International Monetary Fund Presentation

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SUNSHINE GROUP:

SUNSHINE GROUP INTERNATIONAL MONETARY FUND April 2012

SUNSHINE GROUP MEMBERS:

SUNSHINE GROUP MEMBERS 2 4 6 7 Bùi Thị Kim Tân 1 Nguyễn Thị Kim Tuyền 2 3 Nguyễn Ngọc Xiếm 4 Nguyễn Thị Hồng Phúc 5 Phạm Thị Xuân Trang 6 Võ Thị Thi 7 Nguyễn Võ Phương Thùy 8 Trần Thị Bảo Trâm

PowerPoint Presentation:

VOCABULARIES Framework (n)=structure. Disastrous(a): causing great damage. Constituency(n): people who vote in a election. Forecasts(n): a prediction or estimate. Concession(n): failure to challenge or a price discount. Catalyst (n): a substance that does not itseft change, but speeds up a chemical reaction. Destitution: the state of one who lacks a certain amount of material possessions or money.

PowerPoint Presentation:

VOCABULARIES Quota (n): a fixed number of a group allowed to do something. Subscriptions (n) : an action or fact of subcribing. Collaborate(v): work together. To sponsor = to finance. Seminar (n): a conference Rep-office (n): a representative office. Tackle (v): try to deal with Sustain (v): keep something going over

IMF IN GLANCE:

IMF was created at the Bretton Woods conference in 1994. The founders aimed to build a framework for economic cooperation. IMF IN GLANCE

IMF IN GLANCE:

IMF IN GLANCE Headquarters: Washington, D.C. Total quotas: US$383 billion. Loans committed: US$282 billion. Biggest borrowers: Greece, Portugal, Ireland.

GROWTH IN IMF MEMBERSHIP :

GROWTH IN IMF MEMBERSHIP In the beginning: 29 member countries. Today: 187 member countries. Staffs: about 2,470 from 141 countries.

ORGANIZATION:

ORGANIZATION

THE IMF IN SHORT :

THE IMF IN SHORT IMF UK USA FRANCE JAPAN GERMANY Five largest shareholders:

THE IMF IN SHORT :

THE IMF IN SHORT Sixteen other Executive Directors are elected for two year terms by groups of countries, known as “Constituencies”. The Executive Board meets three times a week, maybe more.

PURPOSES:

PURPOSES Providing a forum for cooperation on international monetary problems. Facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction.

PURPOSES:

PURPOSES Promoting exchange rate stability and an open system of international payments. Lending countries foreign exchange when needed, on a temporary basis and under adequate safeguards, to help them address balance of payments problems.

KEY IMF ACTIVITES:

KEY IMF ACTIVITES The IMF supports its membership by providing: Policy advice to governments and central banks based on analysis of economic trends and cross-country experiences. Research, statistics, forecasts, and analysis based on tracking of global, regional, and individual economies and markets.

KEY IMF ACTIVITES:

KEY IMF ACTIVITES Loans to help countries overcome economic difficulties. Concessional loans to help fight poverty in developing countries. Technical assistance and training to help countries improve the management of their economies.

LENDING BY IMF:

LENDING BY IMF IMF loans are meant to help member countries tackle balance of payments problems, stabilize their economies, and restore sustainable economic growth. The IMF is not a development bank and, unlike the World Bank and other development agencies, it does not finance projects.

LENDING BY IMF:

LENDING BY IMF Today, IMF lending serves three main purposes. First, it can smooth adjustment to various shocks, helping a member country avoid disruptive economic adjustment or sovereign default. Second, IMF programs can help unlock other financing, acting as a catalyst for other lenders. Third, IMF lending can help prevent crisis.

QUOTA:

QUOTA IMF's main resources: subscriptions (quotas). Countries pay 25 percent of their quota subscriptions in Special Drawing Rights (SDRs) or major currencies. IMF can call on the remainder, payable in the member's own currency, to be made available for lending as needed.

QUOTA:

QUOTA -Determine the amount of financing that each country can receive from the IMF. -Are the main determinant of countries' voting power in the IMF. -Broadly reflect members' relative size in the world economy. The largest member is the United States, with a current quota of SDR 42.1 billion (about $68 billion) The smallest member is Tuvalu, with a current quota of SDR 1.8 million (about $2.9 million).

COLLABORATING WITH ORTHERS:

COLLABORATING WITH ORTHERS The IMF collaborates with: The World Bank. Regional development banks. The World Trade Organization(WTO). UN agencies and other international bodies.

COLLABORATING WITH ORTHERS:

COLLABORATING WITH ORTHERS

PowerPoint Presentation:

VIETNAM AND IMF RELATIONSHIP IMF’s Chief Representative Benedict Bingham and Prime Minister Nguyễn Tấn Dũng.

SHARES AND REPRESENTS:

SHARES AND REPRESENTS At present, Vietnam is holding 0.193% shares valuing SDR 460.7 million, and 0.212% voting rights of IMF. Vietnam is a member of Southeast Asian group including 13 countries. The CEO for the period 5/2011-5/2013 is Mr. Der Jiun Chia , a Singaporean.

VIETNAM AND IMF RELATIONSHIP:

VIETNAM AND IMF RELATIONSHIP Saigon government joined the IMF in 1956. In 1976, Socialist Republic of Vietnam officially became a member of the IMF. During the period 1976-1981, the IMF loaned US$ 200 million to Vietnam to resolve in the balance of payments.

VIETNAM AND IMF RELATIONSHIP:

VIETNAM AND IMF RELATIONSHIP In Oct. 1993, Vietnam has resumed financial relations with the IMF. In period 1993-2004, IMF provided four loans to Vietnam with total of US$1.094 million. Since Apr. 2004, Vietnam - IMF have no any loan programs. IMF is still very active in conduction of policy consultancy and technical assistance to Vietnam.

VIETNAM AND IMF RELATIONSHIP:

VIETNAM AND IMF RELATIONSHIP IMF has provided technical assistance in the fields of statistics, policies and tax administration, monetary, foreign exchange… IMF regularly sponsors staffs of the State Bank and agencies to attend training courses and seminars…

VIETNAM AND IMF RELATIONSHIP:

VIETNAM AND IMF RELATIONSHIP IMF also sends economic experts to conduct presentations about financial and banking operation, and organizes training courses for State Bank. State Bank also sends their staff to work temporarily at IMF’s Vietnam rep-office to learn and exchange work experience.

VIETNAM AND IMF RELATIONSHIP:

VIETNAM AND IMF RELATIONSHIP At the meetings, Vietnam delegations showed the appreciation to the advice and help of the IMF for Vietnam during the recent crisis. In return, the IMF also congratulated Vietnam has overcome the crisis, evaluated the high-speed economic development in Vietnam and expressed its willingness to help and support Vietnam.

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