IMF
The International Monetary Fund (IMF) was created to promote international monetary cooperation; to facilitate the expansion and balanced growth of international trade; to promote exchange stability; to assist in the establishment of a multilateral system of payments; to make its general resources temporarily available to its members experiencing balance of payments difficulties under adequate safeguards; and to shorten the duration and lessen the degree of lack of equilibrium in the international balances of payments of members. On December 27, 1945, the IMF was established at the United Nations Monetary and Financial Conference, held at Bretton Woods, New Hampshire. At its birth, it was to oversee stability in international monetary affairs and to facilitate the expansion of world trade. Also created to aid these purposes was the International Bank for Reconstruction and Development (World Bank). Both were specialized agencies of the United Nations, and membership in the World Bank required countries to first be members of the IMF. The World Bank was given control over long-term financing for nations in need, while the IMF’s responsibility was to monitor exchange rates, provide short-term
. . .
Some common words found in the essay are:
Adjustment Facility, Fund Articles, Subsidy Account, Countries OPEC, Fund IMF, World Bank, Woods Hampshire, international monetary, Articles Agreement, balance payments, United Nations, Article Agreement, structural adjustment, world bank, structural adjustment facility, creditor nations, oil crisis, banks creditor, debt debt, united nations, international monetary fund, balance payments difficulties, banks creditor nations, private banks,
Approximate Word count = 895
Approximate Pages = 4 (250 words per page double spaced)
|
 |
