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What is imf { November 14 2001 } Original Source Link: (May no longer be active)    http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A27468-2001Nov14¬Found=true http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A27468-2001Nov14¬Found=true What Is the IMF? By Jessica Doyle Belvedere washingtonpost.com Staff Writer Wednesday, November 14, 2001; 12:00 AM The International Monetary Fund’s primary function is to oversee its 183 member countries’ monetary and exchange rate policies. The fund provides short- and mid-term financing to industrial or developing members that are unable to meet their financial obligations, thereby threatening to destabilize the value of their currencies. When the IMF lends money it attaches conditions, often calling for economic and financial reforms. While the IMF states that it has no authority to force reforms upon a nation, critics say the fund abuses its ability to withhold financial assistance in order to compel structural changes. The IMF operates much like a credit union. Member nations pay membership fees to the fund, the size of which is determined by that nation’s GDP, and receive voting and loan rights equivalent to their dues. The fund has at its disposal approximately $200 billion. However, members pay 75 percent of their quotas in domestic money, which has little value outside that country’s borders. Because of this, about half of the amount on the fund’s balance sheet is unusable. © 2001 Washington Post Newsweek Interactive

protests Architect of bush trade picked for worldbank { May 30 2007 } Bank of international settlements switzerland gold Bis established in 1930 under hague agreements { April 5 2004 } Blair helps relieve debt for 18 nations { June 11 2005 } Brazil bailout { August 8 2002 } Bribery culture harming poor nations { September 29 2004 } Colin powell bound for the world bank { April 27 2004 } Congressman ron paul bill sunset bretton woods Euros donated to palestinians through world bank Failures of 20th century { October 8 2000 } Groups protest world banks destructive prototype carbon fund Imf admits some mistakes Imf allows bankruptcy { September 29 2002 } Imf bailout { August 15 2002 } Imf cuts debt clause { January 8 2003 } Imf director endorses tokyo yen intervention { February 25 2004 } Imf dr death { April 17 2000 } Imf forces countires sell off privitize public assets { March 4 2002 } IMF forces ghana to privitize its water Imf grants 495m to turkey Imf hides its gold holdings { July 1999 } Imf policies promoted poverty in argentina Imf puts off debt relief till the next year { October 3 2004 } Imf says dollar overvalued { October 17 2007 } Imf seeks chief as kohler is put up for german presidency Imf severed dollar from other currencies 1976 Imf should end its bankroom deals Imf unveils profound changes { March 2006 } IMF warns risk of permanent oil shock { April 7 2005 } Imf wins new powers to police global economy { March 2006 } India farmers committing suicide { May 19 2004 } Indonesia new world monetary system { May 4 1998 } Israel imf debt { April 11 2003 } Liquidate imf Out of control { May 14 2002 } Protectionism would hamper growth says IMF { April 26 2004 } Spaniard gets us nod as next imf chief { April 23 2004 } US opposes IMF golf selloff for debt relief { February 6 2005 } Us rejects imf warning that debts could affect global economy Venezuela spurns IMF Wallstreet disagrees with argentina loan payoff What is imf { November 14 2001 } What is world bank { November 14 2001 } Wolfensohn attacked green paint [jpg] Wolfensohn gets green paint by protestors { March 17 2004 } Wolfensohn kofi bloomberg bono clinton 70th birthday { December 5 2003 } Wolfensohn will help aid palestinian reforms Wolfowitz cut uzbekistan funds after airbase row { April 13 2007 } Wolfowitz no longer in world bank race Wolfowitz reverses debt relief plan for congo { April 12 2007 } World bank arm invests in china loan sector { February 24 2004 } World bank free markets causing hunger in niger { August 11 2005 } World bank join wto World bank project in uruguay causes uproar in argentina { April 18 2006 } World bank urges private investment { September 28 2004 } Worldbank forced african farmers subsidized goods { December 9 2007 } Worldbank future Files Listed: 57

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