Imf members. Dependent territories of member countries are listed alphabetically followed by a description of the constitutional Aug 2, 2021 · The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) on August 2, 2021, to boost global liquidity. Find out how the IMF protects the global economy and its role in the world. com Feb 2, 2025 · International Monetary Fund (IMF) is an international organization, established on December 27, 1945, in Washington on the recommendations of Bretton Woods Conference. Former MD: Christine Lagarde. C. The IMF is governed by and accountable to its member countries. Jul 7, 2022 · The AREAER provides a comprehensive description of restrictions on international trade and payments, capital controls, and measures implemented in the financial sector, including prudential measures that may affect capital flows for all IMF members. The SDR is not a currency. Headquarters: Washington, D. IMF members have access to the General Resources Account on non-concessional terms (market-based interest rates), but the IMF also provides concessional financial support (currently at zero interest rates) through the Poverty Reduction and Growth Trust, which is better tailored to the Nov 26, 2024 · The International Monetary Fund is an intergovernmental organization that works to improve the international financial systems, trade, and economic well-being in its member countries. Quotas are the Oct 21, 2024 · The Principality of Liechtenstein became a member of the IMF today when Prime Minister Daniel Risch signed the Fund’s Articles of Agreement during a ceremony in Washington D. Past practice has been that Executive Directors may submit a nomination for the position. The impacts of these challenges are being felt unevenly across countries and will inevitably play out in their balance of payments Oct 16, 2020 · Today the IMF welcomed the Principality of Andorra as its 190th member. Country Composition of WEO Groups The country classification in the World Economic Outlook divides the world into two major groups: advanced economies and emerging and developing economies. Aug 26, 2022 · The International Monetary Fund (IMF) is an international financial organization made up of 190 member countries. , USA. Jun 16, 2022 · The International Monetary Fund (IMF) is an organization of 190 member countries, each of which has representation on the IMF's executive board in proportion to its financial importance, so that the most powerful countries in the global economy have the most voting power. The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. Aug 23, 2024 · Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. [1] “This is a historic decision – the largest SDR allocation in the history of the IMF and a shot in the arm for the global economy at a time of unprecedented crisis. Its members are the nance ministers or central bank leaders of the member countries. During the post-partition period Jun 30, 2004 · This classification system is based on members' actual, de facto, arrangements as identified by IMF staff, which may differ from their officially announced arrangements. Renunciation of foreign debt marks beginning of debt crisis across Latin America. The organization currently lists 189 member countries that are represented on the IMF Executive Board. Beyond serving as the IMF’s primary funding source to support IMF lending and operations, quotas shape members’ access to May 6, 2025 · Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on common policies of member countries of the West African Economic and Monetary Union (WAEMU) [1]. Board of Governors All powers of the IMF are vested in its Board of Governors, on which all member states are represented. The IMF chief has been Managing Director Kristalina Georgieva since Sept. At the end of these discussions, Mr. See full list on gkgigs. With rising global competition and internal barriers holding back growth, she emphasized that now is the time for Europe Apr 30, 2021 · The Executive Board is responsible for conducting the day-to-day business of the IMF. Aug 13, 2025 · International Monetary Fund, United Nations specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies). The Articles embody a set of rules for the international monetary system, with rights and obligations for the mem-ber countries, and with the Fund as a kind of an arbiter. The IMF's Board of Governors conducts general quota reviews quotas at least every five years. It also provides information on the classification of their exchange rate arrangements, operation of foreign exchange markets, restrictions on Nov 7, 2019 · It is composed of 24 Directors, who are elected by member countries of by groups of countries, and the Managing Director, who serves as its Chairman. Mar 24, 2025 · Remarks by IMF Chief Kristalina Georgieva at the Eurogroup Meeting In remarks to Eurogroup ministers in Luxembourg, IMF Managing Director Kristalina Georgieva urged bold action to deepen Europe’s single market, strengthen national reforms, and scale up EU-level investment. It carries out its work largely on the basis of papers prepared by IMF management and staff. Apr 12, 2024 · The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a second five-year term starting on October 1, 2024. Find out what the IMF does and why it’s controversial. Please contact staff members through the telephone operator [+ 1 (202) 623-7000] to request his or her e-mail address. 