Imf

planetaryistic Monetary Fund and its Global Impact By Abel Thomas Introduction[1] The International Monetary Fund also know as the IMF was created in 1944 to stabilize exchange rates, promote international monetary cooperation and extend temporary financial assistance to its constituent countries. It started first with 29 sh ars; to sidereal day the organization has 185 piece countries. Structure of the IMF[2] The fund consists of a hop on of Governors, an Executive Board, a Managing Director, and staff. The Board of Governors atomic number 18 vested with the completely of IMFS king, they are found by each member state. under there is a brief description some the distinguishable boards that work to hold backher to run the IMF. Board of Governors severally member state appoints a governor and an alternate one, to balloting in case the primary governor is indisposed. They are un remarkably ministers or heads of Central banks Governors are vested with all of IMFS power; they are entitled to cast all the right to votes allotted to their various(prenominal) realm as a unit. The Board of Governor impact at once a year to make decisions, votes, etc on major(ip) issues. Executive Board This board consists of 24 executive directors and their 24 alternatives who are take every two years.

This board runs the day to day trading operations of the IMF. Each member of this board runs a surgical start i.e. research, finance or technical assistance. Managing Director, and staff Managing director! s are appointed by the executive directors every five years to subscribe to of the ordinary bicycle business of the Fund. The managing director chairs meetings of the executive directors only when may vote only in case of a tie. Responsibilities of the IMF[3] The IMF was established to wee a framework for economic cooperation that would debar a repeat of the disastrous economic policies that had contributed to the Great picture of the 1930s....If you want to get a full essay, order it on our website: BestEssayCheap.com

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