| 单词 | International Monetary Fund |
| 释义 | International Monetary Fund = IMF An international organization set up by the Bretton Woods Conference and established in 1947. Its remit is to enhance stability and convertibility in the international monetary system. The Fund assists members by supplying the amount of foreign currency it wishes to purchase in exchange for the equivalent amount of its own currency. The member repays this amount by buying back its own currency in a currency acceptable to the Fund, usually within three to five years. High levels of borrowing are conditional on the implementation of IMF suggested policies for a country. The Fund is financed by subscriptions from its members, the amount determined by an estimate of their means.International liquidity was enhanced by its creation of special drawing rights in 1970. Voting power is related to the amount of the subscription - the higher the contribution the higher the voting rights. The head office of the IMF is in Washington. See also: |
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