IMF Basics
What does IMF stand for
International Monetary Fund
What type of policies does the IMF promote to reduce deficits?
Austerity measures
How many member countries are in the IMF
190
Critics say IMF programs often cut spending on what?
Social services like education or healthcare
True or False — The IMF prints money for all members.
False
When was the IMF founded?
1944 (Bretton Woods Conference
What does “structural adjustment” mean?
Reforms required by the IMF in exchange for loans
Which region borrows most often from the IMF?
Developing countries
What’s one criticism of IMF’s “one-size-fits-all” policy?
It ignores country differences
What’s the IMF’s “sister” organization?
The World’s bank
Where is the IMF headquarters located?
Washington, D.C.
Give one example of a common IMF policy
Privatization, trade liberalization, or fiscal tightening
Name a Caribbean country that has received IMF assistance
Jamaica, Barbados, or Grenada
What are negative social effects of IMF policies sometimes called?
IMF riots or social unrest
Who is the current Managing Director of the IMF?
Kristalina Georgieva