English

Spanish

1977 Decision on Surveillance over Exchange Rate Policies

Decisin de 1977 sobre la supervisin de las polticas de tipo de

1977 Surveillance Decision

cambio
Decisin de 1977 sobre Supervisin

a few

unos pocos

a number of

unos cuantos

[IMF]

AAA debtor

deudor con calificacin AAA

deudor con clasificacin AAA

AAA rating

calificacin AAA

triple-A rating

clasificacin AAA

Abenomics

Abeconoma

abode

domicilio
[MBP5]
residencia

above face value

[securities]

por encima de la par

por encima del valor nominal

above par

con prima

above par value

sobre la par

at a premium

above par value

por encima de la paridad

above the line

por encima de la lnea

IMF GLOSSARY WEB 2015 English Spanish

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above-the-line item

partida ordinaria

[budget]

partida por encima de la lnea

above-the-line entry

absentee rate

tasa de absentismo
tasa de ausentismo

absolute advantage

ventaja absoluta

absolute return fund

hedge fund

hedge fund

fondo de cobertura
fondo de inversin especulativo
fondo especulativo de cobertura
fondo de inversin de alto riesgo
[ESP]
fondo de retorno absoluto
fondo de inversin libre
[ESP (legislacin espaola)]

absolute value

valor absoluto

absorbed company

sociedad incorporada

[enterprises]

absorbing company

sociedad incorporante

[enterprises]
surviving company

absorptive capacity

capacidad de absorcin

absorption capacity

abstract number

nmero abstracto

IMF GLOSSARY WEB 2015 English Spanish

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Abu Dhabi Fund for Arab Economic Development

Fondo de Abu Dhabi para el Desarrollo Econmico Arabe

ADFAED

FADDEA

accelerated cost recovery system

mecanismo de recuperacin acelerada de los costos

ACRS

accelerated purchase

compra acelerada

accelerated rate of depreciation

depreciacin acelerada

accelerated depreciation

amortizacin acelerada
tasa de depreciacin acelerada
tasa de amortizacin acelerada

acceleration clause

clusula de aceleracin
clusula de opcin de pago anticipado
clusula de anticipacin de pagos
clusula de caducidad de plazos
[ARG]

acceptance credit

crdito de aceptacin
crdito por aceptacin

acceptance house

financiera
casa de aceptacin

acceptance limit

lmite de aceptacin

[SDR designation]

acceptance of membership

aceptacin de la calidad de miembro

[BL]

acceptance of SDRs

aceptacin de DEG

IMF GLOSSARY WEB 2015 English Spanish

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access limit

lmite de acceso a los recursos del FMI

[IMF]

access policy and access limits

lmite de acceso

poltica de acceso a los recursos del FMI y lmites de acceso

[IMF]

access policy
[IMF]

access to a facility

poltica de acceso a los recursos del FMI

poltica de acceso

acceso a un servicio financiero

[IMF]

access to the market

acceso al mercado

accession country

pases candidatos a la adhesin

pases candidatos

accommodating transaction

transaccin acomodaticia

accommodative monetary policy

poltica monetaria laxa

accommodating policy
accommodating stance

[WHD REO]
poltica monetaria acomodaticia

accommodation
easy monetary policy
monetary accommodation
monetary policy accommodation

accommodative policy

poltica laxa
poltica acomodaticia

account
[SNA93]

cuenta
[SCN93]

IMF GLOSSARY WEB 2015 English Spanish

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accountability

rendicin de cuentas

[GFSM]

[MEFP]
responsabilizacin
responsabilidad
obligacin de rendir cuentas

Accounting and Auditing Organization for Islamic Financial

Organizacin de Contabilidad y Auditora de las Instituciones

Institutions

Financieras Islmicas

[FSIG]

[GISF]

AAOIFI

AAOIFI

accounting concept

concepto contable

accounting conventions

convenciones contables

[GDDS]

accounting currency

moneda de cuenta

accounting date

fecha contable

[BPM5]

accounting equation

ecuacin contable

balance sheet equation

identidad contable

accounting identity

accounting practices

prcticas contables

accounting methods

mtodos contables

accounting procedures

procedimientos contables

accounting rate

tipo de cambio contable

book rate

tipo para fines contables

IMF GLOSSARY WEB 2015 English Spanish

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accounting system

sistema contable
sistema de contabilidad

accounting unit

unidad contable

accounting entity

entidad contable

accounts and departments

cuentas y departamentos

[IMF]

accounts of the IMF in member countries

cuentas del FMI en los pases miembros

IMF accounts in member countries

Accounts Payable Unit

Unidad de Cuentas por Pagar

[FIN/AX/AP]

accounts payable

cuentas por pagar

payables

montos pagaderos

accounts receivable

cuentas por cobrar

[MBP5; MBP6; MEFP; SCN93]

Accra Agenda for Action

Programa de Accin de Accra

AAA

PAA

Triple A

accrual basis

base devengado
[MEFP; GISF; SCN93]
valores devengados

accrual basis accounting

contabilidad en base devengado

accrual accounting

registro en base devengado

contabilidad en valores devengados

IMF GLOSSARY WEB 2015 English Spanish

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accrual basis for recording

registro en base devengado

accrual basis of recording

accruals
[accounting]

valores devengados
[SCN93]
devengado
[SCN]

accrued charges

cargos devengados

[IMF]

accrued expenses

gastos devengados

[accounting]

accrued income

ingreso devengado

accrued revenue
accrued asset

accrued interest

intereses devengados
intereses acumulados
cupn corrido

accrued interest receivable

intereses devengados por cobrar

accrued to the date of liquidation

devengados en la fecha de la liquidacin

[AA]

accumulated depreciation

amortizacin acumulada

accrued depreciation

depreciacin acumulada
partida de depreciacin
partida de amortizacin
depreciacin acumulada

IMF GLOSSARY WEB 2015 English Spanish

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accumulation account

cuenta de acumulacin

accumulation flows

flujos de acumulacin

accumulation of arrears

acumulacin de atrasos
[MBP5]

acid-test ratio
[USA]
quick asset ratio

coeficiente de liquidez
coeficiente de solvencia inmediata
coeficiente de liquidez inmediata

quick ratio
cash ratio
[corporations]
absolute liquid ratio

ACP-EEC Convention (between the African, Caribbean, and

Convenio ACP-CEE (entre los Estados de frica, el Caribe y el

Pacific States and the European Economic Community)

Pacfico y la Comunidad Econmica Europea)

Lom Convention

Convenio de Lom

acquaintance mission

misin inicial

[IMF]

misin exploratoria

exploratory mission

acquired rights clause

clusula de derechos adquiridos

grandfather clause

acquisition

adquisicin

acquisition approach

perspectiva de la adquisicin

[CPI; GFSM 2001; MFSM 2000]

enfoque de (de la) compra

acquisition approach to interest expense

IMF GLOSSARY WEB 2015 English Spanish

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acquisition less disposal of assets

adquisiciones menos disposiciones de activos

[GFSM 2001]

acquisition of non-produced, nonfinancial assets

adquisicin de activos no financieros no producidos

[BPM5, SNA]

acquisition of SDRs

adquisicin de DEG

[IMF]

acquisitions less disposals

adquisiciones menos disposiciones

[SNA 1993]

act of consent
[IMF quotas]

notificacin de la aceptacin
manifestacin de consentimiento

act of God

caso fortuito

natural disaster

catstrofe natural
desastre natural
fuerza mayor
[+a veces+]

Acting ...

