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IMF Presentation. Dr. Mohamed Hesham Mansour Mohamed Eisa International Marketing George Demian Enas Fawzy Presented By : Wael Ahmed Waleed Abd El- Shafy
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IMF Presentation Dr. Mohamed Hesham Mansour Mohamed Eisa International Marketing George Demian Enas Fawzy Presented By : Wael Ahmed Waleed Abd El-Shafy Amr Alaa Mohamed Ali
IMF Presentation • IMF Highlights - The International Monetary Fund Organization (IMF) was established more than 60 years ago right after the second world war . - The number of members are 187 countries . - The IMF Headquarter is located in Washington DC
IMF Presentation • IMF Original Aims : - The founders aimed to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s and the global conflict that followed .
IMF Presentation • IMF Objectives : - provide a forum for cooperation on international monetary problems . - facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction. - promote exchange rate stability and an open system of international payments. - lend countries foreign exchange when needed.
IMF Presentation • IMF Activities : - policy advice to governments and central banks based on analysis of economic trends and cross-country experiences. - research, statistics, forecasts, and analysis based on tracking of global, regional, and individual economies and markets . - loans to help countries overcome economic difficulties .
IMF Presentation • IMF Activities : - Surveillance , On a regular basis , usually once each year , the IMF conducts in depth appraisals of each member country's economic situation - technical assistance and training to help countries improve the management of their economies.
IMF Presentation • IMF Structure : - The IMF has a management team and 17 departments that carry out its country, policy, analytical, and technical work. - One department is charged with managing the IMF's resources.
IMF Presentation • IMF Current Management Team : - Dominique Strauss-Kahn, a French national, became the IMF's tenth Managing Director in November 2007. Previously, he was the Finance Minister of France during 1997-99. - John Lipsky, an American, has been First Deputy Managing Director since September 2006. Before coming to the IMF, he worked for JPMorgan Investment Bank.
IMF Presentation • IMF Current Management Team : - MuriloPortugal, from Brazil, became Deputy Managing Director of the IMF in December 2006. From 2005 to 2006, he was Brazil's Deputy Minister of Finance. - NaoyukiShinohara, a Japanese national, joined the IMF as Deputy Managing Director in March 2010. Previously, he was Japan's Vice-Minister of Finance for International Affairs.
IMF Presentation • Joining the IMF membership : - To become a member, a country must apply and then be accepted by a majority of the existing members . - Upon joining, each member of the IMF is assigned a quota , based broadly on its relative size in the world economy . - 25% from the quota must be paid to the IMF with SDR’s or with the one of the four main currencies ( $ , € , £ or ¥ ) .
IMF Presentation • Joining the IMF membership : - SDR’s ( Special drawing rights ) , is the currency of the IMF , it was created in 1970 , also called paper gold but it’s neither Paper nor gold , it’s an accounting entry to coincide the members currencies with USD as the principle currency . - The other 75% from the quota could be paid to the IMF with the local currency of the members .
IMF Presentation • Voting Power : - The quota largely determines a member's voting power in IMF decisions. - Each IMF member has 250 basic votes plus one additional vote for each SDR 100,000 of quota. - The biggest Percent of votes goes to USA nearly 16.7% from the total voting power of all members.
IMF Presentation • Differences between IMF and World bank : - IMF is basically concerned with macroeconomic and financial sector issues . - World bank is concerned mainly with longer-term development and poverty reduction . - IMF and World bank are complementing each other's work . - Countries must join the IMF to be eligible for World Bank membership.
IMF Presentation Thank You