2. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development .
9. <ul><li>To strengthen the economies of member countries by making fund's resources available to them. </li></ul><ul><li>To promote exchange stability and to facilitate the expansion and balanced growth of International trade. </li></ul><ul><li>To lessen the chances of disequilibrium in the international BOP(balance of payment) of member countries. </li></ul><ul><li>To reduce the poverty in member countries and to promote high employment by facilitating sustainable economic growth. </li></ul>
13. Advisory role
16. <ul><li>Monetary and Capital Markets Department : Monitors financial sectors and capital markets, and arrangements, and operations. Prepares the GLOBAL FINANCIAL STABILITY REPORT . </li></ul><ul><li>Legal Department. Advises management, the Executive Board, and the staff on the applicable rules of law. Prepares decisions and other legal instruments and provides technical assistance to member countries. </li></ul>
17. Research Department : Monitors the global economy and the economies and policies of member countries and undertakes research on issues relevant to the IMF. Prepares the World Economic Outlook .
22. <ul><li>When a country joins the IMF, it agrees to subject its economic and financial policies to the FUND. </li></ul><ul><li>It makes commitment to pursue policies that are </li></ul><ul><li>Conducive to economic growth. </li></ul><ul><li>Ensures reasonable price stability. </li></ul><ul><li>It also agrees to provide data about its economy to IMF. </li></ul>
24. <ul><li>The changing nature of lending </li></ul><ul><li>Conditions for lending </li></ul><ul><li>State of economic crisis. </li></ul><ul><li>International reserves depleted. </li></ul><ul><li>Economic activity stagnant or falling. </li></ul><ul><li>Large number of firms going bankrupt. </li></ul>
25. Research and data : Supporting all three of these activities is the IMF's economic and financial research and statistics.
36. <ul><li>The IMF's SDR Department keeps records of members' SDR allocations and holdings; the SDR Department is also the channel through which all transactions and operations involving SDRs are conducted. </li></ul><ul><li>Once allocated, members can hold their SDRs as part of their international reserves or sell part or all of their SDR allocations. </li></ul>
37. <ul><li>IMF members can also use SDRs in operations and transactions involving the IMF, such as the payment of interest and repayment of loans, or payment for future quota increases. </li></ul>