Global Final

8/8/2019 Global Final

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Rivera, Benedicto Gerard GonzalesJB Rivera


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It is an organization of 187 countries,

working to foster global monetary

cooperation, secure financial stability,

facilitate international trade, promote

high employment and sustainable

economic growth, and reduce povertyaround the world.


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OVERVIEW RESOURCES

ROLES ISSUES


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The IMF works to foster global growth

and economic stability. It provides policyadvice and financing to members in economic

difficulties and also works with developing nations

to help them achieve macroeconomic stability and

reduce poverty.


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KEY IMF Activities provide

policy advice to governments and central banks

research, statistics, forecasts, and analysis

loans

concessional loans

technical assistance and training


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IMF's main purpose - to provide the global public

good of financial stability . Specifically, the IMF

continues to:

provide a forum for cooperation on international monetaryproblems

facilitate the growth of international trade

promote exchange rate stability and an open system ofinternational payments

lend countries foreign exchange when neededHOME


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The IMF's fundamental mission is to help

ensure stability in the international

system. It does so in three ways: keeping trackof the global economy and the economies of

member countries; lending to countries with

balance of payments difficulties; and givingpractical help to members.


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1. SURVEILLANCE

The regular monitoring of economies and

associated provision of policy advice to identify

weaknesses that are causing or could lead to

financial or economic instability.


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1.1 COUNTRY SURVEILLANCE

An ongoing process that culminates inregular comprehensive consultations with

individual member countries, with discussions in

between as needed.


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1.2 REGIONAL SURVEILLANCE

It involves examination by the IMF ofpolicies pursued under currency unions

including the euro area, the West African

Economic and Monetary Union, the Central

African Economic and Monetary Community, andthe Eastern Caribbean Currency Union.


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1.3 GLOBAL SURVEILLANCE

It entails reviews by the IMF's ExecutiveBoard of global economic trends and

developments.


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2. TECHNICAL ASSISTANCE

The IMF provides technical assistance andtraining mainly in four areas:

monetary and financial policies

fiscal policy and management compilation, management, dissemination, and

improvement of statistical data

economic and financial legislation.


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3. LENDING

IMF loans are meant to help member

countries tackle balance of payments problems,

stabilize their economies, and restore sustainable

economic growth.


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MAIN PURPOSES OF LENDING

smooth adjustment to various shocks

help unlock other financing

help prevent crisis

HOME


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The IMF's resources come mainly from the

money that countries pay as their capital

subscription when they become members.

Quotas reflect the size of each member'seconomy: the larger a country's economy in terms

of output and the larger and more variable itstrade, the larger its quota tends to be.

HOME


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Emergency lending to emerging markets

Since 2008, the IMF has committed more

than $160 billion in lending to a number of

countries affected by the crisis, including Belarus,

Hungary, Iceland, Latvia, Pakistan, Poland,

Romania, Serbia, Sri Lanka, and Ukraine.


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Helping low-income countries fight the

crisis

IMF has stepped up lending to low-incomecountries to combat the impact of the global

recession with a new framework for loans to the

worlds poorest nations, including increased

resources, a doubling of borrowing limits, zerointerest rates until the end of 2011, and new

lending instruments that offer more flexible

terms.


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Advocating global fiscal stimulus

The IMF is also providing policy advice to

advanced countries, for instance on how to

address problems in their financing and banking

sectors, and how to design effective stimulus

packages.


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Reforming the international financial

system

The IMF published a comprehensive

study of the causes of the global financial crisis.

The study takes stock of the initial lessons learnt

from the crisis and presses for a worldwide

rethink of how to handle systemic risk

management.


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Evolving Roles

Enhancing IMF lending facilities

Strengthening the monitoring of global,regional, and country economies

Helping resolve global economic imbalances Analyzing capital market developments

Assessing financial sector vulnerabilities. Working to cut poverty Improving IMF governance. Greater accountability and transparency


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Joan VertidoVertido, Joan Marie


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World Bank is a term used to describe

an international financial institution that

provides leveraged loans to developing

countries for capital programs. The WorldBank has a stated goal of reducing poverty.

By law, all of its decisions must be guided by

a commitment to promote foreigninvestment, international trade and

facilitate capital investment.


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Key Factors

The World Bank sees the five key factors

necessary for economic growth and the creationof an enabling business environment as:

Build capacity: Strengthening governments and

educating government officials.


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Infrastructure creation: implementation of legal

and judicial systems for the encouragement of

business, the protection of individual and

property righ

ts and th

eh

onoring of contracts.

Development of Financial Systems: the

establishment of strong systems capable of

supporting endeavors from micro credit to th

efinancing of larger corporate ventures.


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Combating corruption: Support for countries'

efforts at eradicating corruption.

Research, Consultancy and Training: th

e WorldBank provides platform for research on

development issues, consultancy and conduct

training programs open for those who are

interested from academia, students, governmentand non-governmental organization (NGO)

officers


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Their mission is to help developing

countries and their people reach the goals by

working with our partners to alleviate poverty.

They address global challenges in ways that

advance an inclusive and sustainable

globalizationthat overcome poverty, enhance

growth

with

care for th

e environment, and createindividual opportunity and hope.


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. However, the global challenges in the worldcompel them to focus on:

poverty reduction and the sustainable growth

in the poorest countries, especially in Africa;

solutions to the special challenges of post-conflict countries and fragile states;

development solutions with customizedservices as well as financing for middle-income

countries;


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regional and global issues that cross nationalborders--climate change, infectious diseases,

and trade;

greater development and opportunity inthe Arab world; pulling together the best global knowledge to

support development.


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The World Bank's two closely affiliated

entitiesthe International Bank for

Reconstruction and Development (IBRD) andthe International Development Association

(IDA)provide low or no interest loans

(credits) and grants to countries that haveunfavorable or no access to international credit

markets.


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Fund Generation

LoansTrust Funds and GrantsAnalytic and Advisory Services

Capacity Building

Last year, the World Bank provided $46.9 billion for 303 projects in developing countries worldwide, with our financial and/or technical expertise aiThe Bank is currently involved in more than 1,800 projects in virtually every sector and developing country. The projects are as diverse as providing


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the World Bank provided $46.9 billion for 303 projects indeveloping countries worldwide, with our financial and/ortechnical expertise aimed at helping those countries reducepoverty.

currently involved in more than 1,800 projects in virtuallyevery sector and developing country.

The projects are as diverse as providing microcredit inBosnia and Herzegovina, raising AIDS-prevention awareness

in Guinea, supporting education of girls in Bangladesh,improving health care delivery in Mexico, and helping EastTimor rebuild upon independence and India rebuild Gujaratafter a devastating earthquake.

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