... Interino

[IMF]

Action Program for Development

Programa de Accin para el Desarrollo

actionable subsidy

subvencin recurrible

activate

activar
poner en marcha

activation period

perodo de activacin

IMF GLOSSARY WEB 2015 English Spanish

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activation review

examen de activacin

[CCL]

active claim

activo productivo
activo que devenga intereses

active labor market policies

polticas activas del mercado laboral

active labor market programs

programas activos para el mercado laboral

[World Bank]
ALMPs

active loan

prstamo activo
prstamo vigente

active management

gestin activa

active portfolio rebalancing

reequilibrio activo de la cartera

activist policy

poltica discrecional

discretionary policy
active policy

activity report

informe de actividades

[IMF]

actual final consumption

consumo final efectivo

[MBP5]

actual GNP

PNB efectivo, observado

IMF GLOSSARY WEB 2015 English Spanish

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actual income

ingreso efectivo

actual interest yield

rentabilidad efectiva

effective yield

rendimiento efectivo
tasa de inters efectiva

actual rate of return

tasa de rendimiento efectivo

tasa de rentabilidad efectiva
tasa de retorno efectiva
rendimiento efectivo
rentabilidad efectiva
retorno efectivo

actuals

cifras efectivas

actuarial reserve

reserva actuarial

[insurance]

reserva matemtica
reserva tcnica

actuarial valuation

valuacin actuarial

actuary's valuation

valoracin actuarial

ad hoc quota boosters

complementos ad hoc de las cuotas

ad hoc quota increase

aumento de cuotas ad hoc

ad hoc request

solicitud ad-hoc

[IMF quotas]

ad hoc
[committee]

solicitud especial

ad hoc
especial

IMF GLOSSARY WEB 2015 English Spanish

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ad referendum

ad referendum

ad valorem

ad valrem

[taxation]

Adaptation Fund

Fondo de Adaptacin

adaptive efficiency

eficiencia adaptable

adaptive expectations

expectativas adaptables

adaptive research

investigacin con fines de adaptacin

additionality

adicionalidad

additivity

aditividad

adequacy of financing

suficiencia del financiamiento

nivel adecuado de financiamiento

adequacy of reserves

suficiencia de las reservas

reserves adequacy

nivel adecuado de reservas

adequate safeguards

salvaguardias adecuadas

[IMF]

adjust
[CPI]

adjustable exchange rate

aplicar ajustes
ajustar

tipo de cambio ajustable

IMF GLOSSARY WEB 2015 English Spanish

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adjustable rate

tasa de inters variable

floating interest rate

tasa variable

floating rate

tasa ajustable

variable rate

tasa flotante

variable-rate interest

adjusted basic balance

balanza bsica ajustada

adjusted overall fiscal balance

saldo fiscal global ajustado

[GFSM 2001]

resultado fiscal global ajustado

[MEFP]

adjustment

ajuste

adjustment equation

ecuacin de ajuste

adjustment fatigue

fatiga del ajuste

fatiga causada por el ajuste

adjustment of charges

ajuste de los cargos

[IMF]

adjustment of quotas

ajuste de las cuotas

[IMF]

adjustment of the peg

reajuste de la paridad
reajuste del vnculo

adjustment path

trayectoria del ajuste

perfil del ajuste

adjustment process

proceso de ajuste

IMF GLOSSARY WEB 2015 English Spanish

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adjustment program

programa de ajuste

[IMF]

adjustment studies

estudios sobre el proceso de ajuste

examen del proceso de ajuste

adjustment to cash basis

[IFS]

ajuste a base caja

ajuste a valores de caja

adjustment to cash

ajuste de las cifras a valores de caja

adjustment transaction

transaccin de ajuste

[GFS 1986]

adjustment with growth

ajuste con crecimiento

Administered Account - +country+

Cuenta Administrada (correspondiente a ...)

[IMF - contribution from a country]

Administered Account

Cuenta Administrada

[IMF]

administered price

precio administrado

controlled price

precio controlado

administrative price

precio regulado

administered protection

proteccin administrada

administration of control

administracin de los controles cambiarios

[AREAER]

administration of liquidation

procedimiento para efectuar la liquidacin

[AA]

IMF GLOSSARY WEB 2015 English Spanish

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administration of restrictions

aplicacin de restricciones

[IMF]

administrative action

medida administrativa
decisin administrativa

administrative budget

presupuesto administrativo

[IMF]

Administrative Division

Divisin Administrativa

[INS/AV]

Administrative Expenditures and Control Division

Divisin de Gastos y Controles Administrativos

[FIN/AX]
AECD

administrative expenses
[IMF]

gastos administrativos
gastos costos

administrative costs

administrative fees and charges

tasas y derechos administrativos

[GFS 1986]

administrative fees
[GFSM]

Administrative Payments Section

derechos administrativos
[MEFP]

Seccin de Pagos Administrativos

[FIN/AX/AP]

administrative receivership

sindicatura

[insolvency, UK]

IMF GLOSSARY WEB 2015 English Spanish

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Administrative Services Division

Divisin de Servicios Administrativos

[SEC/ASD]

Administrative Services

Servicios Administrativos

[TGS/D]

Administrative Tribunal

Tribunal Administrativo

[IMF]

advance

anticipo
pago anticipado

advance deposit

depsito previo a la importacin

import deposit

depsito de importacin

advance mission

misin preparatoria

[IMF]

advance redemption

rescate anticipado

advance repayment

reembolso anticipado
amortizacin anticipada

adverse feedback loop

negative feedback loop

interaccin negativa
[WHD REO]
crculo vicioso de repercusiones negativas
crculo vicioso
crculo vicioso de interacciones negativas
cadena de interacciones negativas

adverse selection

seleccin adversa

[banking; insurance]

IMF GLOSSARY WEB 2015 English Spanish

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Advisor on Diversity, Senior

Asesor Principal sobre Diversidad

[IMF-HRD]

Advisor on Work Practices

Asesor sobre Procedimientos de Trabajo

[IMF-OMD]

Advisor to the Executive Director

Asesor del Director Ejecutivo

[IMF-OED]

Advisor

Asesor

[IMF]

Advisor, Senior

Asesor Principal

[IMF]

Advisory Committee on Risk Management

Comit Asesor de Gestin de Riesgos

ACRM

Advisory Group on Sub-Saharan Africa

Grupo de Asesoramiento sobre frica subsahariana

AGSA

AGSA

advisory opinion

dictamen

advisory report

informe de asistencia tcnica

[IMF]

IMF GLOSSARY WEB 2015 English Spanish

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affiliated enterprise

empresa filial

affiliate

[MBP5; MBP6]
empresa afiliada
[MBP6; SCN]
filial
afiliada
[SCN]

affiliation
[BPM5]

afiliacin
[MBP5]

affluence test

prueba de necesidad

means test

condicionamiento de una subvencin al nivel de recursos o ingresos

condicionamiento de una prestacin al nivel de recursos o ingresos

affluent society

sociedad opulenta
sociedad de consumo

Africa Action Plan

[G-8]

Plan de Accin para frica

Plan de Accin para frica del G-8

G8 Africa Action Plan

Kananaskis Africa Action Plan

Africa Capacity Building Initiative

[IMF]

Africa Regional Division

Iniciativa del FMI para el Fortalecimiento de las Capacidades en

frica

Divisin de la Regin de frica

[MCM/R1]

Africa Training Institute

Instituto de Capacitacin de frica

ATI

IMF GLOSSARY WEB 2015 English Spanish

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African Common Market

Mercado Comn Africano

African Consultative Group

Grupo Consultivo Africano

ACG

African Department

Departamento de frica

[IMF]
AFR

African Development Bank

Banco Africano de Desarrollo

AfDB
ADB

African Development Fund

Fondo Africano de Desarrollo

AfDF

FAfD

ADF

FAD

African Division

Divisin de frica

[INS/AC]

