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 International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion (about $668 billion).


Through the fund, and other activities such as the gathering of statistics and analysis, surveillance of its members' economies and the demand for particular policies, the IMF works to improve the economies of its member countries. The organisation's objectives stated in the Articles of Agreement are: to promote international monetary co-operation, international trade, high employment, exchange-rate stability, sustainable economic growth, and making resources available to member countries in financial difficulty.

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updated Mon. April 16, 2018

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The spring meetings of the World Bank and the International Monetary Fund's board of governors begin in Washington. Tuesday Latest jobs figures will be revealed by the Office for National Statistics for December to February. Last month the employment rate was said to be at a record high of 75.3 per ...
As the International Monetary Fund prepares to reveal its semi-annual health check of the world economy this week, the noises coming from the Washington-based body of 189 countries are not as positive as they were six months ago. Investors are believed to fear that global growth is now starting to ...

The program, which is being implemented in partnership with the International Monetary Fund, is fully based on the four-point reform plan of the Government of Georgia. The IMF fully agrees with the country's political reform program and its economic policy. The successful completion of the second ...
The International Monetary Fund said it is resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure it's more than USD 1 billion debt to Glencore and four banks.

Washington: The International Monetary Fund (IMF) today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system.
Source: Finance and Development, International Monetary Fund, March 2018 (p. 20). The study uses data from the period of 2000-2013 for the case of Georgia. The analysis focuses on the reforms carried out after the Rose Revolution, the decrease in the amounts of taxes and interest rates and measures ...
[NEW YORK] The US dollar's share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies' shares of reserves grew, data released on Friday showed. The share of dollar reserves has declined for four straight quarters as ...
In recent years, research at the International Monetary Fund (IMF) had waded into previously sacrosanct areas such as income inequality, labour share of income, labour unions, and free flow of capital across borders. In all these cases, the official view was that economic growth was the best medicine for ...
WASHINGTON: China's ambitious Belt and Road initiative is an important initiative that can foster regional cooperation, but entails risks like debt sustainability as well, the International Monetary Fund said today. "The Belt and Road initiative is a very important initiative that we think can foster regional ...
Unemployment Major Challenge For India: International Monetary Fund. Noting that India has been one of the fastest growing large economies in recent times, Gerry Rice said this has led to improvement in reducing poverty and improvements in living standards. All India | Press Trust of India | Updated: ...
IMF managing director Christine Lagarde, speaking in Berlin, welcomed the global economic upswing, 1 IMF managing director Christine Lagarde, speaking in Berlin, welcomed the global economic upswing, but worried about 'the rise of populism and the short-sighted siren call of protectionism'.
The powerful head of the International Monetary Fund (IMF) today called on Eurozone countries to establish a “rainy day fund” to protect against economic crises. Christine Lagarde, the IMF's managing director, today said the Eurozone should create a “central fiscal capacity” able to step in and support ...
An International Monetary Fund (IMF) mission, led by Ms. Anita Tuladhar, visited Tirana during March 7-20, 2018, for the first Post-Program Monitoring (PPM) discussions. The PPM process is intended for member countries that have substantial IMF credit outstanding following the expiration of their ...
As part of its commitment to support financial inclusion, the International Monetary Fund (IMF) conducts an annual Financial Access Survey (FAS). [1] The FAS is a high-quality supply-side financial inclusion database with a global reach to support policy analysis and formulation in the financial inclusion ...

