THE IMF PROGRAMS: COUNTRIES’ EXPERIENCES AND THE IMPLICATIONS AND PROSPECTS FOR UKRAINE
Journal: Herald of Ternopil National Economic University
Year: 2017

The IMF is the world’s leading institution for promoting global economic and financial stability. Unlike other IFI’s, the Fund isn’t an ordinary lending institution. The IMF holds a pool of member-countries’ currencies and an amount of its own foreign reserves and uses this money to provide credit to members when they face economic and financial difficulties or expect them in the near future. A country contributes to the Fund according to a quota based mainly on its relative position in the worl