INTERNATIONAL FINANCE

INTERNATIONAL FINANCE

IMF

The IMF is an international institution raised the July 22, 1944 at the Bretton Woods which currently brings together 188 countries, and whose role is to promote international monetary cooperation; facilitate the expansion and balanced growth of international trade that promote exchange stability and contribute to a multilateral system of payments for current transactions between members and eliminate exchange restrictions, give confidence to members by making temporarily available to them under adequate safeguards.

This institution was founded in 1945 and originally had to ensure the stability of the international monetary system after the financial crisis or bankruptcy of 1976 and 1929. After the demise of the fixed exchange rate system, the IMF inherited a new role to debt problems of developing countries and with the international financial crisis. A member has automatic access to 25% of its quota if you experience balance of payments difficulties. If you need more money, you have to negotiate a stabilization plan.

At the G20 summit in 2009, the IMF's financial capacity fourfold to one trillion dollars. Also was tasked to monitor whether countries are stimulating their economies enough and if reforming their regulatory systems, and warning of financial problems. About 500,000 million will be used to bail out struggling economies and the body has a line of credit that does not require them to debtors conduct unpopular economic reforms, such as reducing government spending, although only some countries qualify for such credit. For other countries, the fund will force fiscal spending reductions or interest rates rise but will seek to protect programs for the poor. On September 5, 2011 Director Christine Lagarde warns of imminent threat of a global recession, dragging the same day exchanges to serious falls worldwide. The monetary fund was increased by the 1936 global crisis

AFRICA REGIONAL AGREEMENTS

Agadir Agreement.- The Agadir Agreement for the establishment of a free trade area between the Mediterranean Arab countries was signed in Rabat, Morocco on 25 February 2004. The agreement is aimed at establishing a free trade area in Jordan, Tunisia, Egypt and Morocco was seen as a possible first step in the establishment of the Euro-Mediterranean free trade as it was envisioned in the Barcelona Process.

East African Community.- The East African Community (EAC), also called the East African Community and the East African Community (EAC) (English East African Community, EAC) is a customs union in East Africa, comprising Kenya, Uganda, Tanzania, Burundi and Rwanda. Founded in January 2001 at a ceremony in the city of Arusha, Tanzania, which is headquartered, reviving abandoned a similar project in 1977. A later treaty, signed in March 2004 established a customs union, which started on 1 January 2005.

Southern African Customs Union.- The Southern African Customs Union, or SACU (acronym for Southern African Customs Union) is a customs union which brings together five Southern African countries, which are Botswana, Lesotho, Namibia, South Africa and Swaziland.

Its purpose is to maintain the free interchange of goods between member countries. It provides for a common external tariff and a common excise tariff to this common customs area. All proceeds of the customs and excise duty in

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