2. Match synonyms:

1. austere ( )	a) to encourage
2. to foster ( )	b) severe
3. aid ( )	c) to increase
4. to boost ( )	d) help
5. deliberation ( )	e) discussion
6. to tackle ( )	f) to overcome
7. to disburse ( )	g) to insist
8. turmoil ( )	h) fundamental
9. to maintain ( )	i) to pay (out)
10. primary ( )	j) disturbance

3. Decipher the words in brackets and fill in the blanks:

1. The International Monetary Fund is the (retinvogernnemalt) __________ organization that oversees the global financial system by following the (oramcocemonci) _________ policies of its member countries.

2. It is an organization formed with a stated objective of stabilizing international exchange (tarse) _________ and facilitating development through the (rofnemcenet) _________ of liberalizing economic policies on other countries as a condition for loans, restructuring or aid.

3. It also offers highly (velaredge) __________ (sanol) __________, mainly to poorer countries.

4. The primary (nosisim) __________ of the IMF is to provide financial (tsisascean) __________ to countries that experience serious financial and economic difficulties.

5. IMF policies have been repeatedly criticized for making it difficult for (deednitb) __________ countries to avoid ecosystem – damaging projects that generate cash flow, in particular oil, coal and forest – destroying (bmuerl) __________ and agriculture projects.

4. Match elements from the two columns to form new words:

1. incept-	-ly
2. auster-	-put
3. amend-	-ibrium
4. bud-	-er
5. bail-	-ary
6. liberal-	-charge
7. emphas-	-ence
8. miti-	-ion
9. independ-	-gate
10. in-	-ity
11. blund-	-is
12. sur-	-ment
13. monet-	-out
14. equil-	-get
15. current-	-ization

5. Match elements from the two columns to form correct noun phrases, translate them into Ukrainian and make up sentences:

1. monetary ( )	a) economy
2. fiscal ( )	b) matters
3. gold ( )	c) growth
4. price ( )	d) banks
5. balanced ( )	e) package
6. bailout ( )	f) standard
7. poverty ( )	g) reduction
8. free ( )	h) austerity
9. investment ( )	i) market
10. global ( )	j) stability

6. Fill in the blanks with the following words: economy, poverty, charge, turmoil, reform, contributions, tackle, deliberations, boost, reserves.

1. The IMF is urgently discussing ways to make itself more representative of the new world order where developing countries make up nearly half of the world __________.

2. Such __________ is needed to convince countries that the world economy is being run in their interests.

3. They should undertake necessary reforms that could _________ global growth and create jobs in rich countries.

4. Some countries proposed cutting the number of executive seats on the IMF as a way of proportionately increasing the voice of developing countries in IMF __________.

5. The IMF aims to preserve economic stability and to _________ financial crises.

6. The IMF is funded by a __________ - known as “quota”- paid by member nations.

7. The quota is based on a country’s wealth and it determines voting power within the organization, those making higher __________ have greater voting rights.

8. The Fund acts as a lender of last resort, disbursing its foreign exchange __________ for short periods to any member in difficulties.

9. The IMF and World Bank attempt to help countries or regions in economic __________.

10. The Fund maintains that a good climate for business is essential for growth and __________ reduction.