130 The IMF’s knowledge sharing efforts are demand-driven, meaning initiated by our member countries. Permanent resources: these are derived from members’ quota subscriptions and constitute the primary source of IMF funding. Structure and Governance of the IMF The governance structure of the IMF is designed to reflect the diverse interests of its member countries while ensuring effective decision-making. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. They work together to try to stabilise the global economy. LIST OF IMF MEMBER COUNTRIES WITH DELAYS IN COMPLETION OF ARTICLE IV CONSULTATIONS OR MANDATORY FINANCIAL STABILITY ASSESSMENTS OVER 18 MONTHS IMF staff regularly produces papers proposing new IMF policies, exploring options for reform, or reviewing existing IMF policies and operations. The ratio of board members from each member country depends Apr 22, 2021 · International Monetary Fund organizational chartThe IMF Press Center is a password-protected site for working journalists. , marking a significant step for Liechtenstein’s global financial integration. Jul 31, 2025 · for all members as of July 31, 2025 The Special Drawing Right (SDR) is an international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. A basket of currencies 5 days ago · For the first time, all seats on the IMF Executive Board will be held by Executive Directors elected by IMF member countries. Members must refrain from Central Bank Ministry of Finance Ministry of Economic Development and Poverty Reduction State Committee on Statistics State Tax Committee About the IMF The IMF is a global organization that works to achieve sustainable growth and prosperity for all of its 191 member countries. The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with India. 6 billion, or US$320 billion), which will bring total quotas to SDR 715. An applicant for membership does not have a similar right to membership under Article II, Section 2 The International Monetary Fund (IMF) is a global organization of 189 member countries set up to promote the health of the world economy. 3 days ago · The Executive Board (the Board) is responsible for conducting the day-to-day business of the IMF. [2] This web page provides information on official IMF reports and Executive Board documents in English that deal with India. S. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 191 member countries. Nov 1, 2024 · IMF member countries have successfully elected an expanded Executive Board of 25 Executive Directors, including three representing Sub-Saharan Africa. For additional background and basic facts about IMF Quotas please refer to this factsheet. IMF Objectives: Facilitate Balanced Growth: Promote and maintain monetary stability globally to facilitate balanced growth of Ms. The International Monetary Fund (IMF) is a global membership organization founded in 1944 that attempts to insure a stable worldwide financial system by fostering cooperation among its 185 members regarding exchange rates and other monetary issues; facilitating international payments and transfers; reducing the payment imbalances of its members; and providing loans. Previously, five of the seats on the Executive Board were reserved for Directors appointed by the members with the five largest quotas. The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to buy goods . May 12, 2024 · The IMF is an international organisation that promotes economic growth, financial stability, and prosperity for all of its 190 member countries. Krueger Staff – Approximately 2,650 from 140 countries Accounting Unit – Special Drawing Rights (SDR) Total Quotas […] Jul 13, 2020 · Learn about the International Monetary Fund (IMF), its objectives, structure, functions, and members. An outright Apr 28, 2023 · The International Monetary Fund (IMF) is an organization of 190 countries working to promote international monetary cooperation, facilitate international trade, contribute to high levels of employment and real income, promote exchange stability, and help member countries address balance of payments Jul 30, 2021 · IMF Strategy to Help Members Address Climate Change Related Policy Challenges—Priorities, Modes of Delivery, and Budget Implications The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D. In FY2018, the IMF provided support to almost the entire membership of 191 countries. The scheme ranks exchange rate arrangements on the basis of their degree of flexibility and the existence of formal or informal commitments to exchange rate paths. Oct 10, 2023 · The IMF is an international organisation with 190 member countries. The key functions of the IMF are the surveillance of the international monetary system and the monitoring of members' economic and financial policies, the provision of Fund resources to member countries in need, and the delivery of technical assistance and financial services. This classification is not based on strict criteria, economic or otherwise, and it has evolved over time. What is the SDR? The SDR is an international reserve asset. The day-to-day work of the IMF is overseen by its 25-member Executive Board, which represents the entire membership and supported by IMF staff. Which of the following changes were made to the International Monetary Fund's Articles of Agreement in the Jamaica agreement? IMF members were permitted to sell their gold reserves at the market price. The IMF has several lending instruments to meet the different needs and specific circumstances of its members. Membership in the Fund had grown to 103 states by the beginning of 1966. 