accountA still actual reform of the IMF from Chinese economist Zhou Xiaochuan.
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INTERNATIONAL MONETARY FUND (IMF)
The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries – especially those with an impact on exchange rates and the balance of payments. The IMF was conceived in July 1944, when 45 countries agreed on a framework for international cooperation that would be established after the Second World War. It was believed that the plan was needed to avoid a repeat of the policies that caused the Great Depression.
Today, the International Monetary Fund consists of 186 member countries and works foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
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Quote: The world’s five major economies—the United States, the euro area, China, Japan, and the United Kingdom (which...
significant' slowdown in economic activity, its markets have stabilized and recovery is on the horizon for 2010, the...
The Global Financial Stability Report provides semiannual assessments of global financial markets and addresses...
discuss the global economy. G20 leaders have announced their decision to transfer at least five percent of the...
after the conclusion of the two-day third G20 summit in Pittsburgh, the U.S. state of Pennsylvania. The International...
The Group of 20 (G20) countries agreed here on Friday to increase developing countries' voting power at the...
The sense of relief at last week's G20 summit was nearly palpable: thanks to their decisive actions over the last year,...
Quote Abstract: This paper is part of a broader on-going effort to bring a more cross-country perspective to bilateral...
It is basically strengthening the financial system. Quote: The work of the IMF is of three main types.
* IMF's Lipsky says U.S. dollar reasonably valued * Other major currencies not significantly out of line * Latest...
China Agrees to Buy $50 Billion of First IMF Bonds The International Monetary Fund announced Wednesday that China is...
statistical supplement (WSS), total foreign exchange reserves, including gold and special drawing rights (SDR) —...
was at the start. Asia’s bounce has taken many forecasters by surprise. In May, for example, the IMF predicted that...
delaying a vote in parliament. Iceland's central bank chief said earlier this week much-needed funds from the...
The International Monetary Fund (IMF) says it will inject $US250 billion ($A299.89 billion) into member nations'...
had traded at 10.04 percent on Thursday. Investors were also continuing to weigh up prospects for an International...
The IMF Board of Governors have approved a general allocation of Special Drawing Rights (SDR) equivalent to USD 250...
financial system is another cloud on the horizon, though it may be healing more rapidly than expected.
Top Sources: International Monetary Fund (IMF)
- People's Daily Online
- imf.org
- The Economist
- Economictimes
- New York Times
- CNBC
- Indian Express
- Sydney Morning Herald
- BBC
- Financial Times
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