02387cas a2200301 a 4500 AALejournalIMF010642 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451970661 0538-8759 BD-DhAAL BD-DhAAL International Monetary Fund. Making the Global Economy Work for All (Revised). Washington, D.C. : International Monetary Fund, 2004. 1 online resource (5 pages) Pamphlet Series <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses principles and functions of the IMF. The IMF is a specialized agency of the United Nations system set up by treaty in 1945 to help promote the health of the world economy. Through its work, the IMF helps to keep the world economy running as smoothly as possible. Its work is aimed partly at the prevention of economic and financial crises, but it is also there to help countries out if such a crisis does occur. Member countries provide money (known as quota subscriptions) to the IMF. The IMF can lend from this pool to members in financial difficulty. Quotas, which are based mainly on countries' economic size, determine countries' voting power in the IMF and the limits to what they can borrow. The IMF and World Bank are jointly engaged in an initiative designed to help heavily indebted poor countries (HIPC) cut their debt burdens. Under the HIPC Initiative, debt-reduction is provided to support, policies that promote economic growth and poverty reduction. Policies to reduce poverty need to be supported not only by debt relief, but also by increased aid flows from the 'richer countries and' by improved access for developing countries to industrial countries' export markets. Mode of access: Internet IMF Borrower imf IMF's Job imf IMF's Purpose imf IMF's Work imf PAM imf Pamphlet Series; Pamphlet Series, No. Full text available on IMF http://elibrary.imf.org/view/books/054/15760-9781451970661-en/15760-9781451970661-en-book.xml IMF e-Library