Institute of productivity (eb)

Institute of productivity (eb)

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  INSTITUTE OF PRODUCTIVITY& MANAGEMENT
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  GROUP NO: 3MEMBERSBHARATBHOOSAN
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  ASHWINI KUMAR
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  BIBEK BISWAS
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  BABIT CHUHANINTRODUCTIONThe IMFworks to foster global growth and economic stability.
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  IMF is aforum of national economic policies, international monetary and financial systems.
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  IMF is akind of association.
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  IMF is anadministrative unit and is international in nature. HISTORY OF IMF The IMF Was created in 1944, at Bretton Woods.
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  The IMF wasformally organized on December 27, 1945.
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  IMF started tomake service with IBRD in 1947.
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  The IMF wascreated to support orderly international currency exchanges.ABOUT IMFIMF headquarters is in Washington D.C.
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  U.S.A Fivelargest shareholders are
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  Total quotas of$312 billion; outstanding loans of $71 billion to 82 countries.
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  The (IMF) isan organization of 187 countries. OBJECTIVES OF IMFSurveillanceFinancial assistanceSDRsTechnical assistance ResourcesGoverence and organization
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  PURPOSE OF IMFTopromote international monetary cooperation .
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  The expansionand balanced growth of international trade.
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  IMF promote exchangerate stability .
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  Foster economic growthand high levels of employment.
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  IMF canmake the price of foreign money to be safe. INDIA & IMF India and the IMF has a positive relationship.
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  The IMF praisedthe country for it was able to avoid the Asian Financial Crisis in 1999.
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  The ManagingDirector of IMF Rodrigo De Rato visited India in May 2005.
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  The IMF hassuggested that India can become a financial super power.FUNCTION OF IMFSurveillance (like a doctor) Gathering data and assessing economic policies of countries.
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  Technical Assistance (likea teacher) Strengthening human skills and institutional capacity of countries.
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  Financial Assistance(like a banker) Lending to countries to support reforms (IMF) Structure
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  IMF STRUCTURE
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  ROLE OF IMFFocusingon its core macroeconomic and financial areas of responsibility.
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  Collection andallocation of reserves.
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  Rendering advice tomember countries.
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  Promoting research invarious areas of international economics and monetary economics.
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  Providing a forumfor discussion and consultation among member countries.MEMBERS OF IMF
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  IMF’s VIDEO
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  GROWTH IN IMFMEMBERSHIP(1945-2003) In the beginning 29 member countries Today, 187 member countries.
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    Staff ofabout 2680 persons.  
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  Two-thirds are economistsin 139 countries.CONCLUSIONThe IMF works to foster global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.