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Utilizing property of the International Monetary gillyflower- Political Ideology Amoril Ogle Broward College Nursing Perspective Nur 4667 January 30, 2012 Utilizing Funds of the International Monetary Fund- Political Ideology The International Monetary Fund (IMF) is an international organization that came in existence in 1945 with 45 members originally, and by the year 2010 it grew to 187 members worldwide. The IMFs mission is to foster world(prenominal) monetary cooperation, secure financial stability, facilitate international trade, promote high employment and fosterable economic growth, and reduce exiguity around the world (Baker, 2010). The IMF secures its origining from its 187 member countries, with the bulk of its cash coming from the richest countries, with 17.4% from the U.S., 6.5% from Japan, 5.6% from Germany, 4.2% from France and 4.2% from the U.K. Smaller economies like New Zealand and Peru contribute little than 0.3% each (Stuckler, Basu & McKee, 2011). The IMF monitor the recipient countries economic and financial development, and sometimes provide technical assistance and training ensuring that terms of refund can be met. In practice, this often translate into reductions in social spending, including spending on public health and health care delivery.

Some say the IMF interest is to its member countries, who attribute large deposits in the fund so smaller evolution countries could borrower money on a temporary basis when they straightaway a negative budget. However, the goal of the IMF is to assist countries with a financial need to use these loans to increase trade, promote high employment, sustain economic and financial growth, and reduce poverty. Over the years the IMFs response to many crises, faced by their borrowing countries and critics of the fund states that the IMF should try and prevent some of this crisis rather than be ready to respond to them with more loans. IMF gives greater attention and favorable discourse to economic crises when... If you want to get a full essay, site it on our website: Ordercustompaper.com

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