International Monetary Fund

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/international-monetary-fund

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the founding date?December 27, 1945, following the Bretton Woods Agreement of 1944
2. What is the primary financial instrument?Special Drawing Rights (SDRs), an international reserve asset
3. What is the IMF and why was it created?The IMF is a group of countries that help each other with money. It was created after World War II to keep the world’s money system stable and to help countries trade more easily.
4. How does the IMF help a country that is having money problems?When a country can’t pay its bills, the IMF can give it a loan to help. The loan comes with rules that the country follows to fix its economy.

Conditionality: Economic policy conditions imposed by the IMF on countries receiving financial assistance.
Surveillance: The IMF's ongoing monitoring and assessment of member countries' economic and financial policies.
Quotas: Financial contributions by member countries that determine their voting power and borrowing limits.
Capital Outflow: The movement of financial assets and investments out of a country.