Home > Terms > English (EN) > International Monetary Fund (IMF)
International Monetary Fund (IMF)
The IMF was established in 1946, with 39 members. In 2010, membership stood at 186 countries, which included all the major countries of the world. One of the newest members is Kosovo, which joined in 2009. Each member contributes to a pool of funds which are made available, under certain conditions, to countries that need temporary help. The United States, with the world's largest economy, contributes most to the IMF, providing about 17 percent of total quotas. Financial assistance is usually accompanied by requirements designed to get the recipients' economy onto a more secure footing. The goal of the IMF is to keep currencies stable so that financial weak spots do not unbalance the world economy or allow individual nations to go bankrupt.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Politics
- Category: Political Science
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Billy Morgan
Sports; Snowboarding
The British snowboarder Billy Morgan has landed the sport’s first ever 1800 quadruple cork. The rider, who represented Great Britain in the 2014 Winter Olympics in Sochi, was in Livigno, Italy, when he achieved the man-oeuvre. It involves flipping four times, while body also spins with five complete rotations on a sideways or downward-facing axis. The trick ...
Marzieh Afkham
Broadcasting & receiving; News
Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east Asia, the state news agency reported. It is not clear to which country she will be posted as her appointment has yet to be announced officially. Afkham will only be the second female ambassador Iran has had. Under the last shah’s rule, Mehrangiz Dolatshahi, a ...
Weekly Packet
Language; Online services; Slang; Internet
Weekly Packet or "Paquete Semanal" as it is known in Cuba is a term used by Cubans to describe the information that is gathered from the internet outside of Cuba and saved onto hard drives to be transported into Cuba itself. Weekly Packets are then sold to Cuban's without internet access, allowing them to obtain information just days - and sometimes hours - after it ...
Asian Infrastructure Investment Bank (AIIB)
Banking; Investment banking
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established to address the need in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects before 2020. Originally proposed by China in 2013, a signing ...
Spartan
Online services; Internet
Spartan is the codename given to the new Microsoft Windows 10 browser that will replace Microsoft Windows Internet Explorer. The new browser will be built from the ground up and disregard any code from the IE platform. It has a new rendering engine that is built to be compatible with how the web is written today. The name Spartan is named after the ...
Featured Terms
The Wayfarer
The Wayfarer is a Hieronymus Bosch painting. It is currently in Museum Boijmans Van Beuningen in Rotterdam. It is one of the fragments of a partially ...
Contributor
Featured blossaries
mailmeddd123
0
Terms
2
Blossaries
0
Followers
Top 20 Sites in United States
Browers Terms By Category
- General accounting(956)
- Auditing(714)
- Tax(314)
- Payroll(302)
- Property(1)
Accounting(2287) Terms
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- Cables & wires(2)
- Fiber optic equipment(1)
Telecom equipment(3) Terms
- Algorithms & data structures(1125)
- Cryptography(11)
Computer science(1136) Terms
- Organic chemistry(2762)
- Toxicology(1415)
- General chemistry(1367)
- Inorganic chemistry(1014)
- Atmospheric chemistry(558)
- Analytical chemistry(530)