These indicators measure a country s implementation of conditions agreed to under the country s IMF program. The practice of making IMF resources available to its members in installments over the period of an arrangement. The process of transferring, selling or divesting government or state-owned companies or assets to private ownership. There is much debate about what kinds of goods and services should be publicly owned or administrated versus private. A government s holdings of foreign exchange, usually held by the central bank.
Speculative investment tends to be short-term and volatile.
Activity and duty given to the IMF to monitor and evaluate countries macroeconomic performance and policies. IMF member countries are obligated to provide the IMF with the information necessary to carry out its surveillance tasks. A system of taxes on exports or imports. The ratio between the average price of a country s exports and the average price of that same country s imports, expressed as an index. The terms of trade show, in general terms, how much a country can buy abroad for each unit of exports it sells.