IMF Flashcards
1
Q
What type of institution is the IMF?
A
UN specialized agency
2
Q
IMF objectives?
A
- international financial cooperation
- monetary stability (balance of payments)
3
Q
How does the IMF achieve its objectives:
A
- large scale credits (bailouts) to member states
- exchange rates -> BoP correction
- technical assistance
- financial assistance
- research
4
Q
Who is the IMF often cooperating with?
A
WB
5
Q
WB and IMF voting shares
A
US has highest voting shares due to highest contributions -> de facto veto
6
Q
Compliance:
A
- high loan repayment compliance
- due to prior negotiations of 1. amount of loan, 2. expected repayment debt 3. set of criteria to judge country’s progress
- no enforcement tho
