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by The Little Workhorse of Syrasia. . 117 reads.

TWI | Isles International Monetary Association (IIMA)


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The landmark international finance institution, working to foster regional monetary cooperation, secure financial stability,
facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty across the Isles.

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ABOUT | COUNTRIES | NEWS | DATA
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Isles International Monetary Association
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Headquarters (Ruislip, Syrasia)


Abbreviation

IIMA

Formation

26 December 1950

Type

International financial institution

Region

The Western Isles

Membership

X

Managing Director

X

Chief Economist

X

Main Organ

Regional Board of Governers

ABOUT THE IIMA


We Are A Regional Organisation

The IIMA was established in 1950 in the wake of the Imperial War and the crises surrounding the conflict. Founding member countries sought to build a framework for international cooperation and development. Today, its membership embraces many countries from across the Western Isles, with drawn stress coming from the South Mesder Sea to Gael. The IIMA is governed by and accountable to those countries that make up its regional membership.


How We Are Organised

At the top of its organisational structure is the Regional Board of Governers. The day-to-day work of the IIMA is overseen by its Executive Board, which represents the entire membership and supported by IIMA staff. The Managing Director is the head of the IMF staff and Chair of the Executive Board. They are assisted by four Deputy Managing Directors.

Members are allocated a share of votes on key issues based on their contribution to the IADs reserve. The IAD (Isles Accounting Dollars) are an international reserve of assets to supplement reserves of member countries. The value of an IAD is based on a basket of five currencies: CURRENCY 1, CURRENCY 2, CURRENCY 3, CURRENCY 4 and CURRENCY 5. IADs are allocated to IIMA member states in proportion to their relative share in the IMF. Countries can exchange IADs for hard currencies with other IIMA members.


How We Are Financed

The IIMA's resources mainly come from the money that countries pay as their capital subscription (quotas) when they become members. Each IIMA member is assigned a quota, based broadly on its relative position in the regional economy. Countries can then borrow from this pool when they fall into financial difficulty.


Lending

The IIMA provides loans - including emergency loans - to member countries experiencing actual or potential balance of payments problems. The aim is to help them rebuild their international reserves, stabilise their currencies, continue paying for imports, and restore conditions for strong economic growth, while correcting underlying problems.


Surveillance

The IIMA monitors the international monetary system and regional economic developments to identify risks and recommend policies for growth and financial stability. The Association also undertakes a regular health check of the economic and fiscal policies of its members. In addition, the IIMA identifies possible risks to the economic stability of its member countries and advises their governments on possible policy adjustments.


Capacity Development

The IIMA provides technical assistance and training to governments, including central banks, finance ministries, revenue administrations, and financial sector supervisory agencies. These capacity development efforts are centred on the IIMA's core areas of expertise ranging from taxation through central bank operations to the reporting of macroeconomic data. Such training also helps countries tackle cross-cutting issues, such as inequaltiy, gender equality, corruption and climate change.

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MEMBER COUNTRIES



A

X

Altera, United Commonwealths of



B

X



C

X



D

X

Dormill and Stiura, United Republics of



E

X



F

X



G

X



H

X



I

X



J

X



K

X



L

X



M

X



N

X

Nangelia, United Kingdom of

Najimam, Theocracy of



O

X



P

X



Q

X



R

X



S

X

Syrasia, Federative States of



T

X



U

X



V

X

Valhapia, Republic of



W

X



X

X



Y

X



Z

X



IIMA NEWS



DATA and RESEARCH



RawReport