Does_The_International_Monetary_Fund_Do_More_Harm_Then_Good_

Does The International Monetary Fund Do More Harm Then Good' The International Monetary Fund (IMF) started 1947 with just 44 member countries, now, in 2002, all countries hold membership in the IMF. The basic platform of the IMF is that they act as a loan bank for mainly third world countries. They receive their funds from hard currency reserves that larger, more well off countries have given them to use at their disposal. They also make enough money from interest drawn on the loan accounts. Just in 2000 alone they had $114 billion to work with, in that same year, they had $69 billion in outstanding debt, all only to 96 countries. Many say that the IMF has played a very important role in so many countries, restoring their monetary stability, and has many many supporters. But, as always, with supporters, comes detractors. These detractors fight that the IMF has to main problems:voting and structural adjustment polices. The voting being the main issue of the two, the fight is saying that the voting distribution is unfair. Easily broken down: Voting is based on each members contribution to the fund. The European Union is on the top of the voting list with a 31 percent voting followed by imf, international, monetary, fund, countries, voting, loan, country, two, public, poverty, out, just, fight, workers, unfair, supporters, sector, said, people, passed, now, meant, make, mainly, main, law, issue, harsher, generally, employment, detractors, cut, billion, being, basic