189 countries are members of the International Monetary Fund. Multilateral and bilateral arrangements can supplement quota funds and plays a critical role in the IMF’s support for member countries in times of crisis. ESTABLISHMENT AND ORGANIZATION The Final Act of the United Nations Monetary and Financial Conference, signed at Bretton Woods Dec 8, 2023 · An International Monetary Fund (IMF) mission led by Gabriel Di Bella visited Vaduz during November 27-December 8, 2023, in response to application by the Government of the Principality of Liechtenstein for membership in the IMF. Jul 31, 2025 · Member Financial Data1/ A member's initial quota subscription effective date reflects the date the member joined the IMF. Kristalina Georgieva, from Bulgaria, is Managing Director and Chairman of the Executive Board from October 1, 2019 Madame Christine Lagarde, from France, was Managing Director and Chairman of the Executive Board from July 5, 2011 to September 12, 2019 Mr. participation in the IMF through oversight, appropriations, and other 6 days ago · This page provides basic information on the IMF's Special Drawing Right, and answers to the frequently asked questions. Find out which countries are members of the International Monetary Fund (IMF), an organization that promotes global economic stability and cooperation. Support for families includes the IMF Spouse and Partner Association, which provides a support network for your partner– offering advice on living and working in the area, career services, personal development, English language courses, a school counselor to help your children settle into school, and an onsite childcare center. Apr 30, 2024 · The International Monetary Fund (IMF) is an organization of 191 countries working to promote international monetary cooperation, facilitate international trade, contribute to high levels of employment and real income, promote exchange stability, and help member countries address balance of payments Dec 18, 2023 · On December 15, 2023, the Board of Governors of the IMF concluded the 16th General Review of Quotas and approved an increase of IMF members quotas by 50 percent (SDR 238. Among the non-members are the U. Oct 16, 2022 · The Development Committee It is a joint committee, tasked with advising the Boards of Governors of the IMF and the World Bank on issues related to economic development in emerging and developing countries. Want to know more, watch this CNBC explains video Mar 13, 2025 · List Of IMF Member Countries With Delays In Completion Of Article IV Consultations Or Mandatory Financial Stability Assessments Over 18 Months Unlike the United Nations General Assembly, where each country has one vote, voting power and decision-making at the IMF reflect its member countries’ relative economic position. Dominique Strauss-Kahn, from France IMF Reaches Staff-Level Agreement on the Combined Third and Fourth Reviews of Bangladesh’s Extended Credit Facility, Extended Fund Facility, and Resilience and Sustainability Facility Arrangements May 14, 2025 Press Releases Boosting Growth and Prosperity in South Africa Improving the business environment, strengthening governance, and reforming the labor market are among the keys to economic success. Oct 22, 2024 · Intergovernmental Group of Twenty-Four on International Monetary Affairs and DevelopmentIntergovernmental Group of Twenty-Four on International Monetary Affairs and Development October 22, 2024 List of IMF Resident Representative OfficesOn this site, the term "country" does not in all cases refer to a territorial entity that is a state as understood by international law and practice. All IMF member countries are represented on its Executive The International Monetary Fund (IMF) is a global organization of 190 member countries set up to promote the health of the world economy. Quotas are at the core of the International Monetary Fund (IMF)’s finances and governance. Apr 12, 2016 · The IMF welcomed the Republic of Nauru as its newest member on April 12. These bodies make all major decisions for the organizations. It is a cooperative of 185 member countries, whose objective is to promote world economic stability and growth. These policy adjustments are conditions for IMF loans and help to ensure that the country adopts strong and effective policies. It is composed of 25 Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman. ____ Exchange rates were declared acceptable in the Jamaica agreement. IMF Resident Representative Offices IMF Regional Reports IMF and Europe IMF Members' Quotas and Voting Power, and Board of Governors IMF Regional Office for Asia and the Pacific IMF