African Financial Community

[BCEAO]

Comunidad Financiera Africana

CFA

CFA

African Group I

Grupo I de Gobernadores Africanos

[IMF-IBRD]
Africa Group I Constituency

African Group II

Grupo II de Gobernadores Africanos

[IMF-IBRD]
Africa Group II Constituency

IMF GLOSSARY WEB 2015 English Spanish

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African Group

Grupo Africano

[IMF-IBRD]
Group of African Governors

Grupo de Gobernadores Africanos

Grupo Africano del FMI

African Caucus
[IMF]

African Regional Technical Assistance Center

Centro Regional de Asistencia Tcnica en frica

AFRITAC

African Round Table

Mesa Redonda Africana

African Union

Unin Africana

AU

UA

African, Caribbean and Pacific Group of States

Grupo de Estados de frica, el Caribe y el Pacfico

ACP Group

Grupo ACP

ACP States

Estados ACP

after taxes

neto de impuestos
deducidos los impuestos
despus de impuestos

after-tax labor income

ingreso laboral despus de impuestos

agency

entidad
organismo
rgano
dependencia
agencia
[SCN93]

agency bank

agente de la matriz extranjera

IMF GLOSSARY WEB 2015 English Spanish

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agency bond

ttulo emitido por una organismo autorizado

agency debt

agency fee
[capital market]

Agency for International Development

[USA]

comisin de gestin
comisin de agente

Agencia para el Desarrollo Internacional

USAID

AID
USAID

agency transaction

transaccin por cuenta de terceros

[GFS 1986]

Agenda and Procedures Committee

Comisin sobre Temarios y Procedimientos

[IMF]
APC

agent

agente
[SCN93]

agent's fees
[BPM5]

agflation

derechos de agentes
[MBP5]

agflacin
etanoinflacin

aggregate calculated quota share

cuota calculada relativa agregada

aggregate demand

demanda agregada, global

IMF GLOSSARY WEB 2015 English Spanish

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aggregate real gross national product

producto nacional bruto agregado real

aggregate real GNP

PNB agregado real

aggregation

agregacin

aggregation bias

sesgo de agregacin
sesgo causado por la agregacin

aggregation clause

clusula de agregacin

aggregation, degree of

agregacin, nivel de
agregacin, grado de

aggregator bank

banco gestor de activos txicos

bad bank

banco administrador de activos txicos

"banco malo"
banco de propiedad estatal

aging of the population

envejecimiento de la poblacin

aging population

agreed higher limit

lmite mayor convenido

[IMF, access policy]

agreed minute

acta aprobada

[Paris Club]

agreement in principle

acuerdo de principio

[debt restructuring]

agreement, use by

uso mediante acuerdo

[SDR]

IMF GLOSSARY WEB 2015 English Spanish

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agribusiness

agroindustria

agroindustries

agricultural exporter

pas exportador de productos agrcolas

agricultural extension services

servicios de extensin agraria

agricultural extension

extensin agrcola

extension services

agriculture, forestry, fishing, and hunting

[GFSM; GFSY]

aid effectiveness

agricultura, silvicultura, pesca y caza

[MEFP]

eficacia de la ayuda
eficacia de la asistencia para el desarrollo

aid flows

flujos de ayuda
flujos de asistencia financiera

aid fragmentation

fragmentacin de la ayuda

aid-dependence syndrome

sndrome de dependencia de la ayuda

aide-mmoire

ayuda memoria

[IMF]

air transport
[GFSM; BPM5]

airport taxes
[BPM5]

transporte areo
[MEFP; MBP5]

impuestos de aeropuerto
[MBP5]

IMF GLOSSARY WEB 2015 English Spanish

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Alliance for Financial Inclusion

Alianza para la Inclusin Financiera

AFI

allocate

asignar
distribuir
atribuir

allocation

partida presupuestaria
asignacin presupuestaria
asignacin
[SCN93]

allocation cartel

crtel de distribucin

allocation mechanism

mecanismo de asignacin
mecanismo de asignacin

allocation of SDRs
SDR allocation

allocations and allotments

asignacin de DEG
[MBP5]

autorizaciones presupuestarias

[GFS 1986]

allocative efficiency of resources

eficiencia en la asignacin de recursos

Pareto efficiency

eficiencia de Pareto

Pareto optimal

ptimo paretiano

Pareto optimality

segn el ptimo de Pareto

Paretian optimality

ptimo de Pareto

allocative key

clave de distribucin

IMF GLOSSARY WEB 2015 English Spanish

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allotted number of votes

nmero de votos asignados

[IMF]

alternative hypothesis

hiptesis alternativa

alternative minimum tax

impuesto mnimo alternativo

[USA]

alternative sources of energy

fuentes de energa sustitutivas

otras fuentes de energa

Alternative-A Mortgage

hipoteca de riesgo intermedio

[USA]
ALT-A Mortgage

amended Articles of Agreement

[IMF]

Convenio Constitutivo enmendado

Convenio Constitutivo con sus enmiendas

Articles of Agreement as amended

texto enmendado del Convenio Constitutivo

amendment (to the Articles of Agreement)

enmienda (del Convenio Constitutivo)

[IMF]

amendment
[SNA93]

enmienda
[SCN93]
modificacin
reforma

American depositary receipt

[USA]
ADR
American depositary share

certificado americano de depsito de acciones extranjeras

ADR
certificados americanos de acciones extranjeras
[MBP5]

ADS

IMF GLOSSARY WEB 2015 English Spanish

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American Federation of Labor-Congress of Industrial

Federacin Americana del Trabajo y Congreso de Organizaciones

Organizations

Industriales

[USA]
AFL-CIO

American Recovery and Reinvestment Act

Ley de Recuperacin y Reinversin de Estados Unidos

Recovery Act

Ley de Recuperacin

American Standard Code for Information Interchange

Cdigo americano normalizado para intercambio de informacin

ASCII

ASCII

American-style option

opcin a la americana

[securities market]
American option

AML supervisory principles

principios de supervisin contra el lavado de dinero

amortization

amortizacin
[SCN93]

amortization profile

perfil de la amortizacin
estructura de los pagos de amortizacin

amount of access
[IMF]

amount outstanding

monto del acceso a los recursos del FMI

monto del acceso

saldo
deuda viva
deuda pendiente
monto acumulado

amount payable forthwith

cantidad pagadera de inmediato

IMF GLOSSARY WEB 2015 English Spanish

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analytic framework

marco analtico

analytical framework

anchor currency

moneda ancla
ancla monetaria

anchor
[monetary policy]

ancla
anclaje

ancillary covenant against competition

clusula accesoria de no competencia

ancillary departmental enterprise

empresa adscrita auxiliar

ancillary meetings

reuniones conexas

[IMF-IBRD Annual Meetings]

ancillary services

servicios auxiliares

Andean Group

Grupo Andino

Andean Integration Group

Grupo de Integracin Andina

annual arrangement

acuerdo anual

[ESAF, PRGF]

Annual Bank Conference on Development Economics

[World Bank]
ABCDE

Conferencia Anual del Banco Mundial sobre Economa del

Desarrollo
ABCDE

IMF GLOSSARY WEB 2015 English Spanish

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Spanish

Annual Meetings (of the Boards of Governors) of the

Reuniones Anuales (de las Juntas de Gobernadores) del Fondo

International Monetary Fund and the World Bank

Monetario Internacional y del Banco Mundial

[IMF-World Bank]

