What's the International Monetary Fund

The International Monetary Fund (IMF) is a global financial institution, established with the aim of providing financial aid to the 190 member States, with the IMF contributing by lending to the [financial deficit] (https://ar.wikipedia.org/wiki/%D8%-D8%)

1. Maintain the monetary stability of Member States, determine an international exchange rate regime and commit States to it, and determine the exchange rate based on the United States dollar.
2. Identify a financial share for each Member State where each State has approximately 25% of the gold and has 75% of the currency of the State.
3. Development of a financial system to which all Member States are bound, where the International Monetary Fund (IMF) authorization is requested when any Member State wishes to reduce or increase its currency.
4. Oversight of all Member States, follow-up on financial developments of each State, action on financial stability and prevention of economic crises of those States
5. Provision of loans and financial aid to the State experiencing economic crises to contribute to the return of stability for those States

The organizational structure of the International Monetary Fund (IMF) consists of:

• Board of Governors chaired by the Governor of the Monetary Fund
• Next comes the Board of Governors and is responsible for providing reminders and advice to the President of the Board and the Executive Board Executive Board, composed of representatives of members of the IMF
• Administrative offices, which are specialized offices distributed in all States of the world
• Finally, governing bodies, which are multidisciplinary and multidisciplinary

How is the International Monetary Fund financed? IMF is financed from three core sources:

• Member States ' quotas, where a financial contribution is made by Member States, each share is calculated based on the economy of the State
• The second source of IMF funding comes from loan agreements from member countries and other financial institutions
• The third source is bilateral borrowing agreements only through Member States.

The most important events in which IMF has assisted the countries of the world IMF has assisted many of the countries of the world whose economy has been affected by various crises, including:

Mexico, which experienced a major economic crisis in 1994, intervenes with the International Monetary Fund (IMF) and restores the stability of the Mexican economy after giving States nearly $50 billion. - The Asian financial crisis, which took place in 1997 and affected both Thailand, Indonesia and South Korea, for the Monetary Fund to grant each country a huge financial loan to help restore stability, with the State of Thailand granting nearly $17 billion and Indonesia $23 billion, and South Korea being awarded $57 billion. Russia, which was affected by the financial crisis of the Asian States in the same year, would be assisted with a significant financial value of up to $22 billion, following a drastic decline in its shares, which caused a fall in the market value of the rubble currency. - The global economic crisis, to which all the nations of the world were subjected in 2008, following the announcement by the American Bank of Liman Brothers that the United States and a large number of countries in the world were exposed to a major economic crisis, so that IMF would grant nearly $500 billion to States affected by the global economic crisis at this time. - The European debt crisis, following the world ' s major crisis of 2008, a further setback occurred in 2009 called the European debt crisis, for Cyprus, Ireland and Portugal to face a major economic crisis, and the State of Greece declared bankruptcy, for IMF to intervene and provide substantial loans to those States, enabling them to recover economically four years later - Arab revolutions, in early 2011, began revolutions in a number of Arab States, which led to a significant encroachment in the economies of those countries, followed by IMF loans for the rehabilitation of the affected economies of $37 billion - The crisis of the Corona pandemic caused a global economic recession to which all economies of States were affected, which made them apply for economic aid to help them meet their needs, so that the Monetary Fund would declare emergency funding to all States by zero interest

The international debt of the International Monetary Fund (IMF) Recently because of the crises that have elapsed in all the countries of the world, especially after the fallout of the Russian-Ukraine war, the world public debt of both States and companies has reached nearly $220 trillion, and the United States of America has come to the first centre with a debt of $31 trillion, and Egypt in the first place with a debt of $49 billion.