IMF Presentation

Dr. Mohamed Hesham Mansour Mohamed Eisa International Marketing George Demian Enas Fawzy Presented By : Wael Ahmed Waleed Abd El-Shafy Amr Alaa Mohamed Ali

IMF Presentation

IMF Highlights

- The International Monetary Fund Organization (IMF) was established more than 60 years ago right after the second world war .

- The number of members are 187 countries .

- The IMF Headquarter is located in Washington DC

IMF Presentation

IMF Original Aims :

- The founders aimed to build a framework for economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s and the global conflict that followed .

IMF Presentation

IMF Objectives :

- provide a forum for cooperation on international monetary problems .

- facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction .

- promote exchange rate stability and an open system of international payments .

- lend countries foreign exchange when needed.

IMF Presentation

IMF Activities :

- policy advice to governments and central banks based on analysis of economic trends and cross-country experiences .

- research, statistics, forecasts, and analysis based on tracking of global, regional, and individual economies and markets .

- loans to help countries overcome economic

difficulties .

IMF Presentation

IMF Activities :

- Surveillance , On a regular basis , usually once each year , the IMF conducts in depth appraisals of each member country's economic situation

- technical assistance and training to help countries improve the management of their economies.

IMF Presentation

IMF Structure : - The IMF has a management team and

17 departments that carry out its country, policy, analytical, and technical work.

- One department is charged with managing the IMF's resources.

IMF Presentation

IMF Current Management Team :

- Dominique Strauss-Kahn, a French national, became the

IMF's tenth Managing Director in November 2007. Previously, he was the Finance Minister of France during 1997-99. - John Lipsky, an American, has been First Deputy Managing Director since September 2006. Before coming to the IMF, he worked for JPMorgan Investment Bank.

IMF Presentation

IMF Current Management Team :

- Murilo Portugal, from Brazil, became Deputy Managing

Director of the IMF in December 2006. From 2005 to 2006, he was Brazil's Deputy Minister of Finance.

- Naoyuki Shinohara, a Japanese national, joined the

IMF as Deputy Managing Director in March 2010. Previously, he was Japan's Vice-Minister of Finance for International Affairs.

IMF Presentation

Joining the IMF membership : - To become a member, a country must

apply and then be accepted by a majority of the existing members .

- Upon joining, each member of the IMF is assigned a quota , based broadly on its relative size in the world economy .

- 25% from the quota must be paid to the IMF with SDR’s or with the one of the four main currencies ( $ , € , £ or ¥ ) .

IMF Presentation

Joining the IMF membership : - SDR’s ( Special drawing rights ) , is the

currency of the IMF , it was created in 1970 , also called paper gold but it’s neither Paper nor gold , it’s an accounting entry to coincide the members currencies with USD as the principle currency .

- The other 75% from the quota could be paid to

the IMF with the local currency of the members .

IMF Presentation

Voting Power : - The quota largely determines a

member's voting power in IMF decisions.

- Each IMF member has 250 basic votes plus one additional vote for each SDR 100,000 of quota.

- The biggest Percent of votes goes to USA nearly 16.7% from the total voting power of all members.

IMF Presentation

Differences between IMF and World bank :

- IMF is basically concerned with macroeconomic and financial sector issues .

- World bank is concerned mainly with longer-term development and poverty reduction .

- IMF and World bank are complementing each other's work .

- Countries must join the IMF to be eligible for World Bank membership.

IMF Presentation

Thank You