Reunin Anual de la Junta de Gobernadores

Annual Meetings of the Board of Governors

Annual Meetings

Annual Report of the Executive Board

[IMF]

+Informe Anual del Directorio Ejecutivo+

+Informe Anual+

Annual Report

Annual Report on Exchange Arrangements and Exchange

Informe anual sobre regmenes de cambio y restricciones

Restrictions

cambiarias

[IMF; publication not translated]

[+ttulo no oficial+]

AREAER
ARER

Annual Report on Portfolio Performance

Informe anual sobre el desempeo de la cartera

[IBRD]
ARPP

annual risk management report

informe anual sobre la gestin de riesgos

annuity

anualidad
[SCN93]
renta vitalicia
pensin vitalicia
seguro de renta vitalicia
seguro de rentas

anticipated growth rate

tasa de crecimiento prevista

anticipatory purchase

compra de previsin
compra por razones de previsin

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Anti-Counterfeiting Trade Agreement

Acuerdo Comercial contra la Falsificacin

ACTA

anticyclical reserve fund

fondo de estabilizacin anticclica

anticyclical tax

impuesto anticclico

antidumping duty

derecho antidumping

antidumping rules

normas antidumping

anti-money laundering

prevencin del lavado de dinero

AML

lucha contra el lavado de dinero

Anti-Money Laundering/Combating the Financing of Terrorism

Fondo Fiduciario Especfico para la Lucha contra el Lavado de

Topical Trust Fund

Dinero y el Financiamiento del Terrorismo

anti-money laundering/combating the financing of terrorism

lucha contra el lavado de dinero y el financiamiento del terrorismo

AML/CFT

ALD/LFT

apex institution

institucin principal
banco principal

application for membership

solicitud de admisin

[IMF]

appointed Executive Director

Director Ejecutivo Nombrado

[IMF]

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apportionment of appropriations

distribucin de las asignaciones

[USA]

distribucin de las asignaciones presupuestarias

distribucin de los crditos presupuestarios

appreciate

apreciarse
valorizarse

appropriate market rate

tasa de mercado apropiada

[debt]
AMR

appropriation

autorizacin presupuestaria
[GFS 1986]
partida presupuestaria
crdito presupuestario
afectacin presupuestaria
consignacin presupuestaria
[MBP5]

appropriation ceiling

tope de la autorizacin presupuestaria

appropriation-in-aid

autorizaciones presupuestarias de ayuda

[budget]

Arab accounting dinar

[AMF]

dinar rabe
dinar rabe contable

AAD

Arab Bank for Economic Development in Africa

Banco rabe para el Desarrollo Econmico de frica

ABEDA

BADEA

BADEA

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Arab Common Market

Mercado Comn rabe

ACM

MCA

Arab Convention on the Suppression of Terrorism

Convencin rabe sobre la represin del terrorismo

Arab countries in transition

pases rabes en transicin

ACT
ACTs

Arab Educational, Cultural and Scientific Organization

Organizacin Arabe para la Educacin, la Cultura y la Ciencia

ALECSO

ALECSO

Arab Fund for Economic and Social Development

Fondo rabe de Desarrollo Econmico y Social

AFESD

FADES

Arab Industrial Development and Mining Organization

Organizacin rabe de Desarrollo Industrial y de Minera

AIDMO

OADIM

Arab League

Liga Arabe

Arab Maghreb Union

Unin del Magreb rabe

AMU

Arab Monetary Fund

Fondo Monetario rabe

AMF

Arab Planning Institute

Instituto Arabe de Planificacin

API

Arab Tourism Federation

Federacin Arabe de Turismo

ATU

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Arab Tourism Organization

Organizacin Arabe del Turismo

ATU

ATO

Arab-African Union

Unin rabe-Africana

Arabic Section

Seccin de rabe

[TGS]

arbitrage

arbitraje
[SCN93]

arbitrage pricing theory

teora del arbitraje de precios

APT

arbitrager

arbitrajista

arbitrageur

arbitrary value

valor arbitrario

[tax assessment, statistics]

arbitration clause

clusula de arbitraje

arbitrator

rbitro

[AA]

arc elasticity

elasticidad arco

Archives and Records Management Section

Seccin de Gestin de Archivos y Registros

[TGS/DI/AR]

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area department

departamento regional

[IMF]

argument

argumento de una funcin

[mathematics]

arithmetic mean

media aritmtica

mean

media

arithmetical average

media aritmtica

arithmetic average
[CPI]

arm's length pricing principle

precio determinado por el mercado

arm's length price

arm's length principle

principio de la independencia mutua de las partes

principio del trato en condiciones de igualdad

arm's length
[trade]

en pie de igualdad
sin favoritismo
en condiciones de igualdad
entre partes independientes

Arrangement Regarding International Trade in Textiles

[GATT]

Acuerdo relativo al comercio internacional de los textiles

Acuerdo Multifibras

Multifibre Arrangement

arrangement

acuerdo

[IMF]

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arrangements

mecanismo
disposiciones
rgimen
arreglo

array

formacin
arreglo
[mathematics]
mecanismo
disposiciones
rgimen

arrears country
[IMF]

pas en mora
pas miembro con atrasos en los pagos

country with payment arrears

Article IV

Artculo IV
Artculo IV del Convenio Constitutivo del FMI

Article IV consultation discussions

conversaciones en el marco de la consulta del Artculo IV

[IMF]
consultation discussions

Article IV consultations

consultas del Artculo IV

[IMF]

Article VIII country

pas que cumple las condiciones del Artculo VIII

[IMF]

Article VIII obligations

obligaciones del Artculo VIII

[IMF]

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artificial person

persona jurdica

legal entity

entidad jurdica

corporation

[MBP5]

corporate body

artisanal industry

industria artesanal

cottage industry

industria familiar
industria casera
industria domstica

as amended

y sus enmiendas
y posteriormente modificada
y sus posteriores enmiendas

Asia and Pacific Department

Departamento de Asia y el Pacfico

[IMF]
APD

Asia and Pacific Regional Division

Divisin de la Regin de Asia y el Pacfico

[MCM/R2]

Asian Clearing Union

Unin Asitica de Compensacin

ACU

UAC

Asian Currency Unit

unidad monetaria asitica

ACU

Asian Development Bank

Banco Asitico de Desarrollo

AsDB

BAsD

ADB

BAD

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Asian Development Fund

Fondo Asitico de Desarrollo

ADF

FasD

Asian Division

Divisin de Asia

[INS/AN]

Asian dollar

dlar asitico

Asian noodle bowl

sopa de fideos asiticos

madeja de acuerdos comerciales regionales (en Asia)

Asia-Pacific Economic Cooperation Forum

Foro de Cooperacin Econmica Asia-Pacfico

APEC
APEC Council
APEC Forum
Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation Council
Asia-Pacific Economic Forum

assessment letter
[IMF]

carta de evaluacin
informe de evaluacin

comfort letter
assessment statement

assessment mission

misin de evaluacin

[IMF-IBRD]

