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Answered 2014-11-20 03:18:44

The International Monetary Fund extends credit and loans to countries for development projects. The Fund is able to keep with most of the demand for credit.

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What IMF fund was created to provide loans to poor member countries?

The IMF has created various loan facilities such as the Trust Fund to provide loans to its poorest member countries.

Does eritrea has credit on the imf?

Eritrea means East Africa countries so why not answer my question?

What is IMF code?

What is a imf code for UK bank

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Who is chairman of IMF?

Who is the Chairman of IMF

What are the Credit facilities provided by the commercial bank?

One credit facility provided by the commercial bank is revolving credit. Also included are term loans and letters of credit.

How did IMF acquire gold?

The IMF acquired the majority of its gold holdings prior to the Second Amendment through four main types of transactions.First, when the IMF was founded in 1944 it was decided that 25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold. This represents the largest source of the IMF's gold.Second, all payments of charges (interest on member countries' use of IMF credit) were normally made in gold.Third, a member wishing to acquire the currency of another member could do so by selling gold to the IMF. The major use of this provision was sales of gold to the IMF by South Africa in 1970-71.And finally, member countries could use gold to repay the IMF for credit previously extended.Source:

What are Non fund based limit?

The credit facilities given by the banks where actual bank funds are not involved are termed as 'non‑fund based facilities'. These facilities are divided in three broad categories as under: q Letters of credit q Guarantees q Co‑acceptance of‑bills/deferred payment guarantees. Units for the above facilities are also simultaneously sanctioned by banks while sanctioning other fund based credit limits like Cash Credit & Term Loan.

Who is head of the IMF?

Cristine Lagarde is head of the IMF.

Who is the CEO of imf?


What are IMF quotas?

IMF is the International Monetary Fund, which is an organization of several countries to facilitate economic growth. An IMF quota is the amount of money which each member country is required to give to the IMF.

Can I use it as a collateral for credit facilities?

Yes, most banks in Indonesia allow you to use the time deposit as a collateral for credit facilities or secured overdraft. Infact they offer great interest rates that can be extended automatically along with the principal.

What do you mean by retail credit?

A financing method which provides loan services to retail consumers for goods and services. Retail credit facilities lend funds to consumers wishing to purchase high ticket items but are short on capital. Thus, retail credit facilities may enable a greater number of consumers access to a retailer's goods. Retail credit facilities give the option of consuming now or consuming in the future. Higher interest rates may be acceptable to some consumers, depending on the consumers' unique consumption utilities. The risk of default is a factor that determines the interest rate that retail credit facilities charge.

Is Standby Letter of Credit always cash backed?

no, we can issue standby letter of credit to clients with such credit facilities. although it may be backed with trust receipt depending on the credit standing of the client. cbctsdp trainee

What has the author Azizah Talib written?

Azizah Talib. has written: 'The recent trends in agro-industrial credit facilities' -- subject(s): Agricultural credit, Agricultural industries, Credit, Finance

The capital of IMF is made up by contribution of the?

The capital of IMF is made up of

Who are the IMF shareholders?

IMF shareholders are the 184 member countries of the developing world.

All imf shareholders are?

All IMF share holders are in the developing world.

When did the IMF start?

IMF was started after the Second World War ends at 1944

What is the strongest IMF in hydrazine N2H2?

The strongest IMF Hydrazine has is Hydrogen bonds.

How many credit cards should one person hold?

One, it is more than enough as the more credit facilities we have, we tend to spend more.

What has the author Paul Seibert written?

Paul Seibert has written: 'Credit union facility planning' -- subject(s): Credit union facilities, Planning

Difference between funded and non-funded credit facilities?

fund based facilities includes cash credites, bill discounting, overdraft and term loan

Does Hungary's government have a lot of money?

No, Hungary has been badly hit by the 'credit crunch' and the Hungarian government has recently received help on a substantial scale from the IMF.

What does the acronym or abbreviation IMF stand for?

The acronym IMF stands for the International Monetary Fund.