INTRODUCTION

The International Monetary Fund (IMF) is an international

organization that was created on July 22, 1944 at the Bretton
Woods Conference and came into existence on December 27,
1945 when 29 countries signed the Articles of Agreement. It
originally had 45 members.
The IMF promotes international monetary cooperation and
exchange rate stability, facilitates the balanced growth of
international trade, and provides resources to help members in
balance of payments difficulties or to assist with poverty
reduction.
The IMF describes itself as an organization of 188 countries (as
of April 2012), working to foster global monetary cooperation,
secure financial stability, facilitate international trade, promote
high employment and sustainable economic growth, and reduce
poverty.
Its headquarters are in Washington, D.C.

ADAPTING IMF

Stepping up Crisis Leading

Greater Lending Flexibility
Providing Analysis & Advice
Drawing Lessons From The Crisis
Historic Reform Of Governance

ROLE OF IMF
Country Surveillance
Regional Surveillance
Global Surveillance

WHAT IS GLOBALIZATION
Economic "globalization" is a historical process, the
result of human innovation and technological
progress.
It refers to the increasing integration of economies
around the world, particularly through the movement
of goods, services, and capital across borders
The term "globalization" began to be used more
commonly in the 1980s, reflecting technological
advances that made it easier and quicker to complete
international transactions both trade and financial
flows.

SPECIAL DRAWING RIGHTS(SDR)

The Special Drawing Right (SDR) is an international reserve
asset, created by the IMF in 1969 to supplement the existing
official reserves of member countries.
The SDR is neither a currency, nor a claim on the IMF. Rather,
it is a potential claim on the freely usable currencies of IMF
members. Holders of SDRs can obtain these currencies in
exchange for their SDRs in two ways
1) through the arrangement of voluntary exchanges between
members;
2) by the IMF designating members with strong external
positions to purchase SDRs from members with weak external
positions.
)In addition to its role as a supplementary reserve asset, the SDR
serves as the unit of account of the IMF and some other
international organizations.

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