InternationalMonetaryFund国际货币基金组织.ppt

1、InternationalMonetaryFund国际货币基金组织 Introduction Reinforcing international cooperation Ensuring sufficient resources The history of international monetary fund The activities of-The aims An adaption The tools How to be one member of IMFIntroduction A latest news：world leaders launch action plan to com

2、bat financial crisis on November 15,2008 The aims is at resolving the global financial crisis and supporting the IMFs capacity to contribute to these efforts Managing Director Strauss-Kahn said:1)The emphasis on fiscal stimulus is essential to restore global growth2)The declaration recognizes that s

3、ome countries have more room for maneuver than others3)The global stimulus needs to be large,in the order of 2 percent of world GDP,to make a sizeable difference to global growth prospectsReinforcing international cooperation Strauss-Kahn noted G-20s endorsement of strengthening the IMFs mandate in

4、the areas of macroeconomic surveillance，lending to member countries in need，and providing assistance to build up capacity in emerging market and developing countries Its role in reform of financial markets is based on its responsibility for surveillance of the global financial systemEnsuring suffici

5、ent resourcesThe sufficient resources can help to overcome crisis.It has acted to help emerging markets caught up in the crisis-loans for Hungary and Ukraine-agreement in principle with Pakistan-a loan for IcelandThe history(5 period)1)Cooperation and reconstruction(1994-1917)2)The end of the Bretto

6、n Woods System(1972-1981)3)Debt and painful reforms(1982-1989)4)The end of communism(1989-2004)5)Continued glolalization(2005-present)1)Cooperation and reconstruction(1994-1917)-found reason:breakdown in international monetary cooperation-it was conceived in July 1944-it came into formal existence i

7、n December 1945-its membership began to expand in the late 1950s and during the 1960s2)The end of the Bretton Woods System(1972-1981)-by early 1960s,dollars fixed value,under the Bretton Woods system of fixed exchange rates-the system collapse,the members have been free to choose any form of exchang

8、e arrangement 3)Debt and painful reforms(1982-1989)-the oil shocks of the 1970s-during 1970s,expansionary fiscal policies and overvalued exchange rates-crisis broke out in Mexico in 19824)The end of communism(1989-2004)-the fall of Berlin wall in 1989 and the dissolution of the Soviet Union in1991 e

9、nabled it to be a universal institution-its staff expanded by near 30 percent5)Continued glolalization(2005-present)-the sharp rise in private international capital flows-globalization affects countries labor,trade,and tax policies The 5 activities Policy advice to governments and central banks base

10、d on analysis of economic trends and cross-country experience Research,statistics,forecasts,and analysis based on tracking of global，regional，and individual economies and markets Loans to help countries overcome economic difficulties Confessional loan to fight poverty in developing countries Technic

11、al assistance and training to help countries improve the management of their economiesThe aims The major discipline is the requirement that exchange rates be fixed to the dollar The IMFs main goal is to ensure the stability of the international monetary and financial system The founders aimed to bui

12、ld a framework for economic cooperation that would avoid a repetition of the disastrous economic policiesWhat are Fund that continue to do？Provide a forum for cooperation on international monetary problems Facilitate the growth of international trade，thus promoting job creation，economic growth and p

13、overty reduction Promote exchange rate stability and an open system of international payment Lend countries foreign exchange when needed，on temporary basis and under adequate safeguards，to help them address balance of payment problemsSeveral ways of an adapting Enhancing International Monetary Fund

14、lending facilities Strengthening the monitoring of global，regional，and country economies Helping resolve global economic imbalance Analyzing capital market development:Assessing financial sector vulnerabilities Working to cut poverty Improving IMF governance Greater accountability and transparencyTh

15、e tools Three main tools:1)economic surveillance-monitor global,regional,and national economic development;seek to assess the impact of the economic policies of individual countries on other economies 2)technical assistance and training-aim to help member countries strengthen their capacity to desig

16、n and implement effective policies-four areas:a.monetary and financial policies b.fiscal policy and management c.statistics d.ask for technical assistance in work section 3)lending-it can be tapped to facilitate recovery-continued financial support-the members can borrow gold and foreign currencies

17、from Fund-it provide low-income counties with loans at a confessional rateHow to be a member?To become a member,a country must apply and then be accepted by a majority of the existing members;upon joining,they are assigned a quota which delineates several basic aspects Collaborating with others Coop

18、erating with other international organizationsBasic aspects Subscriptions:it determines the maximum amount of financial resources the member is obliged to provide to the International Monetary Fund.Voting power:Each member has 250 basic vote plus one additional vote for each SDR(Special Drawing Righ

19、ts特别提款权)100,000 of quota.Access to financing（融资渠道）SDR allocations（特别提款权配额）:it used as an international reserve asset.Collaborating with others Collaboration with the World Bank Relation:-Differ from each,but complement each others work-IMF focus on macroeconomic and financial sector issues,the World

20、 Bank focus on long-term development and poverty reduction.-Countries must join International Monetary first then them are eligible for World Bank membership.Collaboration sector:-poverty reduction and helping countries draw up poverty reduction strategies-assessments of member countries financial s

21、ector-development of standards and codes-improvement of the quality,availability,and coverage of data on eternal debtCooperating with other International Organizations It is a member of the Switzerland-based Financial Stability Forum It work with standards-setting bodies It collaborates with World Trade Organization:-it has observer status -its staff work for the WTO(trade,debt,finance)