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The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring in the Spring Meetings of the International Monetary Fund and the World Bank Group. Names of the two groups are alternated each year so a different one has top billing.
The International Monetary Fund ( IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. [ 1]
Dominique Gaston André Strauss-Kahn ( French pronunciation: [dɔminik stʁos kan]; born 25 April 1949), also known as DSK, [ 1] is a French economist and politician who served as the tenth managing director of the International Monetary Fund (IMF), and was a member of the French Socialist Party. He attained notoriety due to his involvement in ...
Pakistan has been plagued by boom-and-bust cycles for decades, leading to more than 20 IMF bailouts since 1958. It is currently the IMF's fifth-largest debtor, owing $6.28 billion as of July 11 ...
Olivier Jean Blanchard (French: [blɑ̃ʃaʁ]; born December 27, 1948) [17] is a French economist and professor. He is serving as the Robert M. Solow Professor Emeritus of Economics at the Massachusetts Institute of Technology and as the C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics.
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
Sharif government went to IMF on urgent basis for the first time and reached an agreement to get two amounts of US$265,370 (equivalent to $503,675 in 2023) and US$113,740 (equivalent to $215,880 in 2023) on October 20, 1997. [3] On 29 November 2000, an amount of US$465,000 (equivalent to $822,713 in 2023) was drawn as standby arrangement. [5]