INTERNATIONAL FUND WORLD BANK Finance 241 Gazizova Rufina
INTERNATIONAL MONETARY FUND • 1944 • 1945; 29 • The IMF is a self-described "organization of 188 countries, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. • Countries contribute funds to a pool through a quota system from which countries with payment imbalances temporarily can borrow money and other resources.
STRUCTURE • The IMF began operations on 1 March 1947 as part of the Bretton woods system. In the same year France took the first loan. • Currently, the IMF combines 188 States and structures are 2, 500 people from 133 countries. • The highest governing body of the IMF is the Board of governors. • The Executive Board, which sets policy and is responsible for most decisions, consists of 24 Executive Directors. • In the IMF, the principle of "weighted" votes.
MAIN FUNCTIONS • the expansion of world trade • lending • stabilization of the monetary exchange rates • advising the debtor countries • the collection and publication international financial statistics
WORLD BANK • The World Bank is an international financial institution, established for the purpose of financial and technical assistance to developing countries.
HISTORY • He was also created at the end of the Bretton woods conference held in the USA in 1944 • From 1945 to 1968 • As the first borrower was chosen France • In 1968 -1980 • For the period 1980 -1989 • Since 1989
GOALS AND OBJECTIVES «The purpose of the activities of the world Bank is to promote sustainable globalization in the interests of all strata of the population, reduce poverty, accelerate economic growth without compromising the environment, as well as to create new opportunities and to inspire them with hope. Robert B. Zoellick, world Bank President» Goals include: • the eradication of poverty and hunger; • achieve universal primary education; • reduce child mortality; • improving maternal health; • the sustainable development of the environment;
TYPES AND ACTIVITIES • Unlike other financial institutions, the World Bank does not seek to profit. 1 Mobilization of funds 2 Loans 3 Grants 4 other facilities
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