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FastFacts on the IMF




• Current Membership: 184 countries

• Managing Director: Horst Kohler, a German national

• Staff: approximately 2,680 from 141 countries

• Total Quotas: $299 billion (as of 6/30/03)

• Loans Outstanding: $107 billion to 56 countries, of which 38 are on concessional terms (as of 6/30/03)

http://www.imf.org.


3.2. Международный валютный фонд 117

• Technical Assistance provided: 356 person years during FY2003
Surveillance Consultations concluded: 136 countries during FY2003, of

which 96 voluntarily published their staff reports

Article I of the Articles of Agreement sets out the IMF's main responsibilities:

• promoting international monetary cooperation;

• facilitating the expansion and balanced growth of international trade;

• promoting exchange stability;

• assisting in the establishment of a multilateral system of payments; and

• making its resources available (under adequate safeguards) to members
experiencing balance of payments difficulties.

IMF activities

More generally, the IMF is responsible for ensuring the stability of the international monetary and financial system — the system of interna­tional payments and exchange rates among national currencies that en­ables trade to take place between countries. The Fund seeks to promote economic stability and prevent crises; to help resolve crises when they do occur; and to promote growth and alleviate poverty. It employs three main functions — surveillance, technical assistance, and lending —■ to meet these objectives.

• The IMF works to promote global growth and economic stabil­
ity — and thereby prevent economic crisis—by encouraging countries to
adopt sound economic policies.

Surveillance is the regular dialogue and policy advice that the IMF offers to each of its members. Generally once a year, the Fund conducts in-depth appraisals of each member country's economic situation. It dis­cusses with the country's authorities the policies that are most conducive to stable exchange rates and a growing and prosperous economy. The IMF also combines information from individual consultations to form assessments of global and regional developments and prospects. Its views are published twice each year in the World Economic Outlook and the Global Financial Stability Report.

Technical assistance and training are offered — mostly free of charge — to help member countries strengthen their capacity to design and implement effective policies. Technical assistance is offered in sev­eral areas, including fiscal policy, monetary and exchange rate policies, banking and financial system supervision and regulation, and statistics.

• In the event that member countries do experience difficulties fi­
nancing their balance of payments, the IMF is also a fund that can be
tapped to help in recovery.


118 Глава 3. Международные финансовые организации

Financial assistance is available to give member countries the breathing room they need to correct balance of payments problems. A policy program supported by IMF financing is designed by the national authorities in close cooperation with the IMF, and continued financial support is conditional on effective implementation of this program.

• The IMF is also actively working to reduce poverty in countries around the globe, independently and in collaboration with the World Bank and other organizations.

The IMF provides financial support through its concessional lend­ing facility — the Poverty Reduction and Growth Facility (PRGF) — and through debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative. In most low-income countries, this support is underpinned by Poverty Reduction Strategy Papers (PRSP). These papers are prepared by country authorities — in consultation with civil society and external development partners — to describe a comprehensive economic, struc­tural and social policy framework that is being implemented to promote growth and reduce poverty in the country.




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