The International Monetary Fund (IMF) - Membership

The original members of the IMF were the 29 nations whose governments had ratified the Articles of Agreement by 27 December 1945. Any other state, whether or not a member of the UN, may become a member of the IMF in accordance with terms prescribed by the Board of Governors. The IMF had 184 members as of 12 December 2002. (See membership list at the end of this section.) Membership in the IMF is a prerequisite to membership in the IBRD. A member may withdraw from the IMF at any time, and its withdrawal becomes effective on the day that a written notice to that effect is received by the Fund.

If a member state fails to fulfill its obligations under the IMF Articles of Agreement, the Fund may declare that country ineligible to use its resources. If, after a reasonable period has elapsed, the member state persists in its failure to live up to its obligations, the Board of Governors may require it to withdraw from membership.

The Third Amendment of the IMF's Articles of Agreement came into force on 11 November 1992. It allows for the suspension of voting and related rights of a member that persists in its failure to fulfill its obligations under the Articles.

User Contributions:

Report this comment as inappropriate
Mar 10, 2011 @ 2:02 am
Report this comment as inappropriate
May 10, 2011 @ 2:02 am
What are the 'terms prescribed by the Board of Governors?'
praveen tiwari
Report this comment as inappropriate
Jan 13, 2013 @ 1:13 pm
i think good work in imf but i no behav in other country avoid in no devlop country help in the other have in country globel worming countrol but no countrol worde last time in the contro imf help in the worde devloping country help of money otther condision i no think is good but this no providing of found lazi interst but imf is good in world no commets is other meter also so is good larg of provide in larg of money
Report this comment as inappropriate
Jan 24, 2013 @ 4:04 am
The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.LIST THE NAME OF THE MEMBER COUNTRIES OF IMF

Comment about this article, ask questions, or add new information about this topic: