THE INTERNATIONAL MONETARY FUND (IMF) DECISION MAKING PROCESS TOWARDS EGYPT FINANCIAL ASSISTANCE (1987-1991)
Abstract
This undergraduate thesis will describe about the influence of the United States in International Monetary Fund (IMF) decision making process regarding to Egypt financial assistance which happened in 1987 until 1991. The IMF itself is an international organization that established in Bretton Woods, 1944, and consists of 189 countries working to maintain and supervise the global monetary cooperation, secure financial stability, and provide financial aids for all of its members that experiencing monetary crisis.
Egypt became a permanent member in IMF since 1947 and experienced a financial crisis in 1987. Egypt decided to finally ask for loans to IMF in 1987, yet its unable to fulfill the requirements. Until 1991, the negotiations of agreement between Egypt and IMF finally approved by the IMF even when Egypt still unable to fulfill the whole preconditions.
Thus, the writer would like to analyze the main reason of the United States in interfering the Executive Board decision which will be the final policy from the IMF to Egypt while it was unsuccessfully filling the whole preconditions.