We are headed in the wrong direction.— George Glynos, ETM Analytics
The International Monetary Fund (IMF) is an global institution of 189 countries “working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money.
What is an IMF bailout?
- Will South Africa need one?
The Money Show’s Bruce Whitfield interviewed ETM Analytics economist George Glynos.
Listen to the interview in the audio below.
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