Business, Legal & Accounting Glossary
a United Nations agency to promote trade by increasing the exchange stability of the major currencies
An organization set up in 1944 to lower trade barriers between countries and to stabilize currencies by monitoring the foreign exchange systems of member countries, and lending money to developing nations.
The IMF, or International Monetary Fund, was conceived at the Bretton Woods UN conference in July 1944. The purpose of the IMF is to promote the health of the world economy. The IMF pursues this aim through a focus on monetary policies and activities that promote international cooperation, expansion of international trade, and stability of foreign exchange rates. The IMF also provides technical assistance to governments that need help creating better policies, and lends funds in the event of a financial crisis. In addition, the IMF works to alleviate poverty. The IMF is funded by a quota system of contributions from its members. The United States has by far the largest IMF quota. IMF quotas are reviewed every five years. Today, the majority of the world’s countries participate in the IMF. The IMF is headquartered in Washington, DC.
You need to understand how the IMF works so that you can maybe use it to your advantage at times.
Me and my friend studied the Imf and realized they were a pretty old company that had been around since 1944.
The IMF did not provide loans to Pakistan because they were not satisfied with the structural steps being taken by the Finance Ministry to solve managerial and technical issues with the tax collection system.
International Monetary Fund
International Trade Organization
SDR
IMF Primary Commodity Prices Index
article 8 currency
compensatory financing
General Arrangements to Borrow
Bretton Woods agreement
Group of Ten
IMF Primary Commodity Prices Index
Mercato Italiano Futures (IMF)
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This glossary post was last updated: 5th November, 2021 | 0 Views.