2 members
Intergalactic Monetary Fund / IGMF
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Welcome to the IGMF, Our sole purpose is to provide loans & funding to various different entities. We provide funding regardless of race, entity size or status . We provide funding when the UEE wont. We’re accepting corporate memberships now!
History
Upon initial IGMF formation, its two primary functions were: to provide funding to entities in which did not qualify for traditional UEC loans and to facilitate large entities with additional liquidity above and beyond what the UEC will provide,
The IGMF’s role was fundamentally altered after the floating exchange rates post 2230’s. It shifted to examining the economic policies of the entities with IGMF loan agreements to determine if a shortage of capital was due to economic fluctuations or economic policy. The IGMF also researched what types of organizational policies would ensure economic superiority and stability . The new challenge is to promote and implement policy that encourages positive cash flow and asset acquisition among the emerging market economies , especially the middle-income that are open to massive capital outflows. Rather than maintaining a position of oversight of only UEE approved borrowers, their function became one of “surveillance”and “facilitation” of the overall macroeconomic performance of its member entities UEE approved or not. Their role became a lot more active because the IGMF now manages finances of the large organizations all the way to the syndicates that work “on the edge of the law”.
Throughout history the IGMF has provided loans totaling trillions of UEC to the largest of entities that require capital to purchase a Bengal Carrier all the way down to the single star citizen that requires cash for their insurance payments.
Manifesto
The IGMF works to foster galactic growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing PMC’s, Organizations,Pirate and Faith groups to help them achieve macroeconomic stability and reduce poverty. The rationale for this is that private intergalactic capital markets function imperfectly and many entities have limited access to financial markets. Such market imperfections, together with balance of payments financing, provide the justification for official financing, without which many entities could only correct large external payment imbalances through measures with adverse effects on both solar and intergalactic economic prosperity. The IGMF can provide other sources of financing to entities in need that would not be available in the absence of an approved loan from the UEC.
In addition, the IGMF negotiates conditions on lending and loans under their policy of conditionality, which was established in the 2220’s.Low-income entities can borrow on concessional terms, which means there is a period of time with no interest rates, through the Extended Credit Facility (ECF), the Standby Credit Facility (SCF) and the Rapid Credit Facility (RCF). Non concessional loans, which include interest rates, are provided mainly through Stand-By Arrangements (SBA), the Flexible Credit Line (FCL), the Precautionary and Liquidity Line (PLL), and the Extended Fund Facility. The IGMF provides emergency assistance via the newly introduced Rapid Financing Instrument (RFI) to all its members facing urgent balance of payments needs.
Charter
Our Board of Directors will unveil our official corporate statements soon. Please come back for updated information.