Mains Paper II · 1 Indian Economy · 1.11 External sector

1.11.10 IMF: quotas, SDRs and lending facilities

The IMF, born at Bretton Woods in 1944, monitors the global monetary system and lends to members in balance of payments trouble, with a country's quota deciding its capital contribution, votes and borrowing limit.

  • APPSC Group 2 · Mains Paper II
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • IMF
  • Bretton Woods
  • quota
  • voting share
  • SDR
  • Stand-By Arrangement
  • Extended Fund Facility
  • Flexible Credit Line
  • Rapid Credit Facility
  • reserve tranche
  • conditionality
  • Article IV

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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