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Countries seek help from the IMF usually when their economies face a major macroeconomic risk, mostly currency crisis (such as the ones Sri Lanka is facing). Countries seek such assistance from the IMF to meet their external debt and other obligations, to purchase essential imports, and to prop up the exchange value of their currencies. The IMF lends money to the troubled economies often in the form of Special Drawing Rights (SDRs). SDRs simply represent a basket of five currencies, namely the U.S. dollar, the euro, the Chinese yuan, the Japanese yen, and the British pound. This lending is carried out by a number of lending programs such as extended credit facility, flexible credit lines, stand-by agreements, etc.
CAS stands for
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Founder of Nematology was:
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