- •Unit 7 international monetary system
- •International monetary institutions
- •Imf's support for russian reforms
- •Vocabulary list
- •Exercises
- •Make your own sentences with any five word combinations from (b) and (c).
- •Match the verbs from (a) with the nouns from (b) below:
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the imf was set up.
- •International Monetary Fund
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the organization was set up. Your Partner ebrd
- •Fiftieth Anniversary of the Bretton Woods Conference
- •Sum up the text in 5-7 sentences and present your summary in class.
- •Describe the World Bank's activities. Say how they differ from those of the imf.
- •World Bank - International Bank for Reconstruction and Development (ibrd)
- •Discussion
- •Fiscal Issues Are a Growing Concern of the imf
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Some Facts About the sdr
Exercises
Ex. 1. Answer these questions:
A. 1. In what ways are individuals affected by international monetary developments?
What is the international monetary system?
What is the international monetary system concerned with?
What are the international monetary relations governed by?
What are the major international monetary institutions?
Is the international monetary system afflicted with problems?
B. 1. What facility has been granted to Russia?
2. What is characteristic of all adjustment programmes supported by the IMF? ,
3. What safeguards have been built into the Russian programme to eliminate its risks?
Does the IMF take into account political developments in the countries it supports?
Has the EFF been granted to Russia on exceptionally favourable terms?
Ex. 2. Give derivatives of:
exaggeration n |
development n |
worker n |
investor n |
influence n |
dependence n |
participate v |
reconcile v |
maintain v |
establish v |
advise v |
provision n |
stability n |
authority n |
adjust v |
experience v |
support v |
treatment n |
addition n |
emerge v |
Eх. 3. Say in a few words what the main text is about.
Ex. 4. Sum up the content of the main dialogue.
Ex. 5. Work on vocabulary and grammar.
a) Study the key words of the unit in the dictionary at the back of this book:
adjustment, balance of payments, exchange rate, trade, parity, disequilibrium;
b) Think of the verbs that are most commonly used with:
payments, transaction, monitoring, inflation, project, misadjustments, balance, subscription, loans, fiscal issues;
c) Think of the nouns that are most often used with:
to govern, to set up, to found, to establish, to negotiate, to support, to correct, to assist, to draw, to maintain, to relieve, to consult, to repay, to envisage, to stipulate, to specify;
Make your own sentences with any five word combinations from (b) and (c).
Match the verbs from (a) with the nouns from (b) below:
a) |
to address |
b) |
export controls |
|
to affect |
|
individuals |
|
to provide |
|
relationships |
|
to define |
|
interests |
|
to reconcile |
|
accounts |
|
to impose |
|
impact |
|
to strengthen |
|
benefits |
|
to adjust |
|
functions |
|
to settle |
|
problems |
f) Write out from the main text international words like investor, channel, role, etc. Transcribe them and read aloud.
Ex. 6. a) Supply the articles where necessary.