Assessment of Financial Sector Supervision and Regulation

Evaluacin de la Supervisin y Regulacin del Sector Financiero

AFSSR

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assessment roll

registro tributario

[taxation]
assessment list

assessment
[SNA93]

contribucin directa
contribucin
derrama
gravamen
[SCN93]
tributo
[SCN93]

assessor
[taxation]

tasador
inspector de impuestos
aforador
[aduanas]

asset

activo
elemento del activo
rubro del activo

asset allocation

distribucin de los activos

portfolio allocation

asignacin de activos

asset boundary

frontera de los activos

asset encumbrance

activos afectados al pago de crditos con garanta

asset managers

administradores de activos
gestores de activos

asset operation

operacin activa

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asset preference

preferencia en materia de activos

asset price bubble

burbuja de precios de los activos

bubble

burbuja econmica

asset bubble

[WHD REO]

asset price inflation

inflacin de precios de los activos

asset quality review

examen de la calidad de los activos

AQR

asset stripping

vaciamiento de activos
liquidacin de activos
venta de activos

asset swap

+swap+ de activos

asset-backed commercial paper

papel comercial garantizado con activos

ABCP

papel comercial respaldado por activos

PCRA
valor comercial garantizado con activos

asset-backed securities

valores respaldados por activos

ABS

assignment

destino
comisin de servicios
misin

Assistant Director

Director Adjunto

[IMF]

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Assistant to the Director

Asistente del Director

[IMF]

Assistant to the Secretary

Asistente del Secretario

[IMF-SEC]

Associate

Asociado

[IMF]

associated borrowing arrangement

[IMF, GAB]

acuerdo de obtencin de prstamo paralelo a los AGP

acuerdo paralelo

associated agreement

associated enterprise

empresa asociada

associate

asociada

associated company

compaa asociada

Association for Financial Markets in Europe

Asociacin de Mercados Financieros de Europa

AFME

AFME

Association of Southeast Asian Nations

Asociacin de Naciones del Asia Sudoriental

ASEAN

ASEAN

assumption

hiptesis

assumption of debt

asuncin de deuda

debt assumption

assumption of normality

[MBP6; MEFP]

hiptesis de normalidad

normality assumption

asymptote

asntota

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asymptotically efficient estimate

estimacin asintticamente eficiente

asynchronous monetary policy

poltica monetaria asincrnica

Atlantic Division

Divisin del Atlntico

[WHD/AT]

attendance list

lista de participantes

at-the-money option

opcin a dinero
opcin cuyo precio de ejercicio es igual al del activo subyacente

attribution of production

asignacin de la produccin
atribucin de la produccin

attrition rate

tasa de desgaste

auction price

precio libre

[economics]

auction rate

tipo de cambio de adjudicacin

[exchange rates]

auction sale

licitacin

auction

subasta
remate

audit

auditar
llevar a cabo una auditora
comprobar las cuentas

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audit committee

comit de auditora

audit office

Tribunal de Cuentas

auditing department

[Am. Lat.]
Oficina de Auditora

audit opinion

dictamen de auditora

audit trail

pista de auditora
registro de auditora

audited financial statements

estados financieros auditados

estados financieros verificados por auditores

auditing standard

norma de auditora

audit standard

Auditor

Auditor

[IMF-OIA]

Auditor, Senior

Auditor Principal

[IMF-OIA]

augmentation of resources
[IMF]

augmented resources
[IMF]
augmented Fund resources

aumento de los recursos

complemento de los recursos

aumento de los recursos

complemento de los recursos
recursos aumentados
recursos complementarios

austerity policies

polticas de austeridad

IMF GLOSSARY WEB 2015 English Spanish

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austerity program

programa de austeridad

autarkic policies

polticas autrquicas

authorized bank

banco autorizado

[exchange market]

banca delegada
[Esp.]

authorized capital

capital autorizado
capital social
capital nominal

autocorrelation coefficient

coeficiente de autocorrelacin

serial correlation coefficient

autocorrelation

autocorrelacin

serial correlation

Automated System for Customs Data

[UNCTAD]

Sistema Aduanero Automatizado

SIDUNEA

ASYCUDA

Sistema Aduanero Automatizado para el Acceso, el Control y la

Automated System for Customs Data and Management

Gestin

Automated System for Customs Data Acquisition, Control and

Management
[UNCTAD]

automated teller machine

[banking]

cajero automtico
cajero electrnico

ATM

automatic budgetary stabilizer

estabilizador presupuestario automtico

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automatic data processing

procesamiento automtico de datos

ADP

automatic fiscal stabilizers

estabilizadores fiscales automticos

automatic stabilizer

estabilizador automtico

built-in stabilizer

Automatic Transfer Services Account

[USA]

cuenta de transferencia automtica

cuenta ATS

ATS Account

automaticity of drawings

automatismo de los giros

autonomous consumption

consumo autnomo

autonomous expenditure

gasto autnomo

autonomous investment

inversin autnoma

autonomous pension fund

cajas de pensin autnoma

[GFSM]

autonomous transaction

[MEFP]

transaccin autnoma

[BOP]

autonomous variable

variable autnoma

autoregression

autorregresin

availability fee

comisin por disponibilidad de fondos

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average daily balance

promedio de los saldos diarios

saldo medio diario

average effective tax rate

tasa media efectiva del impuesto

AETR

Average Petroleum Spot Prices

precios medios del petrleo de entrega inmediata

[IMF, WEO]
APSP
Average Petroleum Spot Price

average-inflation country

pas de mediana inflacin

pas de inflacin media

avian flu pandemic

pandemia de gripe aviar

avian influenza

gripe aviaria

avian flu

gripe aviar

bird flu

avoidance of cross-conditionality
[IMF]

award

necesidad de evitar la condicionalidad cruzada

necesidad de evitar la doble condicionalidad

adjudicacin

[procurement]

back a loan

garantizar un prstamo
respaldar un prstamo
avalar un prstamo

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back office

back office
servicio auxiliar
oficina de servicios auxiliares

backcast

retroproyeccin

backcasting

pronstico retrospectivo
"backcasting"

background document
[SNA93]

background paper

documento de referencia
[SCN93]

documento de antecedentes
documento de informacin bsica
documento de referencia

back-loading
[IMF]

concentracin de desembolsos al final del perodo del acuerdo

[P45]
concentracin (de medidas, gastos, etc.) al final del perodo
concentracin al final del programa

backstop

mecanismo de apoyo

backstopping facilities

mecanismos de apoyo tcnico

backtest

evaluacin retrospectiva

[bank supervision]
backtesting

back-to-back credit

prstamos cruzados en divisas

back-to-back loan

crdito con garanta de otro crdito

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back-to-back missions

misiones consecutivas sin regresar a la sede

[IMF]

back-to-office report

informe al regreso de una misin

BTO

informe dentro de las cuarenta y ocho horas

forty-eight-hour report
debrief
[IMF]

back-up line

lnea de crdito de reserva

backward linkage

vinculacin hacia atrs

[industry]

backward shifting

traslacin hacia atrs

traslacin del impuesto hacia atrs

backward-looking formula

frmula retrospectiva

bad asset

activos deteriorados

bad loan

deuda incobrable

bad debt
[accounting]

bail in

lograr que participen todas las partes interesadas en las

operaciones de rescate

bail out

rescatar

rescue

salvar

bailout loan

prstamo de rescate

IMF GLOSSARY WEB 2015 English Spanish

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bailout

operacin de rescate

rescue

operacin de salvataje
operacin de salvamento

balance of international payments

balanza de pagos internacionales

balance of payment analysis

anlisis de balanza de pagos

[BPM5]

