The European Stability Mechanism (ESM) is an intergovernmental organization established to provide financial assistance to member countries of the Eurozone in financial distress. By offering support mechanisms, the ESM aims to maintain financial stability within the Eurozone.
An intergovernmental body established in September 2012 to provide permanent financial stability for the eurozone by offering financial assistance to member states facing economic difficulties.
The Export-Import Bank (EXIM Bank) is an independent U.S. government agency that facilitates international trade by offering financial assistance, including loans, guarantees, and insurance to U.S. exporters and their foreign buyers. Its goal is to support American jobs by leveling the global playing field for U.S. goods and services and mitigating the risks associated with international trade.
A government grant is a financial award provided by a government body to an organization to support activities that are deemed socially or economically beneficial. These grants can be either revenue-based or capital-based and have specific accounting treatments according to Financial Reporting Standards.
A grant can serve as both a term used in property conveyances or as financial assistance provided by government bodies or private foundations to fund projects deemed in the public interest.
An international organization comprising 184 member countries, established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance-of-payments adjustment. The IMF, founded in 1945, is headquartered in Washington, D.C.
A system designed to provide financial assistance to low-income individuals by using the income tax system, ensuring an income level above a predefined minimum through direct subsidies.
A Small Business Investment Company (SBIC) operates under the Small Business Investment Act of 1958 and provides financial assistance to small businesses.
A special type of government loan in which the terms and conditions of repayment are more generous (or softer) than they would be under normal finance circumstances. For example, the interest rate might be less and the repayment term might be for a longer period.
Supplemental Security Income (SSI) is a needs-based program administered by the Social Security Administration that provides supplemental income to individuals who are aged, blind, or disabled, with limited income and resources.
A program within the Social Security System that provides financial assistance in the form of lump-sum payments and monthly benefits to the eligible survivors of a deceased worker.
The term 'World Bank' refers to the collective institutions including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC). These entities work globally to reduce poverty and support development.
