IMF
Nations' financial backstop
The IMF is the International Monetary Fund, an organization of about 190 countries that works to stabilize the global financial system.
It provides emergency loans to countries facing economic crises, often with conditions requiring policy reforms.
The IMF imposed austerity measures as part of the bailout package.
Critics argue IMF interventions favor creditors over struggling populations.
Emergency aid preventing bankruptcy
- financial assistanceMonetary help for needs
- debt reliefReduction of obligations owed
- loanBorrowed money repaid later
- creditRecognition or payment deferral
austerity · conditionality · disbursement · tranche · sovereign debt · restructuring · repayment · interest rate
Global development finance institution
- WTOGlobal commerce regulator
- member countriesNations in an alliance
- quotaFixed assigned amount
- conditionalityState of being dependent
technical assistance · managing director · executive board · G20
Sound economic standing
- exchange rateCurrency conversion value
- currencyMedium of exchange
- balance of paymentsNation's international transaction record
- current accountBank account for regular transactions
capital account · liquidity · contagion · systemic risk · fiscal discipline
Systematic policy modernization
- poverty reductionDecreasing numbers below subsistence
- growthIncrease in size
- developing countriesNations with growing economies
- emerging marketsRapidly growing economies
technical assistance · aid · donor · infrastructure · liberalization · privatization · trade policy · investment climate
Ongoing observation of something
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- oversightSupervision or inadvertent omission
- reviewCritical written assessment
reporting · transparency · accountability · compliance · recommendations · early warning · risk assessment · financial sector
bailout
Emergency aid preventing bankruptcy
- financial assistanceMonetary help for needs
- debt reliefReduction of obligations owed
- loanBorrowed money repaid later
credit · austerity · conditionality · disbursement · tranche · sovereign debt · restructuring · repayment · interest rate · collateral
World Bank
Global development finance institution
- WTOGlobal commerce regulator
- member countriesNations in an alliance
- quotaFixed assigned amount
conditionality · technical assistance · managing director · executive board · G20
financial stability
Sound economic standing
- exchange rateCurrency conversion value
- currencyMedium of exchange
- balance of paymentsNation's international transaction record
current account · capital account · liquidity · contagion · systemic risk · fiscal discipline
economic reform
Systematic policy modernization
- poverty reductionDecreasing numbers below subsistence
- growthIncrease in size
- developing countriesNations with growing economies
emerging markets · technical assistance · aid · donor · infrastructure · liberalization · privatization · trade policy · investment climate
monitoring
Ongoing observation of something
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- oversightSupervision or inadvertent omission
review · reporting · transparency · accountability · compliance · recommendations · early warning · risk assessment · financial sector · capital flows
- global financefinancial hubs, central banks, capital flows, exchange rates, foreign exchange
- Economic Bodieseconomic council, finance ministry, treasury department, central bank, budget office
- international cooperationtreaties, trade blocs, trade deals, defense alliances, alliances
- International OrganizationsUN, EU, European Union, NATO, African Union
- agenciesOgilvy, FDA, travel agency, employment agency, news agency
- development financedevelopment projects, World Bank, IFC, debt financing, IDA
System prioritizing communal ownership
autarky · economic nationalism · protectionism · import substitution · state capitalism
international, monetary, money, fund, funds, funded, funding, intern, nation