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Essay / Research Paper Abstract
A 30 page discussion of the influence of the International Monetary fund in Europe, Asia, and Latin America. Extensive case studies are presented of Korea and Argentina in particular with additional emphasis placed on Indonesia. The impact of the IMG is is contrasted with that of agencies like the World Bank as are the successes of these countries and their continuing economic despair. Areas of needed concentration are highlighted. Bibliography lists 25 sources.
Page Count:
30 pages (~225 words per page)
File: AM2_PPimf.rtf
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monetary system and encourages orderly exchange relations among its members by promoting exchange stability (Womens International Network, 1998). The IMF serves as a protective buffer for its member countries
in that it steps in with short-term to medium term credits when those countries experience payment difficulties (Womens International Network, 1998). Special Drawing Rights (SRDs) are allocated by the
IMF to supplement the currency reserves of its members (Womens International Network, 1998). In 1998 there were approximately 215 billion SRDs in allocation (Womens International Network, 1998). Member
countries are required to contribute to the financial resources of the IMF and these resources go to aid those countries in need (Womens International Network, 1998). In 1998 there
were 180 member countries in the IMF (Womens International Network, 1998). Membership in the IMF is composed both of industrial and developing countries (Womens International Network, 1998).
It is impossible to discuss the International Monetary Fund without providing a comparison to other international economic entities. The most mandatory comparison is
with the World Bank, In many ways the structure and function of the International Monetary Fund (IMF) and the World Bank are quite similar. There are several inherent
differences in the two programs, however. While the International Monetary Fund is geared to the concerns of both technologically advanced and developing countries, the World Bank targets just the
problems of the poorer countries. An interesting fact in this regard is that protecting the interests of the poor is often more difficult in developing countries than it is
in already developed countries. In contrast to the IMF which provides only short to medium term credit assistance, the World Bank provides long term financing for development projects.
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