Indian Perspectives on International Financial Institution (IFI) Reforms with Special Emphasis on the International Monetary Fund

2010 ◽  
Vol 4 (2) ◽  
pp. 139-155
Author(s):  
A.K. Bhattacharya
Author(s):  
Damian Frankiewicz

A global lender of last resort is an institution that plays a significant role in an international financial system. It was clearly brought into the limelight by the recent financial crisis. The existence of this institution is strongly justified by the volume and volatility of global capital flows, the increasing financial and economic interlinkages between the countries, as well as the consequent possibility of the spill over effects. The article argues that the International Monetary Fund appears to be the only international financial institution capable of acting as a global lender of last resort and thus ensuring stability of the international financial system. The IMF has proven useful in providing liquidity support to countries struggling with financial dificulties in recent years. It is equipped with adequate financial resources, lending facilities tailored to address the specific circumstances of its members, highly qualified staff and the coordination capacities at the international level, which are indispensable to forestall the crisis in the global economy


2006 ◽  
Vol 12 (1) ◽  
pp. 157-170
Author(s):  
Ana Vizjak

During the second half of World War II, when the military victory of the Allies could already be discerned, the leading world economists of the time initiated the creation of a new economic world order. At the highest levels of the allied coalition action was taken to arrange a summit meeting which would endeavour to provide answers to a number of issues relating to creating a new world monetary system. Following numerous contacts, the coalition’s leading figures met in the small town of Bretton Woods, USA. Two strategies of the future economic world order were presented at the meeting, and after tumultuous negotiations, the modified (harmonised) strategy of the world−known economist Keynes was accepted. With the support of all present, the World Bank was established as the most important financial institution, with the aim of monitoring the new financial world order. Also established was a financial organisation called the International Monetary Fund (IMF) as a part of the new system.


The article deals with the peculiarities of the activities of international financial institutions and their relationship with Ukraine in modern conditions. The main goals and directions of the activities of key international financial institutions, such as the International Monetary Fund, the World Bank, are specified. It is noted that in the context of globalization their role and significance grows, because they are supranational regulators that affect financial security of both the individual countries of the world and security of the world financial market as a whole. The main reasons for the emergence of international financial institutions and the basic goals of their activities are systematized. The International Monetary Fund is the main international financial institution, which is the institutional basis of the world monetary and financial system. The IMF assesses the sufficiency of the global financial protection system, provides economic supervision and control over the safe operation of the global monetary and financial system, and should respond to emerging problems and imbalances in a timely manner, providing the necessary funding and technical assistance to countries under the approved arrangements. The analysis of the statistics on loans provided by the IMF within various lending mechanisms, the analysis of the state of the world 's debts to the IMF in the context of its privileged and non – beneficial loans, the peculiarities of the IBRD' s relations with the member countries are analyzed and there are identified current trends in this direction. The key problems and challenges in the work of international financial institutions are formulated and prospective ways of their development are defined, the use of which will promote both optimization of their activities and strengthening the security of the world financial market.


10.26458/1911 ◽  
2019 ◽  
Vol 1 (1) ◽  
pp. 15-20
Author(s):  
Elena Gurgu

2019 begins with worrying prospects regarding certain realities of the world economy.The International Monetary Fund (IMF) announced at the end of January 2019 that it revised downwards the forecasts for world economic developments over the period 2019-2020, given the persistence of trade tensions and rising political risks, AFP reported.As for the second downgrade of estimates announced by the IMF in the last three months of 2018, the international financial institution warns that a slowdown over the expectations of the Chinese economy and a possible Brexit without a deal are the main risks to its estimates, adding that they could aggravate turmoil on financial markets...............


2006 ◽  
Vol 36 (143) ◽  
pp. 177-183
Author(s):  
Naomi Klein

Fitting to its doctrine of preventiv war, the Bush Administration founded a bureau of reconstruction, designing reconstruction plans for countries which are still not destroyed. Reconstruction after war or after a “natural disaster” developed to a profitable branch of capitalist investment. Also the possibilities to change basic political and economic structures are high and they are widely used by the US-government and institutions like the International Monetary Fund.


2021 ◽  
Vol 8 (1) ◽  
pp. 1932283
Author(s):  
Mathias Chukwudi Isiani ◽  
Ngozika Anthonia Obi-Ani ◽  
Paul Obi-Ani ◽  
Chukwudi G. Chidume ◽  
Stella Okoye-Ugwu

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