The IMF has been governed by the governors, who are usually their countries’ finance ministers or central bank directors. The executive board, consisting of 24 executive directors meet weekly for day-to-day business. The IMF has around 2700 employees from its member countries.
A pool of funds [US$692 billion] has been created by taking subscription from its members[ 189 countries] and as per the amount subscription, a particular member gets % of votes. The USA contributes around 17 %, therefore it has 17% votes.
The IMF has an Administrative Tribunal (“IMFAT” or “Tribunal” activated on October 15, 1992) which serves as an independent judicial forum for the resolution of employment disputes arising between the International Monetary Fund (“IMF” or “Fund”) and its staff members.
Purpose of IMF: Regulation and control of the international financial system
OFFICE :
Headquarters 1 (HQ1):
International Monetary Fund, 700 19th Street, N.W., Washington, D.C. 20431
Headquarters 2 (HQ2):
International Monetary Fund, 1900 Pennsylvania Ave NW, Washington, DC, 20431
Telephone Operator: + 1 (202) 623-7000 · Fax: + 1 (202) 623-4661
SWIFT: IMFDUS3WXXX
Business Hours
Monday–Friday: 8:30 a.m. to 6:00 p.m. (ET).
Saturdays, Sundays, and holidays: closed.
IMF EXTERNAL RELATIONS DEPARTMENT
Public Affairs Media Relations
E-mail: publicaffairs@imf.org
E-mail: media@imf.org
Fax: 202-623-6220 Phone: 202-623-7100
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