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OBJECTIVE OF CREATION
Its statemant was to assist the reconstraction of the world´s internationally payment of the countries after the 2nd World War. -
CREATION
At the Bretton Woods when 29 countries signed the Articles of Agreement. It originaly had 45 members. Now a day it has 188 members -
HOW THEY COLECT MONEY
Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. -
FMI LOGO
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THE NIXON SHOCK
The Bretton Woods system prevailed until 1971, when the U.S. government suspended the convertibility of the dollar (and dollar reserves held by other governments) into gold. This is known as the Nixon Shock -
THE FIRST LOAN
France became the first country to borrow from the IMF. The IMF’s influence in the global economy steadily increased as it accumulated more members -
THE FMI AND THE WORLD BANK
THE FMI AND THE WORLD BANK MADE AN AGREEMENT TO CONTRIBUTE EACH OTHER TO: HELP COUNTRIES TO REMOVE THEIR DEBTS AND TO REDUCE THE LEVEL OF POVERTY. ALSO TO TALK ABOUT THE WORLD ECONOMIC MOMENT -
GREEK, THE FAILURE OF THE IMF
THE GREEK SUBJECT IS A CONTROVERTIAL THEME AT THIS ORGANIZATION, SOME OFFICIALS BELIEVE THEY SHOULDN´T SPEND MORE MONEY TO HELP THEM. OTHERS BELIEVE THAT THEY SHOULD PAY THE DEBT AND REESTRUCTURE THE GREEK ECONOMY, MOST OF THE COUNTRIES FEEL THAT THEY SHOULDN´T SPEND MORE MONEY BECAUSE THEY ARE WASTING THEIR MONEY. -
THE WORLD IS DIVIDED IN 24 GROUPS TO VOTE FORE JUDGES
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THE IMF TOOK AWAY THEIR OFICES IN ARGENTINA
THEY ARE UPSET BECAUSE ARGENTINA CRITICIZES THE REPORT THEY DID IN 2011. ALSO THEY SAID THAT ARGENTINEAN GOVERNMENT DIDN´T CARE ABOUT THE REFORMS THEY PROPOSED. -
THE PLAN OF THE IMF
THE IMF PRESENT A PLAN TO MAKE AN ECONOMIC RESTRUCTURATION. THEY WILL INTENSIFY THEIR RELATIONSHIP WITH THE COUNTRIES AND TELL THE RISK OF THEIR DECISIONS AND THEY ARE TRYING THAT POWERFULL COUNTRIES SPEND MORE TO HELP POOR COUNTRIES. -
BRICS RELATED WITH THE IMF
THE BRICS COMPLAIN THAT THE USA DOESN´T ALLOW THEM TO USE THE BENEFITS OF THE ORGANIZATION. THE LAW THAT WAS SIGN IN 2010 MAY HELP THE EMERGENT COUNTRIES, BUT THE USA COMPLAIN ABOUT. ARGENTINA IS THE ONLY COUNTRY THAT SUPPORTS THE UNITED STATES. -
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WHY COUNTRIES COMPLAIN ABOUT THE IMF
COUNTRIES BELIEVE THAT THE IMF ONLY WORKS AND HELPS AFRICAN COUNTRIES, THEY FEEL THAT THIS ORGANIZATION IS ONLY FOR THEM -
