What is the IMF Article IV?
[1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies.
Is the IMF a government organization?
The International Monetary Fund (IMF) is concerned with global economic growth and security. It is a specialized agency of the United Nations. Surveillance of economic developments on a national, regional, and global scale.
What do you know about IMF?
The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
What is Article IV report?
What does the IMF do in its surveillance activity?
A core responsibility of the IMF is to oversee the international monetary system and monitor the economic and financial policies of its 190 member countries, an activity known as surveillance.
Who controls IMF?
The current managing director (MD) and Chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019….International Monetary Fund.
| IMF Headquarters (Washington, DC) | |
|---|---|
| Membership | 190 countries (189 UN countries and Kosovo) |
| Official language | English |
| Managing Director | Kristalina Georgieva |
How is the IMF biased?
It is now well known that policymaking in the IMF is heavily biased by the political and economic interests of a subset of member states, particularly the United States and several major Western European countries. Consequently, we may think of the IMF as a biased global insurance mechanism.
What is IMF Extended Fund Facility?
The Extended Credit Facility (ECF) provides financial assistance to countries with protracted balance of payments problems.
What is in Article 3 of the Constitution?
Article III of the Constitution establishes and empowers the judicial branch of the national government. Today, we have a three-level federal court system—trial courts, courts of appeals, and the Supreme Court—with about 800 federal judges.
Who oversees the IMF?
The Board of Governors is the highest decision-making body of the IMF. It consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the head of the central bank.