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IMF
(International Monetary Fund)
The IMF (International Monetary Fund) is a 190-country organization providing financial assistance (e.g., $1T lending capacity) and policy advice to stabilize economies. Known for bailouts with strict reforms ("austerity measures").
During crises (e.g., Argentina's $57B loan in 2018), the IMF demands fiscal discipline (tax hikes, subsidy cuts). SDRs (Special Drawing Rights) supplement member reserves ($650B allocated in 2021). The WTO collaborates on trade finance, while clashes with the ECB occur over eurozone crisis responses. Critics argue IMF policies favor creditors over citizens (e.g., Greek pension cuts). Emerging markets rely on IMF programs during currency collapses.
During crises (e.g., Argentina's $57B loan in 2018), the IMF demands fiscal discipline (tax hikes, subsidy cuts). SDRs (Special Drawing Rights) supplement member reserves ($650B allocated in 2021). The WTO collaborates on trade finance, while clashes with the ECB occur over eurozone crisis responses. Critics argue IMF policies favor creditors over citizens (e.g., Greek pension cuts). Emerging markets rely on IMF programs during currency collapses.