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Published byPeregrine Barker Modified over 9 years ago
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By: Rohan Bhatia and Rahul Swaminathan
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To foster economic growth and stability through trade To grant economic opportunities and cope with economic challenges To maintain orderly exchange rates
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Gives Policy advice Administers loans Provides technical aid
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Created 60 years ago Meant to build economic framework Broader scale Recently has increased its lending power and flexibility
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Articles of Agreement of the International Monetary Fund 1944/1945 Lays out the purposes and operating guidelines of the IMF
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1). International Monetary and Financial Committee 2). Board of Governors 3). Joint IMF- World Bank Development Committee 4). Executive Board 5). Independent Evaluation Office 6). Managing Director
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A). Board of Governors Highest decision-making body One governor and one alternate governor for each member country Has final say Meets once a year All members are appointed
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B). Executive Board Conduct day to day affairs 24 elected/appointed officials
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C). Independent Evaluation Office Conducts objective evaluation of policy Promotes the learning culture in the IMF
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A last resort assurance and lender Provides necessary objective help External point of view
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Assumes that one solution always applies Lessens social services
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Promotes the Dependency Theory Induces moral hazard
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Good governance: the imf. N.p., n.d. Web. 26 Mar 2012.. International monetary fund: About the imf. N.p., 2010. Web. 26 Mar 2012.. "The Origins of the IMF and World Bank." Global Exchange. N.p., n.d. Web. 26 Mar 2012..http://www.imf.org/external/pubs/ft/exrp/govern/govind ex.htmhttp://www.imf.org/external/index.htmhttp://www.globalexchange.org/resources/wbimf/origins
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