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August 04, 2015 3:47 AM ET

Diversified Financial Services

Company Overview of International Monetary Fund

Company Overview

International Monetary Fund (IMF) is an international organization of the United Nations system that assists in developing the world economy. The organization assists in promoting international monetary cooperation, maintaining exchange stability and orderly exchange arrangements; promoting economic growth and high levels of employment; and offering temporary financial assistance to countries. It reviews and monitors national and global economic and financial developments and provides advisory services to its members on their economic policies. The Fund also provides surveillance, financial assistance, and technical support services to more than 180 member countries. IMF was founded in July ...

700 19th Street NW

Washington, DC 20431

United States

Founded in 1944

Phone:

202-623-7000

Fax:

202-623-4661

Key Executives for International Monetary Fund

Chairman of Executive Board and Managing Director
Age: 59
Director of Finance Department
Chief Information Officer and Associate Director of Technology & General Services Department
Chief Administrative Officer and Deputy Managing Director
Age: 53
Director of the Legal Department and General Counsel
Compensation as of Fiscal Year 2015.

International Monetary Fund Key Developments

International Monetary Fund Announces Earnings Results for the Year Ended April 30, 2015; Provides Earnings Guidance for the Financial Year 2016

International Monetary Fund announced earnings results for the year ended April 30, 2015. For the period, the company’s net income, including income from surcharges applied to higher access borrowing from the IMF, is estimated at SDR 1.5 billion ($2.2 billion). Net income of SDR 1.3 billion, which excludes the retained earnings of the gold endowment, will be added to the IMFs precautionary balances which are projected to reach SDR 14.0 billion ($19.8 billion) at end-financial year 2015. The net income position for financial year 2015 was lower than projected a year earlier. This reflected both early repayments by Ireland and Portugal and an adjustment required under the International Accounting Standard 19 stemming mainly from a further fall in the discount rate used in the valuation of pension obligations. Net income of SDR 0.85 billion ($1.3 billion) is projected for financial year 2016. This projection is sensitive to the timing and amounts of disbursements under approved arrangements included in the projections, possible new arrangements, and the performance of the Funds investment portfolio. The projected net income will allow the IMF to continue to add to its precautionary balances.

International Monetary Fund Appoints Maurice Obstfeld as Economic Counselor and Director of its Research Department, Effective September 8, 2015

International Monetary Fund announced to appoint Professor Maurice Obstfeld as Economic Counselor and Director of the IMF's Research Department. Mr. Obstfeld succeeds Olivier Blanchard whose retirement was announced previously. He is expected to begin his work at the Fund on September 8, 2015. Mr. Obstfeld has advised many governments and consulted at central banks all over the world. He is currently serving as a member of President Obama's Council of Economic Advisers, on leave from Berkeley. He has also been a Research Fellow at the IMF on four separate occasions, most recently in 2012.

International Monetary Fund Presents at 14th annual AVCJ China Forum 2015, May-28-2015 09:00 AM

International Monetary Fund Presents at 14th annual AVCJ China Forum 2015, May-28-2015 09:00 AM. Venue: China World Summit Wing, Beijing, No.1 Jianguomenwai Avenue, Beijing, 100004, China. Speakers: Alfred Schipke, Senior Resident Representative for China.

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