IMF Fact Sheet:


International Monetary Fund:

Organization of 185 countries working to foster monetary cooperation, secure financial stability, facilitate international trade, promote employment, sustainable economic growth and reduce poverty. Voting power is based on the size in the world economy (the United States has 371,743 votes (16.83 percent of the total), and Palau has 281 votes (0.01 percent of the total). Created after the depression and the war to avoid it happening again

The International Monetary Fund (IMF) was set up in 1944 with the aim of stabilising exchange rates and to build a new global payment system.

  • Provides policy advice and financing to members in economic difficulty
  • Works with developing countries to achieve macroeconomic stability
  • Suports international trade and a stable international exchange rate
  • Helps resolve global economic imbalances
  • Working to cut poverty
  • Monitoring global, regional and country economies
  • Provides research, statistics, forecasts and analysis based on tracking of global, regional, and individual economies and markets
  • Helps countries manage their economies

Current Activities

A country must apply to become a member and be accepted by the existing members A country, when joining, is given a quota depending on it’s relative size in the world economy. All UN members are members of the IMF excluding: Taiwan, North Korea, Cuba, Andorra, Monaco, Liechtenstein, Tuvalu, and Nauru.

Members of the IMF:
Member states shown in green, non member states in grey.

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There has been a huge deal of criticism directed towards the IMF, since the Cold War the IMF have directly supported military regimes that are friendly to the west

"The interests of the IMF represent the big international interests that seem to be established and concentrated in Wall Street."
Che Guevara, Marxist revolutionary, 1959

The IMF also often promote devaluation which can often, in turn create high inflation rates and give rise to situations like the current one in Zimbabwe.
The IMF have also been criticised heavily for involving itself in situations where it has little understanding; after the IMF put sanctions on Kenya, the Goldenberg scandal occurred leaving Kenya worse off than before the IMF intervened.