[MBP5]

balance of payments accounting

contabilidad de balanza de pagos

balance of payments adjustment

ajuste de la balanza de pagos

balance of payments analysis

anlisis de balanza de pagos

Balance of Payments and External Debt Division I, II

Divisin de Balanza de Pagos y Deuda Externa I, II

[STA/A1, A2]

balance of payments assistance

asistencia para la balanza de pagos

balance of payments support

financiamiento de la balanza de pagos

respaldo para la balanza de pagos

Balance of Payments Compilation Guide

Gua para compilar estadsticas de balanza de pagos

balance of payments constraint

limitacin impuesta por la balanza de pagos

balance of payments deficit

dficit de la balanza de pagos

payments deficit

dficit de pagos

balance of payments equilibrium

equilibrio de la balanza de pagos

IMF GLOSSARY WEB 2015 English Spanish

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balance of payments equilibrium exchange rate

tipo de cambio compatible con el equilibrio de la balanza de pagos

BPEER

balance of payments flows

flujos de balanza de pagos

balance of payments identity

identidad de la balanza de pagos

[BOP]

Balance of Payments Manual

[IMF]

+Manual de Balanza de Pagos+

MBP

BPM

balance of payments need

[IMF]

necesidad de balanza de pagos

necesidad de financiamiento de la balanza de pagos
necesidad de respaldo para la balanza de pagos

balance of payments performance

[BPM5]

resultado de la balanza de pagos

[MBP5]

balance of payments position

saldo de la balanza de pagos

payments position

situacin de la balanza de pagos

situacin de pagos externos

balance of payments statement

[BPM5]

Balance of Payments Statistics Yearbook

[IMF]
BOPSY

balance of payments statistics

estado de balanza de pagos

[MBP5]

+Balance of Payments Statistics Yearbook+

Anuario de estadsticas de balanza de pagos
[+ttulo no oficial+]

estadsticas de la balanza de pagos

BOP statistics

IMF GLOSSARY WEB 2015 English Spanish

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balance of payments surplus

supervit de la balanza de pagos

supervit de pagos externos

balance of payments test

[IMF]

balance of payments

prueba de la situacin de la balanza de pagos

prueba de la necesidad de respaldo para la balanza de pagos

balanza de pagos

[IFS; SNA93]

[SCN93; MBP5]

balance of risks

balanza de riesgos

balance of trade

balanza comercial

trade balance

saldo comercial

[IFS]

balance on hand

saldo disponible

balance sheet account

cuenta del balance

cuenta de la hoja de balance

balance sheet approach to financial crisis

anlisis de las crisis financieras desde la ptica de los balances

balance sheet approach

enfoque del balance

BSA

Balance Sheet Assessment

evaluacin de los balances

BSA

balance sheet cleansing

saneamiento de los balances

balance sheet clean-up

balance sheet mismatch

descalce del balance

descalce de los balances

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balance sheet repair

saneamiento de los balances

balance sheet value

valor de balance

[SNA, BPM5]

balance sheet
general balance sheet

balance
[MEFP]

statement of financial position

balance general

statement of financial condition

estado de la condicin financiera

statement of condition

hoja de balance

statement of assets and liabilities

[SCN93]

balance sheet statement

estado de pasivos y activos

balance

saldo

[SNA93; accounting]

[SCN93]
balance

balanced budget multiplier

multiplicador de presupuesto equilibrado

balanced budget

presupuesto equilibrado

neutral budget

presupuesto neutro

balanced distribution of holdings

distribucin equilibrada de las tenencias

[IMF]

balanced positions

posiciones equilibradas

[IMF]

balance-sheet effect

efecto en el balance

balancing item

partida equilibradora
partida de resultado

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balancing statement

estado contable equilibrado

[SNA]

Balassa-Samuelson Effect

efecto Balassa-Samuelson

Bali Roadmap

Hoja de Ruta de Bali

balloon loan

prstamo +balloon+
prstamo globo
prstamo reembolsable en su mayor parte al vencimiento

Baltic countries, Russia, and other countries of the former

pases blticos, Rusia y otros pases de la antigua Unin Sovitica

Soviet Union
BRO

bank advisory committee

[London Club]
advisory committee

comit consultivo de bancos

comit consultivo bancario
comit de coordinacin

steering committee

bank assessment

evaluacin de la situacin bancaria

diagnstico de la situacin bancaria

bank call report form

formulario de declaracin de datos de los bancos

bank report form

formulario de declaracin de datos

report form
[IFS]

bank call report

informe financiero

call report

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bank cash ratio

coeficiente bancario de caja

ndice de liquidez

bank draft
[SNA93]

giro bancario
letra de cambio girada por un banco sobre otro

banker's draft

orden de pago

bank examination

inspeccin bancaria
auditora bancaria

bank failure

quiebra de un banco

Bank for International Settlements

Banco de Pagos Internacionales

BIS

BPI

bank holding company

holding bancario

[FSIG]

holding de bancos
[GISF]

bank liquidity ratio

coeficiente de liquidez bancaria

bank loan

prstamo bancario

[GFS 1986]

anticipos bancarios

bank advances

bank money

dinero bancario
dinero escritural

Bank of Central African States

Banco de los Estados de frica Central

BEAC

BEAC

Bank of England

Banco de Inglaterra

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Bank of France

Banco de Francia

[France]

bank of issue

banco emisor

currency issuing agency

banco de emisin
entidad emisora de moneda

Bank of Japan

Banco de Japn

Bank Recovery and Resolution Directive

directiva de recuperacin y resolucin bancaria

BRRD

bank resolution mechanism

mecanismo de resolucin bancaria

bank run

pnico bancario

bank panic

retirada masiva de los depsitos de un banco

run on a bank

corrida bancaria

run on deposits

[Am. Lat.]

bank secrecy

secreto bancario

Bank Secrecy Act

ley de secreto bancario

[U.S.]
BSA
Currency and Foreign Transactions Reporting Act

bank supervision

supervisin bancaria

banking supervision

supervisin de bancos

bank supervisors

autoridades de supervisin bancaria

IMF GLOSSARY WEB 2015 English Spanish

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Bank/Fund Conferences Office

Oficina de Conferencias del Banco y del Fondo

[SEC/AI/BF]
BFCO

banker's acceptance

aceptacin bancaria

bank acceptance

bankers' bank

banco de bancos

bankers' deposit

depsito a la vista de los bancos comerciales en el banco central

[central bank]

depsitos de encaje

bankers' reserves

reservas de los bancos (comerciales)

Bank-Fund Financial Sector Liaison Committee

Comit de enlace entre el Banco y el Fondo para el sector financiero

[IMF-WB]
FSLC

banking authorities

autoridades bancarias

banking book

operaciones clsicas del banco

cartera permanente
libro bancario

banking soundness

solidez bancaria
solidez del sistema bancario

banking survey

panorama bancario

[GMBS; IFS]

banking system

sistema bancario
sistema bancario

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banking union

unin bancaria

[European Union]

banking

sector bancario

banking sector

sistema bancario
banca
bancos

banklike institutions, other

[GMBS]

instituciones afines a las bancarias, otras

[GMBS]
instituciones parabancarias

banknote, uncirculated

billete que no ha entrado en circulacin

[BOP]

banknotes and coins

billetes y moneda metlica

bankruptcy

quiebra
bancarrota
falencia

bankruptcy law

ley de quiebras
ley de bancarrota
ley de concursos

bar chart

grfico de barras

bar graph

histograma

bar

barra

[gold]

bargaining position

[barra de oro]

posicin negociadora

IMF GLOSSARY WEB 2015 English Spanish

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bargaining power

poder de negociacin

barrier to entry

barrera a la entrada

[trade]

barter

obstculo al ingreso

trueque
[MBP5; SCN93]
comercio de trueque

barter economy

economa de trueque

Base Erosion and Profit Shifting

erosin de la base tributaria y traslado de beneficios

BEPS

erosin de la base impositiva y traslado de ganancias a

jurisdicciones ms favorables

base erosion

erosin de la base tributaria

tax base erosion

base money

base monetaria

monetary base

emisin primaria

reserve money

dinero primario

central bank money

dinero del banco central

high-powered money

dinero de alta potencia

RM

dinero de gran potencia

base period

perodo base
perodo de base

base year
[statistics]

ao base
ao de referencia

reference year

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Basel Capital Accord

Acuerdo de Capital de Basilea

[BIS]

