IMF

IMF Basics

100

What does IMF stand for

International Monetary Fund

200

When was the IMF founded? 

1944 (Bretton Woods Conference

300

Where is the IMF headquarters located?

Washington, D.C.

Policy Prescriptions

100

What type of policies does the IMF promote to reduce deficits?

Austerity measures

200

What does “structural adjustment” mean?

Reforms required by the IMF in exchange for loans

300

Give one example of a common IMF policy

Privatization, trade liberalization, or fiscal tightening

Member Countries

100

How many member countries are in the IMF

190

200

Which region borrows most often from the IMF? 

Developing countries

300

Name a Caribbean country that has received IMF assistance

Jamaica, Barbados, or Grenada

Controversies

100

Critics say IMF programs often cut spending on what? 

Social services like education or healthcare

200

What’s one criticism of IMF’s “one-size-fits-all” policy? 

It ignores country differences

300

What are negative social effects of IMF policies sometimes called?

IMF riots or social unrest

Fun facts

100

True or False — The IMF prints money for all members.

False

200

What’s the IMF’s “sister” organization?

The World’s bank

300

Who is the current Managing Director of the IMF?

Kristalina Georgieva