Imf

planetaryistic Monetary Fund and its Global Impact By Abel Thomas Introduction[1] The International Monetary Fund also cognise as the IMF was created in 1944 to stabilize exchange rates, promote international monetary cooperation and extend temporary financial assistance to its pinch countries. It started first with 29 fellow extremitys; to sidereal day the organization has 185 member countries. Structure of the IMF[2] The fund consists of a jury 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 ar establish by each member state. infra there is a brief description some the assorted 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 ar e unremarkably 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) region as a unit. The Board of Governor impact at one time 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 elect every two years.

This board runs the day to day operations of the IMF. Each member of this board runs a surgical cunt i.e. research, finance or technical assistance. Managing Director, an d staff Managing directo! rs are appointed by the executive directors every five years to make out of the ordinary bicycle business of the Fund. The managing director chairs meetings of the executive directors tho 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 bar a repeat of the disastrous economic policies that had contributed to the Great first of the 1930s....If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay