International Monetary Fund
- noun
- /ˌɪntəˈnæʃənl ˈmʌnɪtəri fʌnd/
- For several decades, the World Bank and the International Monetary Fund (IMF) have been mandating and enforcing these conditions.
- International Monetary Fund (IMF)
- International Monetary Fund loans
- International Monetary Fund report
And they have to subject themselves to the International Monetary Fund and the World Bank saying, you know, we're going to withdraw credit from you.
- And they have to subject themselves to the International Monetary Fund and the World Bank saying, you know, we're going to withdraw credit from you.
Examples
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Angola's membership in the International Monetary Fund (IMF) was accepted on 12 June 1986.
Academic text (1992) -
In the face of the Eurozone crisis, the International Monetary Fund is demanding a massive austerity program.
Blog text (13) -
I was at the world meetings of the International Monetary Fund in Washington last fall.
Academic text (1999) -
According to the International Monetary Fund, China will become the planet's leading economy in the year 2016.
Academic text (2011) -
Two recent reports by the International Monetary Fund were equally silent on the topic.
Academic text (2012) -
The forecast is broadly in line with what the International Monetary Fund predicts.
Blog text (3) -
Algeria faced enormous pressure from the International Monetary Fund and private banks to cut government spending and privatize state enterprises.
Academic text (1995) -
In Vietnam's early 1992 quest for admission to the International Monetary Fund, for example, the United States effectively vetoed the application.
Academic text (1992) -
Indeed, the International Monetary Fund (IMF) commended Israel's economic performance and expressed confidence in its long-term viability.
Academic text (2013) -
The government is negotiating a new loan agreement with the International Monetary Fund to help stabilize the economy.
Synonyms
An international organization that lends money to countries and gives advice about their economy
How Big
- Specialized
- Specialized
Surface Forms
Morphology
international + monetary + fund
The meaning is directly compositional: 'international' (between countries) + 'monetary' (relating to money) + 'fund' (a pool or organization of money) yields an international organization or pool dealing with money and financial matters. This construction is cross-linguistically common, so a B1 learner who knows the three words would grasp the basic institutional/financial sense even if they lack detailed knowledge of its specific functions.
Etymology
International Monetary Fund comes from a simple idea: International means 'many countries', Monetary means 'money', and Fund means a 'shared pot' of money that countries can use to help each other with money problems. That's why today the International Monetary Fund is an organization that lends money and gives advice to countries to keep their finances steady.