1. By: Rohan Bhatia and Rahul Swaminathan

2.  To foster economic growth and stability through trade  To grant economic opportunities and cope with economic challenges  To maintain orderly exchange rates

3.  Gives Policy advice  Administers loans  Provides technical aid

4.  Created 60 years ago  Meant to build economic framework  Broader scale  Recently has increased its lending power and flexibility

5.  Articles of Agreement of the International Monetary Fund  1944/1945  Lays out the purposes and operating guidelines of the IMF

6.  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

7. 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

8. B). Executive Board  Conduct day to day affairs  24 elected/appointed officials

9. C). Independent Evaluation Office  Conducts objective evaluation of policy  Promotes the learning culture in the IMF

10.  A last resort assurance and lender  Provides necessary objective help  External point of view

11.  Assumes that one solution always applies  Lessens social services

12.  Promotes the Dependency Theory  Induces moral hazard

13.  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