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This paper will discuss these three organizations their goals, whether they have met, or are going to meet these goals. It will next discuss the positives and negatives of these three organizations, and describe which organization is doing good, or being a burden on the international economy. .
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INTERNATIONAL MONETARY FUND:.
The IMF is an international organization of 183 member countries, established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment. Since the IMF was established in 1946, its purposes have remained unchanged but its operations, which involve surveillance, financial assistance, and technical assistance, have developed to meet the changing needs of its member countries in an evolving world economy. The IMF has bailed out many countries from economic disaster, including India, Russia, Mexico, Indonesia, Thailand, Malaysia, South Korea, almost all African countries, and are bailing out Argentina currently. The major purposes of the IMF, as stated in the Articles of Agreement of the International Monetary Fund, are:.
1. "To promote international monetary cooperation through a permanent institution which provides the machinery for consultation and collaboration on international monetary problems.
2. To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.
3. To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.
4. To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade.
