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General Essay -The International Monetary Fund: An Overview

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General Essay -The International Monetary Fund: An Overview

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The International Monetary Fund_ an Overview (1).pdf

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The Bretton Woods era was ushered in by meeting of 45 countries at a conference in Bretton Woods New Hampshire in 1944. The goal of the meeting was to ensure the long-term stability of world trade and the world economy. Two major organizations created at this conference were the World Bank and the International Monetary Fund (IMF).
Date of Picture: 1944

http://www.centerforfinancialstability.org/brettonwoods_images.php

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Below displayed graphichically is IMF lending in a Bretton Woods System era, and  in post Bretton Woods era. Lending to industrialized nations dropped dramatically after the fall of the Bretton Woods System, and lending to developing nations increased dramatically.
http://archive.treasury.gov.au/documents/710/HTML/docshell.asp?URL=04.asp#P40_7473

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The graph shown below displays the decline in World Trade in a post depression era. Countries bordered themselves up and did not trade with others in the hope of upstarting their own economies. The goal of the Bretton Woods Conference  and the organizations it created was to help revitalize world trade. Today the IMF  still helps make sure that world trade and the world economy stays vibrant.
http://www.imf.org/external/about/histcoop.htm

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This pie chart displays the contents of the SDR basket. SDR (Special Drawing Rights) is the way the IMF designates lending value. The contents of the SDR basket try to reflect the significant currencies in the world's economy.

https://www.gfmag.com/magazine/november-2016/sun-rises-east

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Christine Lagarde is the Managing Director of the International Monetary Fund. She was appointed in 2011 as a replacement for former Managing Director, Dominique Strauss Kahn who resigned amidst scandal.
Date of Picture: April 20th 2017
https://www.cnbc.com/2017/06/23/imf-christine-lagarde-still-a-glass-ceiling-and-its-not-going-away.html

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Below is a fire that was started during the protests in May of 2010 in Greece. People rioted in response to extreme austerity measures instituted to comply with IMF requirements.
Date of Picture: May 1, 2010
https://www.theguardian.com/world/gallery/2010/may/01/greek-protesters-riot-athens

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The 2017 Board of Governors meeting convened in Washington DC. There are currently 189 member countries in the IMF, and each has representatives attend the meeting.
Date of Picture: 2017
http://www.nationalbanken.dk/en/about_danmarks_nationalbank/international_cooperation/Pages/IMF.aspx

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The  below political cartoons depict the sometimes negative effects of the International Monetary Fund’s lending on economies. Rather than upstart an economy the IMF sometimes drags it down, and prevents it from rebuilding. This was the case during Greece's financial crisis.
https://www.ashigbey.com/2014/08/02/imf-in-cartoons/
http://www.teamofmonkeys.com/html/maze-cartoon-152-economy-greece.html

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This is the headquarters of the International Monetary Fund. It is located at 700 19th Street in Northwest Washington DC.
Date of Picture: 2017
https://www.hrw.org/news/2018/04/24/new-imf-anti-corruption-blueprint-holds-promise

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This GIF displays the percentage of debt of each country as compared to its GDP. There is data collected from 1980-2023. Often a country's debt is what causes the country to seek IMF intervention and withdraw a loan.
http://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/OEMDC/ADVEC/WEOWORLD