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The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
The accumulated funds may have their origin in, or may represent, foreign currency deposits, foreign exchange reserves, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other ...
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring in the Spring Meetings of the International Monetary Fund and the World Bank Group. Names of the two groups are alternated each year so a different one has top billing.
The last thing they need are new headwinds - for example, weaker trade or funding conditions. ... But as the International Monetary Fund signalled in its latest World Economic Outlook: "Brace for ...
There have been two occasions during which Iran used IMF funding. The first stand-by arrangement occurred on 18 May 1956 where the IMF approved a 17.50 special drawing rights (SDR) million loan package. Iran used the entirety of the offered loan. The second stand-by arrangement the IMF approved of for Iran occurred on October 10, 1960.
Ireland has been a member of the International Monetary Fund (IMF) since 1957, and has contributed to and drawn funds from the fund on occasion, most notably in 2010, when it received an international loan package of 22.5 billion euros to fund programmes to restore the banking system to health, and reduce budget deficits.
Ukraine became a member of the IMF and the World Bank on 3 September, 1992. [2] The IMF approved a $2.2 billion Extended Fund Facility (EFF) with Ukraine in September 1998. In July 1999, the three-year program was increased to $2.6 billion.