期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2010
卷号：10
期号：1
语种：English
出版社：Ovidius University Press
摘要：The International Monetary Fund was created following the agreements reached at the monetary and financial Conference of Bretton Woods (July 1944) and it is one of the most important international organisms for exchange rate and financial cooperation. Although its objectives were and still are hard to reach,the importance of the IMF derives precisely from its ambitious policies of stabilizing the balances of payments. Considered by many analysts as the „rich countries club” - due to the votes‘ assignment procedure weighted on the contribution to resources,the IMF is,nevertheless,a real support for transition and poor countries. Within our study,starting from the official data provided by the IMF,we have carried out an analysis of the financial support activity for the heavily indebted poor countries (HIPC). The research allowed us to observe that the role of the IMF has intensified over the recent period. This does not support the analysts‘ critical opinions that the IMF activity should restrain. Moreover,we have noted that,as the financial crisis spread from the developed countries to the developing ones,the IMF has reinforced its support to the low-income countries. The new initiatives will conclude in the increase of the IMF preferential loans volume up to 17 billion euro by 2014. In this context,we consider our research takes into consideration present-day,interesting issues for a large range of users.
