IMF Flashcards

1
Q

When was the IMF founded

A

1944

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2
Q

What is the IMF

A

An organisation working to gain monetary cooperation, secure financial stability, facilitate international trade, high employment and sustainable economic growth and reduce poverty

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3
Q

What is the lending capacity of the IMF

A

$750bn

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4
Q

Key roles for the IMF

A
  • promote the international co-operation
  • international trade
  • balanced growth of international trade
  • exchange stability
  • resources available to all
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5
Q

What does the world bank compromise

A

2 institutions managed by 188 countries

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