International Monetary Fund
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The International Monetary Fund (IMF) and the World Bank are two supranational institutions with mandates to help resolve economic crises and to foster economic development. From their creation in 1945 with a membership of 45 countries, these institutions have grown to over 180 member countries; but they have the same clients, provide a similar service - conditional loans, and are subject to similar criticisms regarding adherence to what has been labeled as the Washington consensus. The objectives of this paper are to (i) review relevant research regarding the debate of whether the Bretton Woods institutions are part of the problem or part of the solution; (ii) evaluate the debate employing a political economy perspective; and (iii) assess recent reforms at both institutions as the worl...
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For much of 2008, the International Monetary Fund (IMF) looked moribund. The Fund's only loans outstanding were costly ones to low-income countries (L...
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OLIVIER BLANCHARD, ECONOMIC COUNSELLOR AND DIRECTOR OF THE RESEARCH DEPARTMENT, HOLDS A BRIEFING ON THE INTERNATIONAL MONETARY FUND'S WORLD ...
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THE INTERNATIONAL MONETARY FUND HOLDS A NEWS CONFERENCE ON THE WORLD ECONOMIC OUTLOOK
OCTOBER 2, 2008
SPEAKERS: CHARLES COLLYNS, ...
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The International Monetary Fund, widely known as the IMF, is an international cooperative institution headquartered in Washington, D....
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THE IMF HOLDS A NEWS CONFERENCE ON THE WORLD ECONOMIC OUTLOOK
SEPTEMBER 21, 2005
SPEAKERS: RAGHURAM RAJAN, ECONOMIC COUNSELOR,...
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As the price of oil continues its climb, a potential catastrophe looms on the horizon. While the countless effects of surging oil prices have been discussed at length, one possibility has received far less attention -- the revival of International Monetary Fund (IMF) Article VIII(2)(b) as a defense to financing contracts. If the recent surge in oil price accelerates, countries may be forced to adopt new monetary policies to protect their own faltering currencies. Article VIII(2)(b) completely bars the enforcement of an illegal exchange contract in any IMF member state. This note attempts to show how this diminutive IMF article, if not treated with its deserved respect, has the potential to destroy financing contracts, especially in these times of global economic uncertainty. An IMF amen...
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The International Monetary Fund was established to foster international trade and currency conversion, which it does through consult...
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WASHINGTON, Dec. 5, 2011 /PRNewswire/ -- The European Institute presented today its highest recognition, the Transatlantic Leadership Award, to Christine Lagarde, Managing Director of the International Monetary Fund and to Dr. Elias Zerhouni, President of Global R&D, Sanofi and former director of the U.S. National Institutes of Health, at the annual Ambassadors Gala Dinner in Washington, D.C.
As the leading Washington-based, public-policy organization devoted solely to transatlantic affairs, The European Institute has pursued a goal of maintaining and renewing U.S.-European relations to respond to new challenges. The Transatlantic Leadership Award recognizes leaders who have demonstrated uncommon commitment to the renewal of the transatlantic relationship.