SDR) Special Drawing Rights, it’s a supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se (currency code XDR, abbreviated SDR). Created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets (gold and USD).

(SDR) The value of the XDR is based on a basket of key international currencies reviewed by IMF every five years. The weights assigned to each currency in the XDR basket are adjusted to take into account their current prominence in terms of international trade and national foreign exchange reserves. USD 41.73%, EUR 30.93%, CNY 10.92%, JPY 8.33%, GBP pound 8.09%.