International Monetary Fund - Wikipedia

The IMF was set up at a conference in 1944. Representatives of 45 countries met to discuss how to avoid the problems caused by the economic depression of the 1930s. They wanted more international financial co-operation.


International Monetary Fund - IMF bookstore

International Monetary Fund’s Rogues Gallery

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The International Monetary Fund’s World Economic …

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International Monetary Fund (IMF) and ..

IMF | Structural Adjustment | International Monetary Fund

SDRs are international foreign exchange reserve assets. Allocated to nations by the IMF, an SDR represents a claim to foreign currencies for which it may be exchanged in times of need.


Including the yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.

What does the International Monetary Fund do

What you all appear to be overlooking is the fact that China’s stock market is in worse shape than the NYSE. Beyond that they have been on a building spree that has resulted in many cities being erected from scratch that are not now and never will be occupied. They have created a housing bubble that makes 2008 look like a picnic. There are also whole subdivisions in the USA that have never been occupied and are now being razed due to their deterioration and China will be doing that to entire cities within the next decade. China’s exports are also inferior products and their economy will eventually take a big hit when the world wakes up and stops buying cheap shoddy Chinese merchandise. And for the US debt, you can lay that at the feet of Ronald Reagan. When he took office the national debt was less than one trillion dollars. He spent trillions on defense programs that no utility for the express purpose of driving the USSR into bankruptcy. The list of insane behavior from past presidents is too long to address here, but do some historical research and then draw your conclusions. There is way too much emotion and not enough rational thought here.

The IMF's primary purpose is to ..

The International Monetary Fund ..

This group wants an immediate end to the IMF’s policies, a cancellation of all outstanding government debts in the developing world (discussed in more detail below), and reparations for the damage, in their view, that the IMF and World Bank’s policies have caused.

What is the purpose of the International Monetary Fund?

At the same time, the government officials of borrowing countries often felt powerless to question the IMF’s policies, believing that just to ask a question would be viewed by the IMF as a challenge to its authority and jeopardize the loans it was offering. A great lack of trust, therefore, characterized relations between the Fund and its borrowers, as the public and governments of its borrower countries felt out of the loop on the decisions that would shape their economic future.

188 countries are members of the International Monetary Fund

They do not generally specialize in the economies of the countries whose policies they oversee, often do not live in those countries and mostly work from Washington, D.C. and have little appreciation for the political circumstances under which the governments operated. When crises arise, therefore, says Stiglitz (2001), the IMF instinctively blames the governments of the countries suffering the crises.