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The International Monetary Fund is an international organization which involves 184 instalment countries, and it is located in Washington D.C. It was established in 1945 in order to promote international monetary cooperation, exchange stability, and swell exchange arrangements. It also fosters economic growth and high take of employment. Another propose of the IMF is to provide temporary monetary economic aid to countries to help ease the balance of payments adjustment. Since the IMF has been established, its purposes havent been changed, but its operations such(prenominal) as surveillance, financial assistance, and technical assistance, have been genuine in order to meet the needs of the countries that are members of the IMF, and that are in an evolving world economy. The IMF is accountable to its member countries, which is very crucial for its effectiveness. The mount of Governors is the highest decision making body of the IMF. It consists of one regulator and one alternative governor for each member country. The come on of Governors may delegate to the Executive Board all exclude certain reserved powers. The Executive board (the Board) is responsible for the workaday operations of the IMF.

Most of the IMF recourses come from the quota (or capital) subscriptions that the countries members pay when they join it or from some of the periodic reviews in which the quota have been increased. The IMF provides technical assistance, and financial support to low- income countries such as Argentina, Angola, Bulgaria, Nigeria and many other underdevelop countries. The Managing Director is Head of the IMF staff and Chairman of the Executive Board and is assisted by three Deputy Managing Directors. Although the purposes of the IMF havent been changed since its administration at the end of The World War II, its operations such as surveillance, financial assistance, and technical assistance have changed and alter to help the country members. The objectives of surveillance... If you want to get a good essay, order it on our website: Ordercustompaper.com

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