| 单词 | International Monetary Fund |
| 释义 | International Monetary Fund = (IMF) An agency of the United Nations, founded in 1946 to promote international monetary stability and co-operation. The IMF is financed by quota subscriptions from member countries, partly in gold or convertible currencies and partly in their own currencies. It was intended to promote international trade through encouraging stable exchange rates and providing additional international liquidity to enable countries to avoid the need for trade restrictions and exchange controls. It administered a system of pegged exchange rates, the Bretton Woods system, until this collapsed in 1971. It has also made loans to countries with balance-of-payments problems. Extra liquidity was provided by the introduction of Special Drawing Rights (SDRs) after 1970, and various special facilities have been introduced since. Since the 1980s IMF loans have been mainly to less developed country (LDC) members. The IMF organizes regular meetings to discuss world monetary problems, and provides specialist advice on their balance-of-payments problems to members needing loans, sometimes making these conditional on at least part of this advice being accepted. |
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