Basel capital adequacy ratio

coeficiente de capital (Basilea)

[MPI]
capital adequacy rules

Basel capital deductions

deducciones del capital (Basilea)

[MPI]

Basel capital

capital segn la definicin de Basilea

[MPI]

Basel Committee on Banking Supervision

BCBS

Comit de Supervisin Bancaria de Basilea

[GISF]

Basel Committee

Comit de Basilea

Cooke Committee

Comit Cooke
CSBB
Comit de Basilea

Basel Core Principles

Principios Bsicos para una Supervisin Bancaria Eficaz

Core Principles for Effective Banking Supervision

Principios Bsicos de Basilea

[BIS;Basle Committee]
core principles
BCPs

Basel II

Acuerdo de Basilea II

[BIS]

Basel III Accord

Acuerdo de Basilea III

Basilea III

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Basel III requirements

requisitos de Basilea III

baseline projection

proyeccin de base
proyeccin de referencia

baseline scenario
[IMF]

escenario base
escenario de referencia

reference scenario
RS
benchmark scenario
trend scenario
business-as-usual scenario
BAU
nonintervention scenario

base-to-income elasticity

elasticidad de la base tributaria con respecto al ingreso

elasticidad base tributaria/ingreso

base-weighted price index

ndice ponderado en funcin del perodo base

base-weighted index

ndice de Laspeyres

Laspeyres index

[GISF]

[FSIG]

BASIC

sistema BASIC

basic balance

balanza bsica

[BPM5]

[MBP5]

basic foodstuffs

alimentos bsicos

staples

alimentos de consumo corriente

basic needs poverty line

lnea de pobreza basada en necesidades bsicas insatisfechas

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basic period

perodo bsico

[IMF]

basic rate of charge

tasa de cargos bsica

[IMF]

basic vote

voto bsico

[IMF]

basis

base
precio base

basis of assessment

base imponible
base de liquidacin del impuesto

basis of recording

base de registro

[GFSM 2001]

basis of reporting

base para la declaracin de datos

basis point

punto bsico

BPS

centsimo de punto porcentual

basis risk

riesgo de base
diferencial entre el precio de un instrumento al contado a proteger y
el precio del contrato a plazo protector

basket peg

tipo de cambio fijo en relacin con una canasta de monedas

basket pegging

tipo de cambio vinculado a una cesta de monedas

composite peg

vinculacin a una canasta

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bear market

mercado bajista

[securities exchange]

mercado a la baja

bearish market

bear operator

especulador a la baja

bear

bajista

bearer bill

pagar al portador

bearer note

bearer instrument

instrumento al portador

bearer paper

ttulo al portador

bearer security

valores al portador

before taxes

antes de impuestos

pretax

antes de deducir los impuestos

beggar-my-neighbor policy

poltica de empobrecimiento del vecino

beggar-thy-neighbor policy

poltica de egosmo nacional

behavior variable

variable de comportamiento

behavioral equation

ecuacin de comportamiento

behavioral equilibrium exchange rate

tipo de cambio de equilibrio de comportamiento

BEER

below par value

por debajo de la paridad

[currency]

below the line

por debajo de la lnea

[BPM5, GFS 1986]

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below-the-line item

partida extraordinaria
partida que figura por debajo de la lnea

benchmark bond index

ndice de bonos de referencia

[IMF]

benchmark ratio

coeficiente de referencia

[SDR allocation]

benchmark
[IMF, PRGF]
performance benchmark

parmetro de referencia
[P45]
punto de referencia
indicador de resultados
referente

benchmarking

establecimiento de parmetros
establecimiento de una base de referencia

beneficial ownership
[securities settlement systems]

usufructo
propiedad efectiva

beneficial owner

titularidad

beneficial interest holder

propiedad beneficiaria

beneficial interest

benefit principle of taxation

principio de la imposicin basada en el servicio prestado

benefit snatching

apropiacin de beneficios

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benefit

beneficio

benefits

prestacin
subsidio
prestaciones
beneficios

Benefits Administration Unit

Unidad de Administracin de Prestaciones

[HRD/SB/BA/ ...]

Benelux Economic Union

Unin Econmica Benelux

benign neglect

desatencin benvola
descuido benvolo
indiferencia benvola

best case scenario

escenario optimista

optimistic scenario

escenario ptimo
marco hipottico optimista

best estimate

estimacin ptima

best linear unbiased estimator

estimador lineal insesgado ptimo

BLUE

best practices

prcticas ptimas

BP

better-policies scenario
[WEO]

escenario basado en la aplicacin de polticas ms favorables

escenario optimista

best-policies scenario
optimistic scenario

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bias

sesgo

[statistics]

distorsin
error sistemtico

biased estimator

estimador sesgado

biased sample

muestra sesgada

biased

sesgado

[statistics]

bicyclic procedure
[IMF consultations]

procedimiento de ciclo bienal de consultas

ciclo bienal

bi-cycle

bid price

cotizacin de compra
precio ofrecido por el comprador

bid

licitacin

tender

bid-ask spread
[FSIG; MPI]

diferencia entre el precio de compra y el precio de venta

diferencial entre el precio de demanda y el precio de oferta
[GISF]

bidder

licitador

tenderer

licitante
postor
oferente
concursante

IMF GLOSSARY WEB 2015 English Spanish

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bid-offer spread

margen entre el tipo de cambio comprador y vendedor

[exchange rates]

biennial consultation

diferencial entre el tipo de cambio comprador y vendedor

consulta bienal

[IMF]

biennial surveillance review

examen bienal de la supervisin

BSR
Biennial Review of Surveillance

big bang reform

programa de reformas "big bang"

big bang

reforma radical
gran reforma
Big Bang, el

big-push theory

impulso fuerte, teora del

bilateral aid

ayuda bilateral

bilateral and multilateral surveillance

supervisin bilateral y multilateral

bilateral central rate

tipo de cambio central bilateral

[EMS]

bilateral contributions

contribuciones bilaterales

bilateral creditor

acreedor bilateral

[HIPC Initiative]

bilateral monopoly

monopolio bilateral

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bilateral payments agreement

acuerdo bilateral de pagos

[GMBS]

convenio bilateral de pagos

bilateral payments arrangement

bilateral statements
[BPM5]

bilateral surveillance
[IMF]

estados bilaterales
[MBP5]

supervisin bilateral
supervisin en el marco de las consultas del Artculo IV

Article IV surveillance

bilateral trade weight

ponderacin del comercio bilateral

bill

letra
efectos
pagar
billete
cuenta

bill of exchange

letra de cambio

draft

borrador

[IMF]

proyecto

bill of quantities

estimacin cuantitativa

billion

mil millones

[IMF-IBRD; USA]

bimetallic standard

bimetalismo

bimetallism
bi-metalism

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bimodal distribution

distribucin bimodal

binding

obligatorio
vinculante
exigible

binomial distribution

distribucin binomial

bipolar view

enfoque bipolar

BIS consolidated banking statistics

estadsticas bancarias consolidadas del BPI

bivariate distribution

distribucin de dos variables

Black Friday

Viernes Negro

black market rate

tipo de cambio del mercado negro

black market

mercado negro

[SNA93]

[SCN93]

