IMF (International Monetary Fund)

Definition

The IMF is an international organization that aims to promote global economic stability and provide financial assistance to member countries facing economic crises.

Related terms

World Bank:

An international financial institution that provides loans and grants to developing countries for development projects.

Structural Adjustment Programs (SAPs): Economic policies imposed by the IMF on borrowing countries as conditions for receiving financial assistance.

Balance of Payments: A record of all economic transactions between one country and the rest of the world over a specific period.