IMF

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Description and Tags

International Monetary Fund

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18 Terms

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Formed

27th December 1945

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HQ

Washington DC

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Members:

191 countries

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Founded under?

Bretton woods Institution

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Founding daddy?

John Maynard Keynes

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India joined?

December 27 1945

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India’s executive director at the IMF also represents what countries?

Bangladesh, Sri Lanka and Bhutan

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Board of Governors composition?

1 main and the other is subordinate.

Main governor: Finance Minister or Governor of the Central Bank

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Voting criteria?

The more funds a country contributes to the IMF, the more important the vote

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IMFC full form + members?

International Monetary and Financial Committee + 24 members

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DC full form + members?

Development Committee + 25 members

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Managing Director?

Kristina Georgiva

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Tenure of the MD?

5 years

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Largest Recipient?

India

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India’s SDR Quota

2.5%

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Vote weight?

2.63%

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Fiscal Monitor launched?

2009

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Frequency of World Economic Outlook?

Twice a year