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The IFS is the IMF’s principal statistical publication, covering numerous topics of international and domestic finance. It includes, for most countries, data on exchange rates, balance of payments, international liquidity, money and banking, interest rates, prices, etc. [2] Most annual data begins in 1948, quarterly and monthly data dates back to 1957, and most balance of payments data ...
The IMF is supported solely by its member states, while the World Bank funds its loans with a mix of member contributions and corporate bonds. Currently there are 185 Members of the IMF (as of February 2007) and 184 members of the World Bank. Members are assigned a quota to be reevaluated and paid on a rotating schedule.
So in effect this was a gold – dollar exchange standard. There were a number of improvements on the old gold standard. Two international institutions, the International Monetary Fund (IMF) and the World Bank were created. A key part of their function was to replace private finance as a more reliable source of lending for investment projects ...
The IMF also made upward revisions to its 2024 growth forecasts for India and China, which it now expects to expand by 7% and 5% respectively — up from forecasts of 6.8% and 4.6% in April.
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Monetary policy affects the economy through financial channels like interest rates, exchange rates and prices of financial assets. This is in contrast to fiscal policy , which relies on changes in taxation and government spending as methods for a government to manage business cycle phenomena such as recessions . [ 4 ]
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Abbreviation: IMF: Formation: 1 July 1944; 80 years ago (): Type: International financial institution: Purpose: Promote international monetary co-operation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties, prevent and assist with recovery from international financial crises [1]