ibl_prstn_imf

8/8/2019 IBL_prstn_IMF

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Presented By:

Gaurav saha

Manorama Patro

Nandita Paul

Polaki Avas Patro

Satarupa Pahari


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IMF

It was formed to promote international financialco-operation and economic development. It was

formed in July 1944.yAll the member state have 250 votes and an additional

vote for every one crore of deposits.

Main Organs of IMF:

y Board of Governorsy Executive Directors-18 executive directors

y Managing Director-Act as chairman of ED.

G

IB(03) : Grou D, GLOBSYNBUSINESSSCHOOL

ROLE OF IMF & WORLD BANKININTERNATIONALTRADE


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Organizational structure

BOARD OFGOVERNORS

EXECUTIVE BOARD OFDIRECTORS

MANAGINGDIRECTOR

IMF SECRETARIAT

InterimCommitteeDevelopment

committee


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Objectives of IMF

To avoid the competitive devaluation and exchange

control.

To establish and maintain currency convertibility.

To develop multilateral trade and payments.

To promote international monetary co-operation

through a permanent institute.

To facilitate the expansion of balanced growth of

international trade.

To provide exchange stability.


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Role ofIMF in INDIAyJoined IMF on 27 DEC, 1945

y Subscribes to the IMFs special data dissemination

standardy India borrowed SDR3.9 billion (1981-82)

SDR 2.2 billion (1991-93).

In recent years, the fund has provided India in

government securities, foreign exchange market,public expenditure management & tax & customadministrations

PGPIB(03) : Group D, G

OBSYN BUSINESSSCHOOL


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PGPIB(03) : Group D, GLOBSYN BUSINESSSCHOOL

What is an SDR?The SDR (Special Drawing Right) is a reserve assetcreated and distributed by the InternationalMonetaryFund to supplement the reserves of its member countries. SDRs were first created in 1969 to free other reserve assets(convertible currencies and gold) for use in foreign trade andother international transactions.SDRs cannot be used in payment by private individuals. They exist only as electronic accounting balances and are

either retained as reserves or exchanged to settle paymentsbetween the IMF and its members or between membercountries themselves.A unit of SDR is equivalent to 1/35th of an once of fine gold.


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World Banky It was established in December 27,1946

y It is comprised of 186 member nations

y

It is made up of two unique development institution:International Bank for Reconstruction andDevelopment(IBRD) and International Development

Association (IDA)

Composition:

y Board of Governor

y Executive Director-18 ED

y President



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IMF & THE WORLD BANK IMF and World bank both were created at an International

Conference convened in Bretton Woods.

IMF promotes international monetary cooperation and providespolicy advice and technical assistance to maintain strongeconomies.

The World bank promotes long-term economic developmentand poverty reduction to help countries reform particular

sectors or implement specific projects

IMF and World bank collaborate regularly and at many levelson assistance to member countries and are involved in several

joint initiatives.



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Conditionality Agreement

PGPIB(03) : Group D, GLOBSYN BUSINESS SCHOOL

ROLE OF IMF & WORLD BANKIN INTERNATIONALTRADE


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Role ofIMF & World Bank

reference to Developing Countries

PGPI(03) : Gr

, GLOBSYN BUSINESSSCHOOL

ROLE OF IMF & WORL

BANKININTERNATIONALTRA

E


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Cases

PGPIB(03) : Gr

, GLOBSYN BUSINESSSCHOOL

ROLE OF IMF & WORL

BANKININTERNATIONALTRA

E


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Does IMF work accordingly?

Over time, the IMF has been subject to a range ofcriticisms, generally focused on the conditions of itsloans. The IMF has also been criticised for its lack ofaccountability and willingness to lend to country's

with bad human rights record.

Many Criticisms ofIMF include:

1.Condition ofLoans

2.Exchange rate Reform3.Devaluation

4.Free Market criticisms ofIMF

PGPIB(03) : Group D, GLOBSYN BUSINESS SCHOOL

ROLE OF IMF & WORLD BANKIN INTERNATIONALTRADE

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