An Evaluation of the International Monetary Fund Loan Policy on Developing Economy
ORGANIZATION AND STRUCTURE OF THE FUND.
At the apex of the chain of command is the decision making body of the fund known as the Board of Governors, one from each member and 151 alternate Governors. This body usually meets annually in order to delibrate on very crucial matters concerning the fund. There is also an Executive Board, which performs virtue control of the fund. They usually meet in Washington and are responsible for decision on members request for financial assistance and some other staff of policies of the fund. They are usually full time staff of the fund and are appointed by those countries with large quotas or at times elected by constituency of countries with smatter quotas. The board usually meets continuously in order to meet up with their task. [Read more…]