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The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
The IMF Stand-By Arrangement (SBA) is an economic program of the International Monetary Fund (IMF) involving financial aid to a member state in need of financial assistance, normally arising from a financial crisis. In return for aid, the economic program stipulates needed reforms in the recipient country aimed at bringing it back on a path of ...
SMA – Separately Managed Account; SME – Small and Medium Enterprises; SOHO – Small office/home office; SOP – Standard operating procedure; SOW – Statement of Work; SOX – Sarbanes-Oxley; SPP – Systematic Payment Plan; SROI – Social return on investment; SSN – Social Security Number; Stg – Sterling, the currency of the United ...
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IMF International Monetary Fund: Specialised agency of the UN: Washington, D.C. 1944: IBRD International Bank for Reconstruction and Development: World Bank Group, Specialised agency of the UN: Washington, D.C. 1956: IFC International Finance Corporation: World Bank Group: Washington, D.C. 1960: IDA International Development Association: World ...
The Joint Statement would eventually become the Articles of Agreement of the IMF, which outline its structure, its key functions, and the duties of its member countries. Under White's leadership, the American delegation to the Bretton-Woods Conference cemented the US's role in charting the future of the IMF.
Witnessing the failure of completion, the Paris Club adjusted requirements for loan forgiveness, announcing that the second stage (the additional 20%) of loan reduction would be awarded upon the success of an additional IMF program in 1993. [7] Poland entered a year-long IMF Stand-By Arrangement (SBA) of loan sum SDR 476 million. [6]
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