The International Monetary Fund

Paper Summary:

An analysis of the International Monetary Fund's Role (an international organization of 183 member countries), including an analysis of its successes and failures.

From the Paper:

"The International monetary fund (IMF) is an international organization of 183 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangement; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payment adjustment (IMF) 2001. The success of this mission is partially achieved because of the political, social, cultural, economic infrastructure, and the continuous, fast change and spread of information technology. People in the developed and under-developed countries are exposed to an avalanche of information about the economic growth and prosperity of the developed nation. Poverty, Hunger, substandard living conditions, pollution, and epidemics of AIDS especially in Africa still go very much unnoticed. The recent protest in Washington DC as well as in Seattle and Europe against the World Trade Organization (WTO) testify to the resentment of many against the fund policy and ok the need for change."

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