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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.
According to International Monetary Fund, "revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20).
The IMF Stand-By Arrangement (SBA) is an economic program of the International Monetary Fund (IMF) involving financial aid to a member state in need of financial assistance, normally arising from a financial crisis. In return for aid, the economic program stipulates needed reforms in the recipient country aimed at bringing it back on a path of ...
The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start ...
The Catastrophe Containment and Relief Trust is a bailout fund of the International Monetary Fund. [1] History. On 13 April, ...
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang.Because of these factors, the International Monetary Fund (IMF) and the World Bank have classified them as eligible for special assistance.
Educational grants are provided to support students and educational institutions. These can be merit-based, need-based, or designated for specific fields of study. The Fulbright Program, which offers grants for international educational exchange, and the National Institutes of Health (NIH) grants for biomedical research are prominent examples.
Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and 715,230,000 SDR's being withdrawn.
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