International Monetary Fund Chief Christine Lagarde Warns 'No Winners' In Trade Wars. Donald Trump's sudden decision earlier this month to impose a 25 percent tariff on steel and 10 percent on aluminum has revived fears of a trade war. World | Agence France-Presse | Updated: March 19, 2018 10:52 ...
As part of its commitment to support financial inclusion, the International Monetary Fund (IMF) conducts an annual Financial Access Survey (FAS). [1] The FAS is a high-quality supply-side financial inclusion database with a global reach to support policy analysis and formulation in the financial inclusion ...
BUENOS AIRES (Reuters) - Colombia proposed on Monday that the International Monetary Fund provide assistance to help several hundred thousand Venezuelan refugees who have fled an economic and political crisis to neighboring countries, officials at the G20 summit said. The proposal was ...
The IMF today said that India should see its growth picking up this year after two "transitory shocks" - the demonetisation and the GST - while China's growth is likely to fall gradually. In its G-20 Surveillance Note "Global Prospects and Policy Challenges" ahead of the G-20 Finance Ministers meeting in ...
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has urged global policymakers to guard against trade protectionism in the wake of US proposed tariffs on steel and aluminium. "Policymakers need to work constructively together to reduce trade barriers and resolve trade ...
“On March 12, 2018, the executive board of the International Monetary Fund approved Kenyan authorities' request for a six-month extension of the country's stand-by arrangement to allow additional time to complete the outstanding reviews,” said IMF in a statement. The global lender said the reviews were ...
International Monetary Fund (IMF) Deputy Managing Director Tao Zhang today called on Finance Minister Arun Jaitley and discussed various economic issues and structural reforms undertaken by the government. “Minister Jaitley and I discussed economic policies, recent developments, and the outlook for ...
On Wednesday morning, the price of one Bitcoin slipped back below the $9,000 mark for the first time this week, following several pieces of potentially worrying news for the cryptocurrency community. First came a blog post from Christine Lagarde, in which the head of the International Monetary Fund (IMF) ...
The International Monetary Fund is an ideological enemy to Bitcoin and decentralized virtual currencies in general. The Washington, DC-based organization centrally controls a global system of payments and loans, often given to struggling nations on the condition that they impose strict austerity. Now, the ...
On March 5, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Republic of Mozambique. In recent years, Mozambique's economy has been adversely affected by the fall in commodity prices and adverse weather conditions, as well as by the ...
On March 5, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. The Nigerian economy is exiting recession but remains vulnerable. New foreign exchange measures, rising oil prices, attractive yields on government securities, and a ...
The committee's proposal for a review falls short of the CBK and the International Monetary Fund's call for an outright repeal. “There has been slow movement of credit to the private sector since the introduction of the caps,” Nikko Hobdari, senior economist at the IMF told MPs. READ: Costly loans beckon as ...
Donald Trump's plan to impose taxes of up to 25 per cent on imports of steel and aluminium would damage the US economy as well as America's trading partners around the world, the International Monetary Fund has warned. The financial organisation said the import restrictions could lead to other ...
On February 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Namibia. Since 2010, Namibia has experienced a period of exceptional growth. Growth was partly attributable to temporary factors. An expansionary fiscal policy, the ...
On February 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Namibia. Since 2010, Namibia has experienced a period of exceptional growth. Growth was partly attributable to temporary factors. An expansionary fiscal policy, the ...
“Further to some press reports earlier today, I would like to clarify the status of Kenya's Fund-supported program.” “The precautionary SBA/SCF arrangement remains in place until end-March 2018. The second and third reviews of the program, due respectively in June and December 2017, could not be ...
The International Monetary Fund has thrown its weight behind the Turnbull government's company tax reforms, arguing they would "benefit productivity and reduce inequality" and should be paid for by increasing the GST and introducing land taxes. The call from the global financial watchdog is likely to ...
The International Monetary Fund has predicted a "soft landing" for Australian house prices even though it says the market is still between 5 and 15 per cent overvalued. The Washington-based institution endorsed "multi-pronged" measures that Australian authorities have used to take the heat out of the ...
An International Monetary Fund (IMF) team, led by Ms. Mercedes Vera-Martin, visited Tbilisi during February 7-13, 2018 to discuss recent economic and financial developments and progress with structural reforms. At the conclusion of the visit, Ms. Vera-Martin issued the following statement: “Economic ...
Following is the transcript of an exclusive CNBC interview with Christine Lagarde, Managing Director of the IMF at 2018 World Government Summit in Dubai. The interview was broadcast on CNBC on 12 February 2018. All references must be sourced to a "CNBC Interview'. Interviewed by Hadley Gamble, ...
In its G-20 Surveillance Note "Global Prospects and Policy Challenges" ahead of the G-20 Finance Ministers meeting in Argentina next week, the International Monetary Fund said that globally growth is expected to revert to a weaker trend. In the US, a higher growth is projected amid buoyant external ...
Israel's economy is strong and will remain that way for the next few years, and that presents an opportunity for the country to undertake reforms and make badly needed infrastructure investments, the International Monetary Fund said on Wednesday. Israel gross domestic product grew 3.4% last year, with ...
The International Monetary Fund's (IMF) Managing Director Christine Lagarde has warned a global trade war would create a lose-lose situation for everyone. Last week, President Donald Trump insisted "trade wars are good" after a contentious global response regarding his decision to impose tariffs on ...
An International Monetary Fund staff team led by Chris Walker, IMF Mission Chief for Haiti, visited Port-au-Prince from February 20-25, to carry out discussions with the Haitian authorities on a Staff-Monitored Program (SMP). At the conclusion of the mission, Alejandro Werner, Director of the IMF's Western ...
On February 21, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Somalia. Despite a severe drought and sporadic terrorist attacks, Somalia avoided a significant economic slowdown in 2017 with support from the national and international ...
“Further to some press reports earlier today, I would like to clarify the status of Kenya's Fund-supported program.” “The precautionary SBA/SCF arrangement remains in place until end-March 2018. The second and third reviews of the program, due respectively in June and December 2017, could not be ...
On February 7, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Australia.[1]. Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the commodity price and mining investment booms of the 2000s.
The International Monetary Fund has thrown its weight behind the Turnbull government's company tax reforms, arguing they would "benefit productivity and reduce inequality" and should be paid for by increasing the GST and introducing land taxes. The call from the global financial watchdog is likely to ...
The concluding statement of an International Monetary Fund (IMF) mission in Turkey has warned of the danger of overheating in the country's economy following a rapid recent recovery, asking for further monetary and fiscal tightening. On Feb. 16, the IMF Staff Concluding Statement of the 2018 Article IV ...
The International Monetary Fund has predicted a "soft landing" for Australian house prices even though it says the market is still between 5 and 15 per cent overvalued. The Washington-based institution endorsed "multi-pronged" measures that Australian authorities have used to take the heat out of the ...
The International Monetary Fund has thrown its weight behind the Turnbull government's company tax reforms, arguing they would "benefit productivity and reduce inequality" and should be paid for by increasing the GST and introducing land taxes. The call from the global financial watchdog is likely to ...
Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Nouakchott at the end of his visit to the Islamic Republic of Mauritania, which followed the approval on December 6, 2017 by the IMF Executive Board of a three-year ...


 

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