Question

please explain and evaluate the IMF from the perspective of ONE of the theoretical schools of thought in Latin America. In your analysis, be sure to clearly identify the basic elements of your theoretical school and to focus on the evidence appropriate to that school. You may focus your analysis, within these constraints, as you see fit.

Hints and Suggestions

1. What theoretical perspective/model are you applying to your analysis? Why is this model appropriate?
2. What are the central assumptions and relevant independent variables that underpin your analysis?
3. How do you explain (not simply describe) the purpose and function of the IMF?

Answer 1

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C ,consisting of 189 countries working to foster global monetary cooperation ,secure financial stability ,facilitate international trade promote high employment and sustainable economic growth , and reduce poverty.In response the financial crisis the IMF is working with members, the Financial Stability Board , and other organizations to fill data gaps important for global stability.The IMF helps countries strengthen their capacity to design important sound economic policies.

The main Highlights of IMF is as follows:

1) Sustainable Development Goals

2) IMF Giving Together

3) IMF Accountability

4)Civil Society and the IMF

5) IMF Consultations with Stakeholders

6) IMF and the Group of Twenty

7) Fiscal issues at the IMF

8)Low Income Countries

The IMF's financial resources are generated through IMF member country quotas , or subscriptions , that are based broadly on the size of each countries economy . The Unites States is the biggest contributor with a 17.09 percent stake worth roughly $ 54 billion.The main objectives of IMF is that it helps the member countries to achieve the balanced economic growth.It facilitate the expansion of balanced growth by the promotion and maintenance of high level employment as the primary objective of economic policy.For this purpose , IMF helps to exploit natural resources and to put into productive channel.