IMF

( 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. Bloomberg Financial Dictionary

website: www.imf.org

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IMF IMF

ECONOMICS ORGANIZATIONS abbreviation for International Monetary Fund

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   International Monetary Fund. The IMF is a specialized agency of the United Nations that has a wide-ranging brief to oversee the international monetary system and to promote exchange rate stability and international trade. It provides funds to member countries with balance of payments problems, to support their policies of economic adjustment and reform. It is funded by subscriptions from member states whose drawing rights and voting powers are accordingly determined by their subscriptions.

   ■ www.imf.org ■

   ► See also Bretton Woods.

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IMF UK US noun

► FINANCE, ECONOMICS, GOVERNMENT ABBREVIATION for INTERNATIONAL MONETARY FUND(Cf. ↑International Monetary Fund): an international organization that checks on economic developments in member countries, encourages international trade, and helps and advises poorer countries or countries that are having economic problems: »

The IMF helps low-income countries by offering them loans at preferential rates in order to rebuild their economy.