(ECONOMICS) international bank created after World War 2 to coordinate currency stabilization. Main policy tool consists of lending money to central bank of countries facing a liquidity crisis.
In some cases, as when a member government is insolvent, the IMF will impose a structural adjustment program (SAP) requiring the government to jettison programs it has to serve the poor. For this reason, the IMF is often harshly criticized.
In some cases, as when a member government is insolvent, the IMF will impose a structural adjustment program (SAP) requiring the government to jettison programs it has to serve the poor. For this reason, the IMF is often harshly criticized.
It is often said that the International Monetary Fund makes economic crises worse by imposing the same austerity program everywhere, thereby further reducing a member state's ability to pay its sovereign debt.
(Another way of putting this is that the IMF's policies are pro-cyclical
(Another way of putting this is that the IMF's policies are pro-cyclical
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Get the international ganja day mug.A man whose tremendous wealth, social position, grooming, and worldleness allow him to pursue pleasurable social, cultural, and athletic hobbies or pasttimes, rather than employment.
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the cause of the first world war.
the cause of the first world war.
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Also known as: July
Also known as: July
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