International Monetary Fund (IMF)
Global institution promoting financial stability and offering monetary cooperation.
Detailed Description
International Monetary Fund (IMF)
What is the primary role of the IMF?
The primary role of the IMF is to ensure the stability of the international monetary system.
When was the IMF established?
The IMF was established in 1944 during the Bretton Woods Conference.
How does a country become a member of the IMF?
Membership in the IMF is open to any country that subscribes to its purposes and policies.
What are Special Drawing Rights (SDRs)?
SDRs are an international reserve asset created by the IMF to supplement member countries' official reserves.
What is conditionality in the context of the IMF?
Conditionality refers to the specific economic policies or reforms that borrowing countries must implement to receive financial assistance.