The Role of the International Monetary Fund

Michel Camdessus, managing director of the International Monetary Fund (IMF), spoke to an audience at the National Press club, and examined the IMF’s role in the… read more

Michel Camdessus, managing director of the International Monetary Fund (IMF), spoke to an audience at the National Press club, and examined the IMF’s role in the economic transition of Eastern Europe and the rapid change in the overall global economy. Founded in 1945, the purpose of the IMF is to help reduce the negative economic effects of crises and conflicts, and assist countries during economic transitions. Mr. Camdessus described the IMF as “an international organization of 154 member countries working together to find common solutions to economic problems. There must always be a cooperative solution to any global problem. That is far better than a go-it- alone approach.” The most important function of the IMF “is to give confidence to members that some policies work, and trigger extended support.” IMF, the sister organization to the World Bank, is the main conditional lender in the world. Loans are based on member countries compliance with economic advice. The most recent counse close

Report Video Issue

People in this video

Hosting Organization

More information about

The Role of the International Monetary Fund

114 Views
Program ID:
15677-1
Category:
National Press Club
Format:
National Press Club Speech
Location:
Washington, District of Columbia, United States
First Aired:
Jan 13, 1991 | 12:51pm EST | C-SPAN 2
Last Aired:
Jan 18, 1991 | 6:25am EST | C-SPAN 2

Airing Details

  • Jan 13, 1991 | 12:51pm EST | C-SPAN 2
  • Jan 13, 1991 | 6:55pm EST | C-SPAN 1
  • Jan 14, 1991 | 8:40am EST | C-SPAN 2
  • Jan 18, 1991 | 6:25am EST | C-SPAN 2
Purchase a Download

The Role of the International Monetary Fund

  • MP4 video - Standard
    Price:
    $4.99
  • MP3 audio - Standard
    Price:
    $0.99