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International Monetary Fund

International organisation

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International Monetary Fund: International organisation
The International Monetary Fund (IMF), also known as the Fund, is an international organization headquartered in Washington, D.C., consisting of 189 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. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.


Ukraine president submits law criminalizing illicit enrichment

Ukraine's president has submitted a draft law to parliament criminalizing illicit enrichment by officials, a condition for receiving support from the International Monetary Fund, the parliament website..
Reuters - Published

Lagarde resigns as IMF chief, starting race for her successor

International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as..
Reuters - Published

Videos for International Monetary Fund

IMF race: European candidates [Video]IMF race: European candidates

The governor of the Bank of England, Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the International Monetary Fund.

Credit: euronews (in English)     Duration: 01:40Published

Macron puts forward IMF's Lagarde as next ECB chief [Video]Macron puts forward IMF's Lagarde as next ECB chief

A furious day of talks in Brussels has seen IMF chief Christine Lagarde put forward by France to head the European Central Bank. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:00Published


Lagarde resigns as IMF chief, cites more clarity on ECB post

International Monetary Fund chief Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next head..
Reuters - Published

Christine Lagarde resigns as head of IMF

The news comes hours before a vote on Ms Lagarde's nomination to become head of the European Central Bank.
BBC News - Published

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