International Monetary Fund (IMF)

Definition

The IMF is an international organization that provides financial assistance, policy advice, and technical expertise to its member countries during times of economic crisis.

Related terms

Financial Assistance: This refers to monetary support provided by organizations like the IMF to help countries overcome balance-of-payment problems or other financial difficulties.

Policy Advice: It involves recommendations given by institutions like the IMF on fiscal policies (taxation/spending) and monetary policies (interest rates/money supply) that can contribute to stable economic growth.

Economic Crisis: This term describes a severe downturn in an economy characterized by high unemployment rates, inflationary pressures, currency devaluation, and other negative economic indicators.