IMF in Global Commerce Policy

In this regard, imf is: International Monetary Fund. The entries on trade policy in the Encyclopedia are here. One of the organizations established at the 1944 United Nations Monetary and Financial Conference held at Bretton Woods. The entries on trade policy are here. It oversees the international monetary system through (a) encouraging international monetary cooperation, (b) facilitating the expansion of balanced growth of international trade, (c) assisting member countries in correcting balance of payments deficits through short- to medium-term credits and (d) promoting foreign exchange stability and orderly exchange relations among its members. GATT Article XV provides for consultation and coordination between the two organizations on matters concerning monetary reserves, balances of payment or foreign exchange arrangements. GATT members either had to join the IMF or enter into a special exchange arrangement with the other GATT members to ensure that the provisions of the Agreement were not frustrated by foreign exchange measures. The relationship of the WTO with the IMF is based on the provisions that have governed the GATT’s relationship with it. The IMF participates in balance-of-payments consultations conducted under Articles XII and XVIII:B of the GATT. See also Bretton Woods Agreements.[1]

IMFin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “IMF” entry (OAS)

See Also

Resources

See Also

• International Organization
• Foreign Relations
• Organization
• United Nations
• United Nations System