Transcription of CURRENT AFFAIRS - ICSI
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CURRENT AFFAIRS - ICSI
CURRENTAFFAIRSC hapter1 International andNational Affairs12 Financial Affairs463 Political Affairs584 Legal and Other Affairs75 Lesson 1 INTERNATIONAL ANDNATIONAL AFFAIRS1 CURRENT Affairs2 INTERNATIONAL MONETARY FUNDThe International Monetary Fund (IMF) is an organizationof 189 countries, working to foster global monetarycooperat ion, secure financial st abilit y, facilit at einternational trade , promote high employment andsustainable economic growth, and reduce poverty aroundthe in 1945, the IMF is governed by and accountableto the 189 countries that make up its IMF's primary purpose is to ensure the stability of theinternational monetary system the system of exchangerates and international payments that enables countries(and their citizens) to transact with each other. The Fund'smand at e was upd at ed in 2 0 1 2 t o includ e allmacroeconomic and financial sector issues that bear onglobal Facts Membership : 189 countries Headquarters : Washington, Executive Board : 24 Directors each representing a single country or groups of countries The largest borrowers : Argentina, Ukraine, Greece, Egypt The largest precautionary loans : Mexico, Colombia, MoroccoPrimary aims of IMF to: Promote international monetary cooperation ; Facilitate the expansion and balanced growth of international trade ; Promote exchange stability; Assist in the establishment of a multilat
cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. The IMF's primary purpose is to ensure the stability of the
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