International Monetary Fund (IMF)Chairs: Sarah Rothstein and Hope Yi (amun2012.imf@gmail.com)
The International Monetary Fund (IMF) is a specialized agency of the United Nations with 187 member countries, but it has its own charter, governing framework, and resources. Each of the 187 member nations is represented through a “quota system” which is based upon the nation’s relative size in the global market economy. The primary objectives of the IMF are to promote global economic cooperation as well as international trade, employment, and exchange rate stability. The IMF maintains these objectives through its surveillance of the health and stability of each member and the provisions of financial resources to member nations in need of aid due to financial and economic distress. The IMF also works closely with other international organizations to promote growth and poverty reduction. |
