International Monetary Fund
- International Monetary Fund
(IMF)
The IMF was established by 44 countries at the Bretton Woods Conference in July 1944 and came into effect on 27 December 1945. It was intended to prevent a recurrence of the international economic instability of the 1930s by encouraging international monetary cooperation and the maintenance of exchange rates. The fund was established to provide aid to enable countries to maintain the value of their currencies in times of crisis. It commenced operations in 1946 with around $8 billion in funds from member nations. A weighted voting system that allocated votes according to the size of each country’s contribution gave the United States the largest voting share.
The Soviet Union refused to join the IMF, but after Soviet collapse in the 1980s, the IMF played a major role in distributing Western aid to Russia and other former eastern bloc countries. The IMF was also instrumental in the post-Cold War era for the financial rescue of Mexico in 1994 and 1995 and handling of the Asian economic crisis of 1998. As of 2007 the IMF had 185 members.
Historical Dictionary of the Roosevelt–Truman Era .
Neil A. Wynn .
2015.
Look at other dictionaries:
International Monetary Fund — n. an international organization, established by the United Nations, to promote monetary cooperation, international trade, and exchange stability and to help equalize balance of payments by allowing members to draw from its fund … English World dictionary
International Monetary Fund — (IMF) An international organisation founded in 1944 to promote international monetary co operation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial … Law dictionary
International Monetary Fund — [ɪntə næʃnl mʌnɪtərɪ fʌnd], Abkürzung IMF [aɪem ef], der Internationale Währungsfonds … Universal-Lexikon
International Monetary Fund — International Monetary .Fund n the ↑IMF … Dictionary of contemporary English
International Monetary Fund — an international organization that promotes the stabilization of the world s currencies and maintains a monetary pool from which member nations can draw in order to correct a deficit in their balance of payments: a specialized agency of the… … Universalium
International Monetary Fund — Infobox Central bank bank name = bank name in local = International Monetary Fund image 1 = IMF.png image title 1 = IMF member states in green headquarters = Washington, D.C., USA president = Dominique Strauss Kahn leader title = Managing… … Wikipedia
International Monetary Fund — An organization founded in 1944 to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short term balance of payment problems. The New York Times Financial Glossary ( IMF) An organization… … Financial and business terms
International Monetary Fund — Hauptsitz des IWF in Washington D. C. Der Internationale Währungsfonds (Kürzel IWF bzw. IMF von englisch International Monetary Fund) ist eine Sonderorganisation der Vereinten Nationen. Er ist eine Schwesterorganisation der … Deutsch Wikipedia
International Monetary Fund, the — International Monetary ,Fund, the the IMF … Usage of the words and phrases in modern English
International Monetary Fund — IMF An international organization established in 1947 to enhance stability and convertibility in the international monetary system. The Fund assists any member experiencing short term balance of payments difficulties by supplying the amount of… … Big dictionary of business and management
International Monetary Fund — IMF A specialized agency of the United Nations established in 1947 to promote stability and convertibility in the international monetary system. The Fund assists any member experiencing short term balance of payments difficulties by supplying the … Accounting dictionary
