The International Monetary Fund (IMF) aims to eliminate exchange controls, ensure stability of exchange rates, and develop multilateral trade and payments. In 1995, the IMF began the General Data Dissemination System (GDDS) and Special Data Dissemination Standard (SDDS) to guide member countries on disseminating economic data. The IMF provides funding through facilities like Stand-By Arrangements (12-18 months) and Extended Fund Facility (3 years) to address short and medium-term balance of payments difficulties. The IMF's strategies to influence globalization include engaging national affiliates, regional activities, and world level activities.
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The International Monetary Fund (IMF) aims to eliminate exchange controls, ensure stability of exchange rates, and develop multilateral trade and payments. In 1995, the IMF began the General Data Dissemination System (GDDS) and Special Data Dissemination Standard (SDDS) to guide member countries on disseminating economic data. The IMF provides funding through facilities like Stand-By Arrangements (12-18 months) and Extended Fund Facility (3 years) to address short and medium-term balance of payments difficulties. The IMF's strategies to influence globalization include engaging national affiliates, regional activities, and world level activities.
The International Monetary Fund (IMF) aims to eliminate exchange controls, ensure stability of exchange rates, and develop multilateral trade and payments. In 1995, the IMF began the General Data Dissemination System (GDDS) and Special Data Dissemination Standard (SDDS) to guide member countries on disseminating economic data. The IMF provides funding through facilities like Stand-By Arrangements (12-18 months) and Extended Fund Facility (3 years) to address short and medium-term balance of payments difficulties. The IMF's strategies to influence globalization include engaging national affiliates, regional activities, and world level activities.
Copyright:
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Download as PPT, PDF, TXT or read online from Scribd
The International Monetary Fund (IMF) aims to eliminate exchange controls, ensure stability of exchange rates, and develop multilateral trade and payments. In 1995, the IMF began the General Data Dissemination System (GDDS) and Special Data Dissemination Standard (SDDS) to guide member countries on disseminating economic data. The IMF provides funding through facilities like Stand-By Arrangements (12-18 months) and Extended Fund Facility (3 years) to address short and medium-term balance of payments difficulties. The IMF's strategies to influence globalization include engaging national affiliates, regional activities, and world level activities.
Copyright:
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Ensuring reasonable stability of exchange rate. Develop multilateral trade and payments. Working of IMF 1.General Data Dissemination System (GDDS)
2. Special Data Dissemination Standard (SDDS).
Working of IMF In 1995, the International Monetary Fund began work on data dissemination standards with the view of guiding IMF member countries to disseminate their economic and financial data to the public. The International Monetary and Financial Committee (IMFC) endorsed the guidelines for the dissemination standards and they were split into two tiers: The General Data Dissemination System (GDDS) and the Special Data Dissemination Standard (SDDS). Funding Facilities of IMF IMF Financial Policies
Reserve Tranche Policies
Credit Tranche Policies
Policy on Emergency Assistance
Debt and Debt-Service Reduction Policies
Regular IMF Facilities Stand-by arrangements (SBA): designed to provide short-term balance of payments assistance for deficits of a temporary or cyclical nature, such arrangements are typically for 12 to 18 months. Drawings are phased on a quarterly basis, with their release made conditional on meeting performance criteria and the completion of periodic program reviews. Repurchases are made 3¼ to 5 years after each purchase.
Extended Fund Facility (EFF): designed to support medium-term programs that
generally run for three years, the EFF aims at overcoming balance of payments difficulties stemming from macroeconomic and structural problems. Performance criteria are applied, similar to those in stand-by arrangements, and repurchases are made in 4½ to 10 years. IMF Strategies 1. Globalisation 2. The factors and institutions we must influence Technology Transnational capital Global institutions of governance National and Regional Governance Social movements and organizations 3. Strategies and tactics for implementation National Affiliates Regional Activities World Level Activities