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Recent Legal Developments in the International Monetary Fund

  • Wolfgang Bergthaler
  • Wouter Bossu
Chapter
Part of the European Yearbook of International Economic Law book series (EUROYEAR, volume 1)

Abstract

This article discusses recent legal developments in the International Monetary Fund (“IMF”).1 The IMF is an international financial organization with near universal membership – currently 185 member countries. The IMF’s purpose is to promote international monetary cooperation through a permanent institution which provides the machinery for consultation and collaboration on international monetary problems. The IMF also facilitates the expansion and balanced growth of international trade to contribute thereby to the promotion and maintenance of high levels of employment and real income, promotes exchange stability, and assists in the establishment of a multilateral system of payments. Another important purpose of the IMF is to make financial resources available to its members under adequate safeguards thus providing them with an opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity.2

Keywords

Trust Fund Exchange Rate Policy International Monetary System Payment Problem Basic Vote 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Wolfgang Bergthaler
    • 1
  • Wouter Bossu
  1. 1.IMFWashingtonUSA

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