International monetary fund’s lending activity towards the global financial crisis Cover Image

Aktywność pożyczkowa MFW wobec globalnego kryzysu finansowego
International monetary fund’s lending activity towards the global financial crisis

Author(s): Marek Wróblewski
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: International Monetary Fund; IMF crisis lending; IMF lending instruments; IMF aid instruments; IMF response to the global financial crisis

Summary/Abstract: International Monetary Fund (IMF) has been playing a very important role in the stabilization and recovery processes during the ongoing global financial crisis between 2008 and 2013. It seems that the lending activity of the institution was the most important for countries experiencing different forms of economic distress. IMF trying to meet its strategic goals and mission has been using an extended kinds of lending instruments in order to adjust financial support to the beneficiaries’ needs. Furthermore IMF had to increase the total value of its financial resources to meet a high demand for lending instruments and reformed available credit tools to be more efficient as a “lender of last resort”. As a consequence the main research aim of the presented paper is an attempt to characterize the most important and crucial aspects of the IMF lending activity during the crisis, in particular to present and analyze currently used financial instruments and the scale of the IMF lending operations (in terms of geographical and value scope).

  • Issue Year: 2013
  • Issue No: 315 vol 2
  • Page Range: 401-412
  • Page Count: 12
  • Language: Polish