International Monetary Fund

International Monetary Fund
An international organization established in 1947 to enhance stability and convertibility in the international monetary system. The Fund assists any member experiencing short-term balance of payments difficulties by supplying the amount of foreign currency it wishes to purchase in exchange for the equivalent amount of its own currency. The member repays this amount by buying back its own currency in a currency acceptable to the Fund, usually within three to five years. High levels of borrowing are conditional on the implementation of IMF suggested policies for a country. The Fund is financed by subscriptions from its members, the amount determined by an estimate of their means. Voting power is related to the amount of the subscription. The head office of the IMF is in Washington. See also conditionality

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  • International Monetary Fund — n. an international organization, established by the United Nations, to promote monetary cooperation, international trade, and exchange stability and to help equalize balance of payments by allowing members to draw from its fund …   English World dictionary

  • International Monetary Fund — (IMF) An international organisation founded in 1944 to promote international monetary co operation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial …   Law dictionary

  • International Monetary Fund —   [ɪntə næʃnl mʌnɪtərɪ fʌnd], Abkürzung IMF [aɪem ef], der Internationale Währungsfonds …   Universal-Lexikon

  • International Monetary Fund — International Monetary .Fund n the ↑IMF …   Dictionary of contemporary English

  • International Monetary Fund — an international organization that promotes the stabilization of the world s currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments: a specialized agency of the… …   Universalium

  • International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… …   Wikipedia

  • International Monetary Fund — An organization founded in 1944 to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short term balance of payment problems. The New York Times Financial Glossary ( IMF) An organization… …   Financial and business terms

  • International Monetary Fund — Hauptsitz des IWF in Washington D. C. Der Internationale Währungsfonds (Kürzel IWF bzw. IMF von englisch International Monetary Fund) ist eine Sonderorganisation der Vereinten Nationen. Er ist eine Schwesterorganisation der …   Deutsch Wikipedia

  • International Monetary Fund, the — International Monetary ,Fund, the the IMF …   Usage of the words and phrases in modern English

  • International Monetary Fund — IMF A specialized agency of the United Nations established in 1947 to promote stability and convertibility in the international monetary system. The Fund assists any member experiencing short term balance of payments difficulties by supplying the …   Accounting dictionary

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