International Monetary Fund

1. “I have full confidence in the IMF. It is a very strong international institution”. -José Manuel Barroso International Monetary Fund An informative presentation by: Sara, Connor & Ousman

2. But wait … what is the IMF? • The IMF strands for International Monetary Fund • They are involved with numerous countries, 188 to be exact • IMF promotes and grants international financial stability • Goal is to facilitate international trade • Provides high contract loans to struggling countries • The IMF also specializes in providing policy advice to governments and banks based on trends relating to the economy

3. History • The IMF was created in 1944 after the second world war • It was created because many countries needed help rebuilding after the damage caused by the war • First Meeting of all 29 starting member nations was in New Hampshire, United States • Through out the coming years the IMF would continue to regulate exchange rates and do its best to help out developing nations • It has implemented different kinds of loans, member countries can apply for the Structural adjustment facility launched in 1986

4. People Involved In The IMF • 2,400 staff are currently employed by the IMF • Headquarters are located in Washington, D.C. • Christine Lagarde;managing director of the IMF • David Lipton; one of the head directors • Naoyuki Shinohara; Deputy Managing Director • Min Zhu; Special Advisor to the Deputy Managing Director • The Board of Governors is the highest decision making body of the IMF

5. The IMF participates in multiple activities with The World Bank, UN, agencies, and other international organizations • They have heavy history with the G-20, these two organizations work hand in hand to prevent economic chaos with multiple countries • To stay informed of occurring events around the world, the IMF is widely involved with the worlds media on a daily routine • IMF and the UN have multiple meeting, being one of the heavy funders for operations Groups Involved

6. CountriesInvolved Belgium Canada China Bolivia Columbia Czechoslovakia Cambodia Egypt Ethiopia France Greece Honduras Greece Honduras Iceland India Iraq Netherlands Luxembourg Norway Philippines South Africa United Kingdom United States Yugoslavia Domican Republic Ecuador Guatemala Paraguay Iran Chile Mexico Peru Iceland India Iraq Netherlands Luxembourg Norway Philippines South Africa United Kingdom United States Yugoslavia

7. Main Objective • reducing poverty around the world • promoting high employment and economic growth • securing financial stability • working to foster global monetary cooperation • facilitating international trade

8. Benefits To Global Trade • With the IMF, it’s debatable as to if they perform more harm than good • Integration with international corporations has promoted economic growth and the success of a decline in poverty • Has led to mass income • Economic growth and wealth to poor countries • Trade liberation

9. Limitations Of The Organization • Only offers a temporary solution to a long term problem regarding debt • When certain conditions can not be met by an asking country funds may withheld halting overall process • Cannot constantly monitor economic • progress of a country • Can’t force all countries to adopt policies

10. Criticisms BLAH • The IMF serves wealthy countries and Wall Street • The IMF is a secretive institution with no accountability • The IMF policies hurt women the most BLAH BLAH

11. Other Interesting • They constantly monitor countries to prevent economic crashes • Helps countries to successfully and effectively create new polices • Although, their job is to lend out money the IMF could borrow temporarily to strengthens their quota resources • Unless its an urgent matter, the IMF normally only hosts two meetings a year Facts

12. Guess What Time It Is

13. QUIZ TIME

14. QUESTION #1 What is the IMF? Organization dealing with the rules of trade between nations Informal group of 19 countries and the European Union 188 countries, working to foster global monetary cooperation

15. Question #2 Where was the IMF founded? Wshington, D.C

16. Question #3 How many countries do they support?

17. Question #4 Who is the managing director of the IMF? Christine Lagarde b) Min Zhu c)David Lipton d)Naoyuki Shinohara

18. Question #5 Was the IMF created after the second world war? YES

19. Thank you for listening to our presentation TO WATCH AGAIN VISIT:

20. BIBLIOGRAPHY Slide #1 (QUOTE) : http://www.brainyquote.com/quotes/authors/j/jose_manuel_barroso.html Slide #2 : http://www.imf.org/external/about/collab.htm Slide #3 : http://www.imf.org/external/about/history.htm Slide #4 : https://www.imf.org/external/about/orgfin.htm Slide #5 : http://www.imf.org/external/np/exr/facts/groups.htm Slide #6 : http://www.imf.org/external/country/Index.htm Slide #7 : http://www.preserveartivles.com/2011092213919/what-are-the-main-objectives-of-international-monetary-fund.html Slide #8 : https://www.imf.org/external/np/exr/ib/2001/110801.htm Slide #9 : http://www.forbes.com/2009/04/30/imf-currency-g20-business-oxford-analytica.html Slide #10 : http://www.globalexchange.org/resources/wbimf/oppose Slide #11 : http://www.imf.org/external/np/exr/facts/glance.htm