International Monetary Fund
Definition of 'International Monetary Fund'
The I.M.F. is a multilateral organization set up in 1944 by the Allies to help support currencies and trade flows after World War II. Based in Washington D.C., the I.M.F. receives funds from member nations that are then lent to countries that need financial help. The loans, often disbursed in several tranches, are contingent on the borrowers carrying out economic policies favored by the I.M.F.This often leaves the I.M.F. vulnerable to criticisms from two camps: those who think its loan conditions are too tough and those who say they are too weak.
Articles Related to 'International Monetary Fund':
The International Monetary Fund just hired Harvard University's Gita Gopinath as its new chief economist. She will be the first woman to lead its economic research department so we figured it's high-time you know what the IMF even does. Give us 60 seconds and we'll tell you.
By Tracy Byrnes | 10/08/18 - 08:10 AM EDT
External Imbalances In World's Key Economies Pose Risks To Global Stability, International Monetary Fund Says
By South China Morning Post | 07/24/18 - 12:01 PM EDT