Capacity Development Office in Thailand (CDOT) IMF Regional Office in Central America, Panama, and the Dominican Republic Oct 21, 2024 · On Monday, October 21, 2024, Liechtenstein officially became the 191st member of the International Monetary Fund. The IMF works to ensure that its governance structure keeps pace with changes in the world economy, including the larger role that emerging market and developing economies now have. The SDR allocation will Dec 19, 2024 · The AREAER provides a comprehensive description of restrictions on international trade and payments, capital controls, and measures implemented in the financial sector, including prudential measures that may affect capital flows for all IMF members. India joined the International Monetary Fund (IMF) on December 27, 1945. The May 12, 2025 · Functions of International Monetary Fund The International Monetary Fund (IMF) functions to promote global monetary cooperation, ensure exchange rate stability, facilitate balanced growth of international trade, provide financial assistance to members, and offer policy advice to foster economic stability. The Aug 15, 2025 · The IMF or International Monetary Fund provides loans and advice to member countries. It does so by providing short-term lending to countries in economic crises, by assessing economic conditions and recommending policies that promote economic stability, and by The IMF's 25-member Executive Board is responsible for selecting the Managing Director. First, a general quota review allows the IMF to Executive Directors and Alternates The Executive Board (the Board) is responsible for conducting the IMF’s day-to-day business. Members are required to share information on financial, fiscal, economic, and exchange policies that have international ramifications. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. In joining the IMF, members cede Dec 8, 2023 · The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management. The Board usually meets several times each week. Browse the alphabetical list of 191 IMF members and their constitutional relationships with other countries. Jul 22, 2025 · The International Monetary Fund is an international organization that promotes global financial stability, encourages international trade, and reduces poverty. The Board’s decision was taken by consensus. The IMF encourages its members to be open and transparent about their economic policies. It is a potential claim on the freely usable currencies of IMF members. The IMF, Money, International Trade and Cooperation (Activities: Cornerstones of the IMF and Trading Around the World) Group #4: Membership Benefits and Obligations Newland is a new country and wants to join the IMF. It is composed of 24 Executive Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chair. Under its Articles of Agreement, the IMF may allocate SDRs to member countries who are participants of the SDR Department in proportion to their IMF quotas. Prime Minister Daniel Risch signed the original Articles of Agreement at the US Department of State in Washington, D. 1 and the Appendix). The International Monetary Fund, or IMF, works to achieve sustainable growth and prosperity for all of its 191 member countries. Photo by Alp Duran via Unsplash. Nearly all countries are members of the IMF, but the United States is the largest cumulative contributor to the IMF at $155 billion and the largest voting bloc—holding effective veto power for […] The Executive Board is responsible for conducting the day-to-day business of the IMF. This decision, backed by a popular vote in Liechtenstein, highlights the nation Country-specific information for 190 countries, including Press Releases, Letters of Intent and IMF disbursements, country repayments, exchange rates, interest rates as well as 1 dollar to yen. Under those obligations, a member must conduct its exchange rate policy and related economic and financial policies in accordance with the Articles, and provide requested economic and At present there are 149 reporters, consisting of the monetary authorities of IMF member countries and non-IMF member countries/economies; and of other foreign exchange reserves holding entities. The authorities have consented to the publication of the Staff Report prepared for this consultation. As the charter of the organization, the Articles lay out the Fund’s purposes, which Jul 31, 2025 · The IMF lends under concessional and non-concessional arrangements or can provide outright loans. The International Monetary Fund (IMF) - Structure The Fund has a Board of Governors, composed of as many governors as there are member states; 24 executive directors; and a managing director and staff. IMF Financial Data Query Tool This page shows cross-country historical financial data, including IMF members’ quota, reserve tranche position, SDR holdings, outstanding credit, projected payments due to the IMF, members’ arrangements and IMF’s borrowings, and monthly historical transactions with the IMF. Leadership: Managing Director (MD): Kristalina Georgieva (as of October 1, 2019). The IMF has a management team and 18 departments that carry out its country, policy, analytical, and technical work. Amid global economic challenges