International Monetary Fund:

Efforts to Advance U.S. Policies at the Fund

GAO-01-214: Published: Jan 23, 2001. Publicly Released: Jan 23, 2001.

Additional Materials:

Contact:

Harold J. Johnson, Jr
(202) 512-4966
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

The core mission of the International Monetary Fund (IMF) is to promote monetary cooperation and exchange rate stability and provide resources to IMF member countries that experience balance-of-payment difficulties. Because it is an international organization, IMF is generally exempt from US law; however, Congress can seek to influence IMF policy by passing laws that direct the Secretary of the Treasury to direct the Executive Director to vote on certain issues within the Board of the Fund. Through three case studies, GAO found that the Treasury and the U.S. Executive Director actively promoted U.S. policies related to (1) sound banking principles, (2) labor issues, and (3) audits of military expenditures. It is difficult to determine whether IMF's adoption of a policy is due solely to U.S. influence because other countries generally support the same policies.

Sep 28, 2016

Sep 27, 2016

Sep 22, 2016

Sep 20, 2016

Sep 7, 2016

Aug 31, 2016

Aug 25, 2016

Aug 15, 2016

Looking for more? Browse all our products here