Call for Entries: IMF F&D Essay Competition 2019

F&D Essay Competition is an essay writing competition organized by the International Monetary Fund. The winning essay will be published in a forthcoming edition of F&D magazine in six languages both in print and online—reaching a large audience. Finance & Development, the IMF’s quarterly print magazine and online editorial platform, publishes cutting-edge analysis and insight on the latest trends and research in international finance, economics, and development. The print edition is published quarterly in English, Arabic, Chinese, French, Russian, and Spanish, while the web edition is complemented with additional, online-only content. Finance & Development is written by both IMF staff and prominent international experts, and is read by leading policymakers, academics, economic practitioners, and other decision-makers around the world. The International Monetary Fund (IMF) is an organization of 189 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.

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Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other and make resources available (with adequate safeguards) to members experiencing balance-of-payments difficulties. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

The IMF’s fundamental mission is to ensure the stability of the international monetary system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members. The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s. The IMF has played a part in shaping the global economy since the end of World War II. IMF has approximately 2,700 staffs from 150 countries