Article I – Purposes
E1011958
Article I – Purposes is the foundational section of the IMF’s Articles of Agreement that sets out the institution’s core objectives, including promoting international monetary cooperation, exchange stability, balanced trade growth, and financial assistance to members.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
legal provision
ⓘ
treaty article ⓘ |
| adoptedAt | United Nations Monetary and Financial Conference at Bretton Woods NERFINISHED ⓘ |
| adoptedBy | member countries of the International Monetary Fund ⓘ |
| adoptionYear | 1944 ⓘ |
| aimsAt |
prevention of beggar-thy-neighbor policies in exchange rates
ⓘ
promotion of multilateralism in payments and trade ⓘ stability of the international monetary system ⓘ |
| appliesTo | all members of the International Monetary Fund ⓘ |
| belongsToOrganization | International Monetary Fund NERFINISHED ⓘ |
| bindingOn | all IMF members upon accession ⓘ |
| cameIntoForce | 27 December 1945 ⓘ |
| defines | purposes of the International Monetary Fund ⓘ |
| governs | objectives of IMF operations ⓘ |
| hasAmendments | subsequent amendments to IMF Articles of Agreement ⓘ |
| historicalContext | post–World War II reconstruction and monetary stabilization ⓘ |
| influences |
IMF lending policies
ⓘ
IMF surveillance activities ⓘ IMF technical assistance priorities ⓘ |
| interpretedBy | IMF Executive Board NERFINISHED ⓘ |
| language |
English
ⓘ
French ⓘ Spanish ⓘ |
| legalEffect |
guides IMF conditionality and program design
ⓘ
guides surveillance over members’ exchange rate policies ⓘ sets outer limits of IMF jurisdiction ⓘ |
| locatedInDocument | Chapter I of the IMF Articles of Agreement NERFINISHED ⓘ |
| objectiveType | institutional mandate ⓘ |
| partOf | Articles of Agreement of the International Monetary Fund NERFINISHED ⓘ |
| purposeStated |
to assist in the establishment of a multilateral system of payments for current transactions
ⓘ
to avoid competitive exchange depreciation ⓘ to contribute to high levels of employment and real income ⓘ to contribute to the development of the productive resources of all members ⓘ to correct balance of payments maladjustments without resorting to destructive measures ⓘ to eliminate foreign exchange restrictions that hamper world trade ⓘ to facilitate the expansion and balanced growth of international trade ⓘ to give confidence to members by making the Fund’s resources temporarily available ⓘ to maintain orderly exchange arrangements among members ⓘ to promote exchange stability ⓘ to promote international monetary cooperation ⓘ to shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members ⓘ |
| relatedTo |
Article IV of the IMF Articles of Agreement
NERFINISHED
ⓘ
Article V of the IMF Articles of Agreement NERFINISHED ⓘ |
| shortName | Article I of the IMF Articles of Agreement NERFINISHED ⓘ |
| subjectArea |
international economic law
ⓘ
international monetary law ⓘ |
| subjectOf |
academic commentary on IMF mandate
ⓘ
interpretative decisions by the IMF Executive Board ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.