International Monetary Fund: the organization that industrialized nations have established to reduce trade barriers and stabilize currencies, especially those of less industrialized nations
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Professors Calomiris and Meltzer have proposed sweeping changes in the IMF and, indeed, in the international monetary system ("Fixing the IMF", Summer 1999). Before commenting on these changes, and to illustrate the complexity of implementing their suggestions, I had occasion recently to discuss with a U.S. Treasury official a very...
The International Monetary Fund IMF has come under fire from many quarters for its handling of Asia's financial crisis. Asia analysts have become increasingly critical of the Fund's traditional prescriptions for solving economic crises. This month's IMF meetings in Washington did little to persuade many Asian commentators that the right...
Before the International Monetary Fund IMF underestimated the cost of bailing out Indonesia, it had been taking the right steps in exterminating the Asian bug that has stung so many economies in the region. But now that the United States is being asked to contribute more to the IMF ($18...
The future role of the International Monetary Fund IMF is today in doubt. Former Treasury Secretaries George Shultz and William Simon have urged that it be closed. President Clinton wants the IMF to devote more attention to preventing crises rather than responding to them. Even the IMF criticized its own...
Argentina's economy chief and top IMF officials had a "very constructive" discussion during a closed-door session on plans to restructure the country's huge debt, a senior IMF official said.
The IMF, same as the other international financial institutions, like to preach good governance, rule of law, uniformity of treatment, respecting the voice of weaker members and consensus building to developing countries. But, gauging from what the IMF has done to Zimbabwe in its years of difficulty, the Bretton Woods...
WASHINGTON, March 8 Kyodo The International Monetary Fund IMF said Monday it has struck a deal with Brazil on a revised economic reform program, paving the way for the IMF to disburse 4.9 billion dollars in additional funding to the country. The revised program for 1999 to 2001 proposed by...
The purpose of this paper is to examine the governmental and market mechanisms that are being developed in the world financial community as ways to complement and substitute for the gap created by IMF deficiencies. This review has two objectives in mind. The first amounts to a stock-taking: an assessment...
ITEM: The International Monetary Fund IMF has agreed to let Colombia increase "its budget shortfall following the defeat of a [sic] austerity referendum," reported the BBC for November 14. "Plans by the government of President Alvaro Uribe to raise taxes sharply were 'appropriate,' the IMF said. The IMF also agreed...
What is the International Monetary Fund IMF? It is a cooperative institution that 182 countries have voluntarily joined. Countries join the IMF to maintain a stable system of buying and selling their currencies, so that payments in foreign money can take place smoothly among countries. The IMF lends money to...
WASHINGTON, Nov. 16 Kyodo The International Monetary Fund IMF wants to exchange a letter of intent with the Indonesian government by the end of December for the resumption of its loans to the country, an IMF official said Tuesday.
As the IMF and World Bank keep moving the goal posts on Zambia's eligibility for further debt relief, the London-based newsletter, Bretton Woods Update, has published this eye-opening report on the extent of Zambia's predicament living under the grip of IMF conditions.
WASHINGTON, Oct. 13 Kyodo The International Monetary Fund IMF will evaluate the nature of the new government in Pakistan before further providing loans to the country, IMF External Relations Director Thomas Dawson said Wednesday.
It is not just anti-globalisation protesters who are wondering whether the IMF knows what it is doing It is not just anti-globalisation protesters who are wondering whether the IMF knows what it is doing
BANGKOK, Jan. 22 Kyodo The International Monetary Fund IMF insisted Friday its strong recommendation to Thailand for financial system structural reform is correct. An IMF official, however, admitted some mistakes in the fund's handling of the Asian financial crisis. ''We have to modify the package, the program but...we would not...
THE INTERNATIONAL MONETARY FUND IMF, a multilateral lending institution, said Brazil declined to draw down US$1.30 billion from a $40 billion credit facility. The IMF said the decision reflects Brazil's exit strategy from IMF support.
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