Week 5: IMF (International Monetary Fund) Flashcards
What does the IMF do?
The IMF fosters international stability by offering policy advice, financial assistance, and capacity development
What are the 3 missions of the IMF?
- furthering international monetary cooperation
- encouraging the expansion of trade and economic growth
- discouraging policies that would harm prosperity.
What are SDRs (Special Drawing Rights)
An international reserve asset
How are SDRs (Special Drawing Rights) generally allocated?
The IMF distributes SDRs to member countries in proportion to their quota shares at the IMF
How many member countries does the IMF have?
190 member countries
What are the goals of the International Monetary Fund (IMF)?
Macroeconomic, global exchange rates, and financial stability
Helping people in developing countries
Decrease poverty rates and increase trade
Ensure a fair distribution of resources between upper and lower classes
Macroeconomic, global exchange rates, and financial stability
What are the goals of the World Bank?
Lending money to the poor
Providing financial advice and loans to the world
Economic development and poverty reduction
Reduction of tariffs and encouragement of liberalization
Economic development and poverty reduction
T/F? The World Bank and the International Monetary Fund are opposing organizations.
False
What areas do the World Bank and the International Monetary Fund collaborate on?
Country assistance and policy issues
Healthy human relationships
Enriching the strong countries
Enriching private enterprises
Country assistance and policy issues
When was the International Monetary Fund and World Bank established?
1945
1934
1967
1944
1944
How is the IMF NOT Funded? (IMF FACTSHEET)
Member Quotas
Credit Arrangements
Tax Revenues of Member Countries
Bilateral Borrowing Agreements
Tax Revenues of Member Countries
