Update 1: sor~~ should be "International Monetary Fund"

Who is the composition of its board of directors?

The highest authority of the International Monetary Fund is the board of directors, and each member region is represented by the chairman and vice-chairman, usually the finance minister or the governor of the central bank. The Council meets once a year in September, and each member's voting right is determined according to his contribution to the Fund.

Entrusted by the Board of Directors, the Executive Board exercises the authority of the Board of Directors and handles daily affairs. The association consists of 24 executive directors, who are elected every two years. It has 65,438+0 presidents and 3 vice presidents. The director is elected by the Executive Board for a term of five years and may be re-elected. Eight executive directors were appointed by the United States, Britain, France, Germany, Japan, Russia, China and Saudi Arabia, and the remaining 16 members were elected by the 16 constituency. 1980 after China resumed his seat, he formed a constituency alone and sent an executive director.

What are its decision-making characteristics?

The main role of the International Monetary Fund is the auditor, whose job is to record the trade figures and debts between countries, and to preside over the formulation of international monetary and economic policies.

What is its purpose?

The mission of the International Monetary Fund is to provide assistance to countries in serious economic difficulties. For countries with serious fiscal deficits, the fund may provide financial assistance and even help manage national finances. The recipient countries need to carry out reforms, see Washington.

What is its goal? What's the effect?

The International Monetary Fund was established to stabilize the currencies of various countries and supervise the foreign exchange market. Since the IMF is not a bank, it will not lend. However, the International Monetary Fund has reserves for the country to borrow and stabilize the currency in the short term; The practice is similar to current account overdraft. The borrowed money must be repaid within five years.

Since the late Cold War, the role of Bretton Woods institutions has been controversial. Some critics point out that the fund favors capitalist military personnel who have good relations with European and American companies. Another criticism is that the IMF does not attach importance to democracy, human rights and labor rights. These criticisms have aroused social discussion and promoted the anti-globalization movement. On the contrary, the IMF's ability to promote national democratization is limited, and its purpose is not to do so. Some supporters point out that economic stability is a prerequisite for democracy.

Some economists criticize that the IMF's economic assistance is "conditional": the recipient countries need to implement the economic reforms recommended by the IMF. Economists believe that this will affect the social stability of the country, but it is actually counterproductive.

Generally speaking, the International Monetary Fund and its supporters admire Keynesianism. Therefore, supporters of the supply school usually oppose the International Monetary Fund. The International Monetary Fund advocates currency devaluation, which is criticized by the supply school and will lead to inflation.

Most organizations that oppose economic globalization, such as ATTAC, believe that the IMF's deepening poverty has also increased the debt burden of third world countries and developing countries.

Organizations opposed to the IMF have different positions. For example, the supply school believes that the policy proposed by ATTAC is almost the same as that of the International Monetary Fund in concept.

Argentina is regarded by the International Monetary Fund as a model country adopting the economic policies put forward by the Bretton Woods institutions. However, in 20001year, the country experienced a catastrophic financial crisis, which many people think was caused by the tight budget and privatization of important resource development projects initiated by the IMF. Tight budgets have weakened * *' s ability to maintain infrastructure, welfare and education services. The financial crisis in Argentina deepened the antipathy of South American countries to the IMF, and they accused the IMF of being responsible for the economic problems in South America [2]. Affected by the economic crisis in Argentina, South America is gradually taking the center-left route and trying to get rid of the pressure of commercial enterprises on economic policies.

Another controversial country is Kenya. Kenya's central bank initially controlled the flow of the country's currency, and after the International Monetary Fund provided assistance, it called for the relaxation of monetary policy. After the adjustment, not only did the foreign investment decrease greatly, but with the help of corrupt officials, Kamlesh Manusuklal Damji Pattni lost billions of Kenyan shillings (for the Goldenberg scandal), and Kenya's financial situation was worse than before.

The behavior of the International Monetary Fund (IMF) to mend after the sheep is dead has affected its reputation: usually, when the country is hit hard by the economy, the IMF will lend a helping hand. In fact, the economic problems of these countries are usually the result of decades of mismanagement and are not known to the outside world. Poor management has caused the country to fall into economic difficulties for many years, and the IMF usually provides assistance at this time, so people associate economic collapse with IMF intervention. Criminals are good at diverting attention, using nationalism and people's bad impression of the IMF as scapegoats.

Although the International Monetary Fund was established to help stabilize the global economy, since the 1980s, more than 100 countries have experienced the collapse of their banking systems, resulting in an unprecedented drop in GDP of more than 4%. The IMF's slow response to the crisis and the practice of mending after the sheep is dead have led many economists to propose reforming the IMF.

Although the western society has different opinions about the IMF, the survey of the research center shows that more than 60% of Asians and 70% of Africans believe that the IMF and the World Bank have had a "positive" impact on their countries [3]. , reference: * * * International Monetary Fund (English: International Monetary Fund

The International Monetary Fund (IMF) is "an organization with 65,438+085 member countries, committed to promoting global financial cooperation, strengthening financial stability, promoting international trade, increasing high employment rate, stabilizing economic growth and reducing poverty". At present, only UN member countries (except North Korea, Liechtenstein, Cuba, Andorra, Monaco, Tuvalu, Venezuela and Nauru) have the right to become IMF members, but some regions with territorial disputes (.

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IMF/external/,