Imf (Noun)
Meaning
A United Nations agency to promote trade by increasing the exchange stability of the major currencies.
Classification
Nouns denoting groupings of people or objects.
Examples
- The International Monetary Fund works closely with the World Trade Organization to achieve its objectives of global financial stability and economic growth.
- Established in 1944, the IMF plays a crucial role in international monetary and financial issues by providing loans and financial assistance to its member countries.
- To achieve the strategic objectives of global financial stability and economic growth, the IMF has consistently strengthened its lending facilities and programs to assist member countries in pressing need.
- As an agency of the United Nations, the IMF works closely with various organizations for improving international relations, conducting and coordinating research on global polices, and advancing trade cooperation.
- As determined by the Bretton Woods Agreement in 1944, the primary function of the IMF includes safeguarding the fixed exchange rates regime among major international currencies.