Finance of the International Monetary Fund

Authors

DOI:

https://doi.org/10.31617/zt.knute.2022(121)07

Keywords:

IMF’s finances, international financial assistance, global financial instability, credit programs, credit mechanisms.

Abstract

Introduction. The institutional transformationof the IMF is aimed at ensuring global financial stability. This requires a study of changes in approaches and mechanisms for the formation and use of financial assets and indicators that determine the effectiveness and efficiency of its activities.
Problem. The institutional development of the IMF requires adequate resources and improvement of the internal system of financial relations, mechanisms of accumulation and redistribution of financial and credit flows.Understanding the features and consequences of such transformations is important for the development of both the global financial system as a whole and individual sovereign countries, the stability of which has long depended on cooperation with the IMF.
The aim of the article is aimed at identifying the content and impact of improving the functioning of the IMFs finances to ensure the stability of the global financial system.
Methods. To reveal the peculiarities of the formation and use of financial resources, the systematic method is used, while scientific abstraction and generalization are used to deter­mine the financial architecture, and methods of analysis and synthesis are used to analyse the IMF financial performance.
Results. The development of the global financial environment effects the IMF financial architecture and performance. Indicators of accu­mulation and use of own and borrowed funds are studied.The IMF financial performance for 20192020 is estimated. The role of the IMF in ensuring the stability of the world’s financial system is revealed.
Conclusion. The institutional development of the IMF is aimed at ensuring the stability of the global financial system and meeting the needs of the world community for resources. Improving the IMFs financial management reflects thestrengthening of its financial and credit capacity by increasing the member countriesquotas, using gold reserves and borrowing, optimizing costs, and ensuring the efficiencyfunctioning.

Author Biographies

Igor CHUGUNOV, State University of Trade and Economics

Doctor of Sciences (Economics), Professor,
Head of the Department of Finance

Galyna KUCHER, State University of Trade and Economics

Doctor of Sciences (Economics), Associate Professor,
Professor of the Departmentof Finance

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Published

2022-04-22

How to Cite

CHUGUNOV І., & KUCHER Г. (2022). Finance of the International Monetary Fund. oreign rade: conomics, inance, aw, 121(2), 77–95. https://doi.org/10.31617/zt.knute.2022(121)07

Issue

Section

INTERNATIONAL FINANCE AND TRADE