and the international community’s commitment to the Sustainable Development Goals, this demand has increased substantially in recent years. Following the entry into force of the Board Reform Amendment on January 26, 2016, members who have consented to their quota increases can pay their quota increases under the 14th General Review of Quotas. Jan 18, 2022 · The world is changing. Nauru became the newest member in April 2016. IMF AT A GLANCE Current Membership – 183 countries Governing Bodies – Board of Governors, International Monetary and Financial Committee, and Executive Board Managing Director – Horst Köhler, a German national First Deputy Managing Director – Anne O. It has its headquarters in Washington, D. India's relationship with the IMF has been strengthened and is firmly tight because the IMF helps it overcome economic challenges and meet developmental needs. Please refer to the introduction to the WEO's Statistical Appendix for details. The IMF’s organization chart can be found here. Data transparency also strengthens the credibility of a government’s economic management, which facilitates decision-making by market participants and other investors, ultimately helping economies grow. The IMF’s current total resources of about SDR 982 billion translate into a The International Monetary Fund (IMF) and the World Bank share a common goal of raising living standards in their member countries. Subsequent increases in quota subscription become effective upon the member's consent and payment to the IMF of such increases. But it started its operation on March 1, 1947. In considering applications, the Fund’s practice is to satisfy itself that the country is a state that conducts all of its international relations and that the obligations of the Articles will be performed. The IMF’s surveillance program provides continuous monitoring of member countries’ economic and financial policies. Dec 18, 2023 · These Q&As cover questions about the 16th General Quota Review. The International Monetary Fund (IMF) is a global organization of 190 member countries set up to promote the health of the world economy. Discussions with country authorities focus on the impact of their economic policies on stability and growth and the desirable policy measures. Since the 2011 selection round, IMF Governors could also submit nominations. Banks use “petrodollars”—profits of oil-producing countries—to increase lending to developing nations. Prior to 1972, quotas were denominated in U. The Report prepared by IMF staff and completed on August 1, 2025, has been released. Abstract The IMF is governed by a Board of Governors, an Executive Board, and a Managing Director supported by three Deputy Managing Directors. Di Bella issued the following statement: Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chair. The Managing Director is the head of the IMF staff and Chair of the Executive Board. The committee has 24 members (usually ministers of finance or development). dollars. The United States is a founding member of the IMF and the largest financial contributor. Mar 19, 2024 · The IMF, or International Monetary Fund, is an international organization with 190 member countries, aiming to ensure the stability of the international monetary system – the system of exchange rates and international payments that enable nations to transact with each other. At the top of its organizational structure is the Board of Governors. We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored Apr 4, 2024 · International Monetary Fund (IMF): Members: 189, with India as a founding member. As used here, the term also covers some territorial entities that are not states. As the COVID-19 pandemic unfolded, IMF operations moved into a virtual boardroom with the Executive Directors participating from home. Keeping and publishing clear, reliable, and timely data on a country’s economy helps governments make sound economic policy decisions, for which citizens can hold them accountable. Their approaches to achieving this shared goal are complementary: the IMF focuses on macroeconomic and financial stability while the World Bank concentrates on long-term economic development and poverty reduction. They meet each year in conjunction with the World Bank. Mar 7, 2022 · The International Monetary Fund The International Monetary Fund (IMF, the Fund), founded in 1945, is an international organization that works to ensure the stability of the international monetary system. , the IMF works to foster global monetary cooperation, secure financial stability, facilitate fair international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. As a class, you will need to figure out two things: what are the obligations of Newland's new membership and what are the bene-fits Newland will enjoy as a member of the Article VIII Acceptance by IMF Members: Recent Trends and Implications for the Fund Prepared by the Monetary and Financial Systems and Legal Departments The last Article IV Executive Board Consultation was on July 17, 2024. The objective is to The International Monetary Fund (IMF) is an international organization. At present 189 nations are members of the International Monetary Fund. Apr 22, 2025 · Intergovernmental Group of Twenty-Four on International Monetary Affairs and DevelopmentIntergovernmental Group of Twenty-Four on International Monetary Affairs and Development April 22, 2025 How does the IMF support low-income countries? The IMF assists low-income countries (LICs) with financial and other support. IMF takes on role of international crisis manager. Nov 11, 2024 · The IMF is an organization of 190 countries that work to foster global monetary cooperation and economic growth. The IMF is an independent international organization. Oct 23, 2018 · Executive Summary The International Monetary Fund (IMF) was created in the wake of the Great Depression to promote stability in global financial markets. The more that member countries are informed about economic conditions in other countries, the better they can exploit opportunities in international trade and investments. Apr 14, 2025 · A Challenging Imperative: IMF Reform, the 17th Quota Review and Increasing Voice and Representation for Developing Countries Istanbul, Turkey. The International Monetary Fund (IMF) is a global organization of 189 member countries set up to promote the health of the world economy. IMF acknowledges right of members to adopt exchange-rate arrangements of their choice. Chief Economist (2018): Gita Gopinath. Quota and voting shares will change as members pay their quota increases. The prospective member must be a country in control of its own foreign affairs, and it must be willing and able to meet the obliga-tions of membership contained in the IMF's Articles of Agreement—its charter. Two advisory bodies, the International Monetary and Financial Committee and the Development Committee, provide a bridge between the Board of Governors and the Executive Board. S At present there are 149 reporters, consisting of the monetary authorities of IMF member countries and non-IMF member countries/economies; and of other foreign exchange reserves holding entities. On joining the IMF, each country pledges to cooperate with all other member countries in resolving international monetary problems. It also seeks what it terms Sep 30, 1999 · Articles of Agreement The Articles of Agreement are the Fund’s constitution and establish the purposes of the Fund and provide for the activities and powers of the decision-making organs. It works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Headquartered in Washington, D. Executive Directors and Alternates The Executive Board is responsible for conducting the day-to-day business of the IMF. S/he is assisted by four Deputy Managing Directors. As such, SDRs can provide a country with liquidity. The money the IMF loans to its members on its best – or non-concessional – terms comes from member countries, mainly through their payment of quotas. [1] As a founding member, India has played a significant role in shaping the policies and functioning of the IMF over the decades. The IMF is an organization of 189 member countries that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Congress helps shape the U. 25, 2019. The SDR is not a currency, but its value is based on a basket of five currencies—the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. Member Financial DataAbout Research Countries Capacity Development News Events Videos Data Publications Social Media Hub Annual Report Copyright and Usage Privacy Political leaders and officials from around the world shape the work of the IMF through their various forums and bodies. It is an organization in which almost all countries in the world work together to promote the common good. Abstract The countries listed in Schedule A were entitled to become original members under Article II, Section 1, and therefore the Fund would not have been able to reject the acceptance of membership by these countries on the ground that they did not meet the Fund’s criteria for membership. What is the International Monetary Fund (IMF)? The International Monetary Fund (IMF) is an institution of the United Nations that sets standards for the global economy with the aim of strengthening its member countries economically. In this FAQ you will find the Fund's response to COVID-19 in more detail. Apr 8, 2021 · As IMF Managing Director Kristalina Georgieva said during her speech going into the IMF’s 2020 Spring Meetings, the Fund is working 24/7 to support our member countries—with policy advice, technical assistance and financial resources. Abstract The Fund can decide whether or not to admit countries to membership. They were originally accepted by 29 countries and since then have been signed and ratified by a total of 189 Member countries. It carries out its work largely on the basis op papers prepared by the IMF management and staff. It also provides information on the classification of their exchange rate arrangements, operation of foreign exchange markets, restrictions on The International Monetary Fund (IMF) is a global organization of 190 member countries set up to promote the health of the world economy. For specific inquiries, please use the addresses and telephone numbers listed below. All IMF member countries are represented on its Executive Board, which discusses the national, regional, and Jul 31, 2025 · Financial DataTotal IMF Credit Outstanding for all members from 1984 - 2025 Our Mission Development Partners Steering Committee Staff Members News IMF News Newsletter May 12, 2025 · IMF is the principal International Monetary Institution established to promote a cooperative and stable global monetary framework. Jul 31, 2025 · Member Financial DataTotal IMF Credit Outstanding Movement From August 01, 2025 to August 19, 2025 At present there are 149 reporters, consisting of the monetary authorities of IMF member countries and non-IMF member countries/economies; and of other foreign exchange reserves holding entities. Welcome to the IMF data, including databases and platforms that have access to understandable and timely data, transforming lives by making economic and financial data findable, browsable, and usable. International Monetary Fund (IMF) The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. The island adds its name to the list of 188 other IMF member countries. As trade increases, so does employment in both the exporting and importing country. The International Monetary Fund fosters global monetary cooperation, secures financial stability, facilitates international trade, promotes employment and sustainable economic growth, and reduces poverty worldwide. The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 191 member countries. 1 The member countries are the shareholders of the cooperative, providing the capital of the IMF through quota subscriptions (Box 1. The two main issues addressed in a general review of quotas are the size of an overall quota increase and the distribution of the increase among the members. The IMF is an international financial institution funded by 191 member countries, with headquarters in Washington, D. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. When a country borrows from the IMF, the government agrees to adjust its economic policies to overcome the problems that led it to seek financial assistance. This web page provides information on the activities of our office, views of IMF staff, and the relations between West Bank and Gaza and the IMF. Its formation was driven by the need to prevent another Great Depression and the economic chaos that followed World The International Monetary Fund, or IMF, works to achieve sustainable growth and prosperity for all of its 191 member countries. IMF came into operation on 27th December 1945 and is today an international organization that consists of 189 member countries. To become a member of the Bank, under the IBRD Articles of Agreement, a country must first join the International Monetary Fund (IMF). 7 billion (US$960 billion). With the IMF at the center of the coordinated global response to events in international financial markets and the world’s economies, understanding what these groups do and how they work is important. In return, the IMF provides its members with macroeconomic policy advice The above list of key personnel was updated 5–2022. Read the Article The IMF is the world's central organization for international monetary cooperation. Andorra—a microstate situated between France and Spain—joined the IMF at a signing ceremony in Washington, D. By fulfilling its mission and goals, the IMF seeks to create an environment conducive to economic stability and growth for all nations. It is composed of 24 Executive Directors, who are elected by member countries or by groups of countries, and The International Monetary Fund (IMF) is a global organization of 191 member countries set up to promote the health of the world economy. From COVID-19 and climate change to digitalization and diverging demographics, the IMF’s member countries are confronting new challenges. Listed below are items related to United States. The initial quota must be paid within six months of IMF membership. It provides policy advice and financing to its members to promote global monetary cooperation, financial stability, and economic growth. All IMF member countries are represented on its Executive Oct 16, 2020 · 1 A member’s quota in the IMF determines its capital subscription, its voting power, its access to IMF financing, and its allocation of SDRs. The Managing Director is the chief of the IMF’s 2,700 The IMF Governance Structure begins with the IMF Governing Board which sets direction and policies. 2 days ago · The table below shows quota and voting shares for IMF members. , IMF focuses on fostering global monetary cooperation, securing financial stability, facilitating and promoting The International Monetary Fund (IMF) is a global organization of 191 member countries set up to promote the health of the world economy. Capacity Mar 11, 2020 · The Articles of Agreement of the International Monetary Fund were adopted at the United Nations Monetary and Financial Conference (Bretton Woods, New Hampshire) on July 22, 1944. How the IMF Supports the Global Economy: Lending, Policy Advice, and More From Crisis to Stability and Prosperity The IMF’s mission is to promote macroeconomic and financial stability among its 191 member countries. See the chronological list of IMF members and their effective dates of membership since 1945.
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