IMF

• What was the original purpose of the International Monetary Fund (IMF)?

  To stabilize exchange rates between developed states
• What does the IMF do today?


  It provides loans to states in economic difficulty
• What organization took over Greece to address the debt crisis?

  IMF
• How much debt relief did the IMF provide to Greece?

  €100 billion
• What is one argument in favor of the IMF's intervention?

  It can improve prosperity in extreme situations
• What percentage of debt relief did the IMF provide to Zambia in 2014?


  10%
• What is the main focus of the International Monetary Fund (IMF)?

  Global economic stability and support
• What are the three main functions of the IMF?

  Highlight threats, issue loans, provide advice
• How much did the IMF provide in emergency loans during the Covid-19 pandemic?

  $306 billion
• What is a major criticism of the IMF's loans?

  They often require market reforms
• What is a key issue with the voting rights in the IMF?

  The USA has a dominant share
• What is the impact of the Covid-19 pandemic on the IMF's lending?

  It increased emergency loans significantly
• What is the significance of the IMF's conditional loans?

  They often harm poorer members of society
• What is the impact of the USA's dominance in the IMF?

  It creates an imbalance in representation
• What is the significance of the IMF's conditional loans?

  They often harm poorer members of society
• What are the main functions of the IMF?

  • Foster global monetary cooperation
  • Secure financial stability
  • Facilitate international trade
  • Promote high employment and sustainable economic growth
  • Reduce poverty around the world
• How many members does the IMF currently have?

  190 members
• When was the International Monetary Fund (IMF) established?

  1944
• What is the primary purpose of the IMF?

  To promote international monetary cooperation
• Where is the IMF headquartered?

  Washington, D.C.
• How many member countries are in the IMF?

  189
• What are the key functions of the IMF?

  Surveillance, financial assistance, technical assistance
• What does the IMF's surveillance function involve?

  Monitoring the global economy and providing policy advice
• What type of financial assistance does the IMF provide?

  Lending to member countries facing balance of payments problems
• What is meant by "conditionalities" in IMF loans?

  Loans come with conditions related to economic policies
• What was a significant event related to the IMF in 2008?

  The IMF missed the financial crash warning signs
• What does it mean when a country has "more money going out than coming in"?

  It indicates a balance of payments problem
• What is a freely floating exchange rate?

  An exchange rate determined by market forces
• How much bailout did the IMF approve for Sri Lanka?

  $3 billion
• What funding deal did Pakistan reach with the IMF?

  $3 billion rescue funding deal
• What is a criticism of the IMF regarding government spending?

  It reduces government spending to recover
• What is a concern related to Russia and the IMF?

  Russia not paying back loans
• What is meant by "global moral hazard" in the context of the IMF?

  Risk that countries take excessive risks due to IMF support
• What is the implication of having "no higher power" in the context of the IMF?

  There is no ultimate authority overseeing the IMF
• What is the role of the IMF in facilitating balanced growth of international trade?

  It promotes policies that enhance trade stability
• How does the IMF provide technical assistance to member countries?

  By offering expertise and training in economic policies
• Why is promoting exchange rate stability important for the IMF?

  It helps maintain economic stability and trade balance
• What impact can IMF financial support have on a country's economic policies?

  It can lead to significant policy changes and reforms
• What are the implications of criticisms regarding the IMF's influence over national policies?

  It raises concerns about sovereignty and economic autonomy
• What does IMF stand for?

  International Monetary Fund