The International Monetary Fund

Jazi Al Thani 9E

Why was this Organization

Created

The IMF was created for two reasons the first is so that the company can loan

money to other countries to help them build up their economy and then the

country would pay the IMF back after it has improved its economy.

The second reason is that countries that are going bankrupt have access to money so they can save their country from going

bankrupt.

Who Was it Founded By?

The IMF was founded by John Maynard Keynes and 

Harry Dexter White. 

Where was their First Headquarters

The first IMF headquarters is located in Washington DC, United States of America.

The Countries you can Find the

Organization in Today

The IMF has a total of 188 member countries and the map below shows which of the countries those

are.

The IMF member states is in dark green                                            

The IMF members not accepting obligations is in light green

The IMF's Aim and Main Focus

The IMF's fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries

with balance of payments difficulties; and giving practical help to members.

Programs the IMF Offers

The IMF provides loans to countries that have trouble meeting their international

payments and cannot otherwise find sufficient financing on affordable terms. This

financial assistance is designed to help countries restore macroeconomic stability by

rebuilding their international reserves, stabilizing their currencies, and paying for

imports—all necessary conditions for relaunching growth. The IMF also provides concessional loans to low-income countries to help them develop their economies and

reduce poverty.

The IMF oversees the international monetary system and monitors the

financial and economic policies of its members. It keeps track of economic developments on a national, regional, and global basis, consulting regularly with member countries and providing

them with macroeconomic and financial policy advice.

To assist mainly low- and middle-income countries in effectively managing their

economies, the IMF provides

practical guidance and training on how to upgrade institutions, and design

appropriate macroeconomic, financial, and structural policies.

How the IMF Gains Funds

The international monetary fund gains most of its money through loans they receive from member countries. Basically each member country would

be assigned a quota and that quota would be decided depending on its size in the world

economy and that determines how much they can contribute to the IMF’s financial resources. Then upon joining the IMF the country would have to

pay up to one quarter of the quota in a well known currency and the rest of their quota in their own

currency as sort of like a recruitment fee.

The IMF then uses the money they gain from the recruitment fees to loan

money to other countries thus continuing the cycle of gaining money. So the IMF basically takes money from

every country that joins their organization because they then use the money to help other countries

that are need by giving them loans.

Conclusion

AFTER LOOKING OVER SEVERAL CASE STUDIES AND A CREDIBLE SITES REVIEW OF THESE CASE STUDIES I HAVE

COME TO THE CONCLUSION THAT THIS NON GOVERNMENTAL ORGANIZATION ISN’T VERY SUCCESSFUL

AT OBTAINING THEIR GOALS. THIS IS BECAUSE EVEN THOUGH THE ORGANIZATION ITSELF HAS BECOME VERY

POPULAR AND WELL KNOWN AS WELL AS HAS HUNDREDS OF BILLIONS OF DOLLARS SAVED UP IT DOESN’T PROVIDE THE PROPER SUPPORT TO THUS PUTTING MANY PEOPLE OUT OF A JOB. THE COUNTRIES THAT ARE ITS MEMBERS. YOU CAN TELL BECAUSE QUITE A LOT OF THE COUNTRIES THAT IT’S HELPED ARE CURRENTLY IN POVERTY. ALSO THE IMF IS FUNDING LARGER CORPORATIONS WITH THE MONEY AND FUNDING THAT THEY NEED TO DESTROY THE SMALLER

ORGANIZATIONS

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