国际金融教程英文版课件.pptVIP

In October 2000, the IMF approved an additional $52 million loan for Kenya to help it cope with the effects of a severe drought, as part of a three-year $193 million loan under the IMFs Poverty Reduction and Growth Facility, a concessional lending program for low-income countries. provides the governments and central banks of its member countries with technical assistance and training in its areas of expertise. For example: Following the collapse of the Soviet Union, the IMF stepped in to help the Baltic states, Russia, and other former Soviet countries set up treasury systems for their central banks as part of the transition from centrally planned to market-based economic systems. As the only international agency whose mandated activities involve active dialogue with virtually every country on economic policies, the IMF is the principal forum for discussing not only national economic policies in a global context, but also issues important to the stability of the international monetary and financial system. These include countries choice of exchange rate arrangements, the avoidance of destabilizing international capital flows, and the design of internationally recognized standards and codes for policies and institutions. IMF Chronology July 1-22, 1944 IMF and World Bank Articles of Agreement are formulated at the International Monetary and Financial Conference, Bretton Woods, New Hampshire, USA. December 27, 1945 Articles of Agreement enter into force upon signature by 29 governments, representing 80 percent of original quotas March 4, 2004 IMF Managing Director Horst K?hler announced his resignation, effective immediately, following his nomination for the position of President of the Federal Republic of Germany. First Deputy Managing Director Anne O. Krueger became Acting Managing Director pending the selection of a new Managing Director by the IMFs Executive Board. quotas IMF QuotasA Factsheet April 2004 Quota subscriptions generate most of the IMFs