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IMF

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Issue:

Business

 

Written by:

Amber R

 

Date added:

February 25, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 3964

 

Was viewed:

608 times

 

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Essay content:

Membership in the World Bank requires membership in the IMF, and they are both specialized agencies of the United Nations. The World Bank was given domain over long-term financing for nations in need, while the IMF's mission was to monitor exchange rates, provide short-term financing for balance of payments adjustments, provide a forum for discussion about international monetary concerns, and give technical assistance to member countries...
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These functions are still generally true of both organizations, although the policies determining how they are carried out have been modified and amplified over time. The Fund's legal authority is based on an international treaty called the Articles of Agreement (Articles or the Agreement) which came into force in December 1945...
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