User:Debendra sharma/sandbox

=International Monetary fund in Nepal= The IMF means international monetary fund,Washington D.C. in the 'USA'.It's a global organization made up of 185 member countries,founded in 1944 with the purpose to oversee global financial health and provide assistance when needed to it's members.Today the IMF it's goals as "to promote international monetary cooperation,exchange high levels of employment,and to provide temporary financial assistance to countries to help ease balance of payments adjustment." Criticism of the IMF is a cornerstone of the anti-globalization movement. The international monetary fund works to foster international monetary cooperation,secure financial stability,facilitate international trade.Promote high employment and sustainable economic growth,and reduce poverty around the world,created in 1945.The IMF is governed by and accountable to the 187 countries that make up its near-global membership.

Why the IMF was created and how it works
The IMF also known as the "fund" was conceived at a united nations conference convened in Bretton woods,New Hampshire,united states in July 1944.The 44 governments represented at that conference said to build a framework for economic cooperation that had contributed to the Great Depression of the 1930's.  'The IMF's responsibilities',the IMF's primary purpose is to ensure the stability of the international monetary system,the system of exchange rates and international payment that enables countries transact with one other.This system is essential for promoting sustainable economic growth,increasing living standards,and reducing poverty.Following the recent global crisis,the Fund has been clarifying and updating to cover the full  range of macroeconomic and financial sector issues that bear on global stability. 4. Nepal - fund Relation as of February 28 2010 1	Membership status; joined 25/09/2004 Article VIII ,selections 2,3 and 4 may 3o  1994 2	General Resources Account	SDR million		percent Quota Quota	                       71.3		         100 Fund holding of currency	71.3		          99.99 Reserve position on fund	0.01		           0.02 3	SDR department	               SDR million		percent Quota Net cumulative allocation	68.1		          100 Holdings	               63.71		          93.56 4	Outstanding purchase and loans	SDR million		percent Quota ECF arrangements	         48.47		         67.99 5	Financial arrangements type	approval date	expiration date	amount approved	amount drown SDR million	   SDR million ECF	11/19/03		11/18/07		49.9		49.9 ECF	10/05/1992		10/04/1995		33.57		16.79 SAF	10/14/87		10/13/90		26.11		26.11 6	Projected obligations to fund (in million of SDR; based on existing use of resources and 	present holding of SDRs										Forthcoming					      2010	2011	2012	2013	2014		Principal		2.85	2.85	6.77	9.98	8.55		Charges/interest	0.02	0.02	0.12	0.1	0.07		Total		        2.87	2.87	6.89	10.08	8.63