Black Scholes options pricing model

modelo Black Scholes de determinacin del precio de las opciones

black swan

cisne negro

black swan event

blanket tax holiday

exoneracin general (temporal) de un impuesto

blend country

pas que puede obtener financiamiento combinado

[IBRD-IDA]

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blended GDP variable

medicin mixta del PIB

blending of resources

combinacin de recursos

blending

block grant
[USA]

subvencin global para un fin determinado

subvencin para determinadas funciones
subvencin en bloque

blocked account

cuenta bloqueada

[GMBS]

blocked gold or dollars

oro o dlares bloqueados

[IMF]

blue chip

valor de primera clase

gilt-edged security

valor de primer orden

[GBR]

acciones lderes
[Arg.]
valores punteros
valores estrella

Board Briefing

reunin informativa del Directorio

Informal Board Briefing

reunin informativa del Directorio de carcter informal

Board Discussion

debate del Directorio

Board of Executive Directors

Directorio Ejecutivo

[WB]
Board

IMF GLOSSARY WEB 2015 English Spanish

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Board of Governors of the Federal Reserve System

Junta de Gobernadores del Sistema de la Reserva Federal

[USA]

Junta de la Reserva Federal

Federal Reserve Board

FRB

Board of Governors

Junta de Gobernadores

[IMF]

Board seminar

seminario del Directorio Ejecutivo

Board Work Program Unit

Unidad a cargo del Programa de Trabajo del Directorio

[SEC/AI]

bona fide

de buena fe
genuino
serio

bond

bono
[MBP5; SCN93]

bond coupon
coupon

bond issue

cupn
[MBP6]

emisin de bonos
emisin de obligaciones

bond market

mercado de bonos

fixed-income market

mercado de ttulos de renta fija

Bond Markets

mercados de bonos

bond mutual fund

fondo mutuo colocado en bonos

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bond portfolio

cartera de bonos

holdings of bonds

bonos en cartera

bond seniority

rango de preferencia de un bono

bond warrant

certificado para compra de bonos

debt warrant

opcin de compra de bonos

bonded debt

deuda en bonos

bonded indebtedness

bonded good

mercanca en depsito
mercanca en almacn de aduana
mercanca en aduana

bonds and notes

bonos y pagars
[MBP5, MBP6]

bonds payable

bonos pagaderos, por pagar

bonds with optional maturity dates

bonos con fechas optativas de vencimiento

[BOP]

bonus interest rate

tasa de inters con prima

bonus share

accin distribuida gratuitamente

bonus stock

accin gratuita
accin como gratificacin
bonificacin
accin repartida como gratificacin

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book profit

ganancia contable
beneficio contable

book-entry security

ttulo anotado en cuenta

paperless security

ttulo escritural
ttulo desmaterializado

bookkeeping
[BPM5]

tenedura de libros
[MBP5]
contabilizacin
registro contable
contabilidad

books and records

[accounting]
accounting records

libros y registros contables

registros contables
documentos contables

accounting documents

book-to-bill ratio

relacin pedidos/facturacin

boom-bust cycle

ciclo de auge y cada

boom and bust

boom-and-bust cycle

bootstrap

bootstrap (mtodo para estimar la distribucin de la muestra

empleando una tcnica de remuestreo con reemplazo de muestra)

border tax adjustment

ajuste tributario en frontera

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border trade

comercio fronterizo
compras transfronterizas para uso personal
fayuca
[MEX]

border worker

trabajador fronterizo

borderline case

caso ambiguo
caso dudoso

Borrowed Resources Suspense Accounts

Cuentas Suspensivas de Recursos Ajenos

[IMF]
BRSA

borrowed resources
[IMF]

borrowing arrangement

recursos obtenidos en prstamo

[MBP5]

acuerdo de obtencin de prstamos

[IMF]
borrowing agreement

borrowing authorization

autorizacin de endeudamiento
autorizacin de obtencin de prstamos

borrowing capacity

capacidad de endeudamiento
capacidad de obtencin de prstamos

borrowing rate

tasa de inters de los emprstitos

tasa pasiva

borrowing ratio

coeficiente de endeudamiento

[IMF borrowing]

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borrowing requirement

necesidad de financiamiento
necesidad de obtencin de prstamos

borrowing space

capacidad de endeudamiento

borrowing-quota ratio

razn emprstitos/cuotas

[IMF borrowing]

bottleneck inflation

relacin emprstitos/cuotas

inflacin por estrangulamientos de la oferta

inflacin causada por limitaciones de la oferta
inflacin de demanda

bracket creep
[taxation]

progresin gradual a tasas impositivas ms altos

progresin escalonada

bracket progression

Brady bond
[debt restructuring]

bono Brady
deuda en bonos Brady

Brady debt

Brady Plan

Plan Brady

branch

sucursal

branchless banking

banca mvil

mobile banking

Brazil, Russia, India and China Club

club BRIC

BRIC Club

grupo BRIC

BRICs

club integrado por Brasil, Rusia, India y China

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Brazil, Russia, India, China, and South Africa

grupo BRICS

BRICS

Brasil, Rusia, India, China y Sudfrica

breakdown

desagregacin

breaking out

apertura
desglose

break-even point

punto de equilibrio
umbral de rentabilidad
punto muerto

Brent crude oil

variedad Brent de petrleo crudo

Brent crude

variedad Brent de crudo

Bretton Woods Institutions

Instituciones de Bretton Woods

BWI

Bretton Woods Recreation Center

Club de Bretton Woods

[IMF]
BWRC

Bretton Woods system

sistema de Bretton Woods

[exchange rates]

bridge table
[statistics]

cuadro puente
cuadro de conciliacin
cuadro de empalme
tabla puente
[SCN93]

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briefing

sesin informativa
sesin de orientacin
sesin de informacin
instrucciones

briefing note

nota informativa

brinkmanship

enfrentamiento (entre partidos polticos)

confrontacin (poltica)

broad financial market

mercado financiero amplio

broad money survey

panorama del dinero en sentido amplio

[IMF]

broad money

dinero en sentido amplio

money broadly

masa monetaria en sentido amplio

broadly defined money supply

disponibilidades lquidas
[ESP]
oferta monetaria en sentido amplio
base monetaria amplia
dinero en su definicin amplia

broadening of the tax base

ampliacin de la base imponible

broken cross rates

tipos cruzados discordes

broker

broker

stockbroker

agente de bolsa
corredor de bolsa

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brokerage fee

comisin de corretaje

brokerage

brokerage house

empresa de corretaje de valores

brokerage firm
brokerage company

broker-dealer

agente (de bolsa)

agente burstil

Brussels Office

Oficina del FMI en Bruselas

[IMF-EUR]
EUO/BR

brute force fiscal adjustment

ajuste fiscal forzado

bubble economy

economa especulativa
burbuja econmica
burbuja especulativa

budget

presupuestar
anotar en el presupuesto
elaborar el presupuesto
formular el presupuesto

budget appropriation process

afectacin presupuestaria

budget appropriation

autorizacin de crdito

appropriation

apropiacin

budgetary appropriation
budgetary appropriation process

[SCN93]
consignacin presupuestaria
consignacin
[MBP5]

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budget calendar

calendario presupuestario

budget constraint

limitacin presupuestaria

budget constraints

limitaciones presupuestarias

budget cut

reduccin presupuestaria
recorte presupuestario

budget cycle

ciclo presupuestario

budget deficit

dficit presupuestario

budget gap

budget discipline

disciplina presupuestaria

budget envelope

paquete presupuestario
dotacin presupuestaria
fondos disponibles

budget estimate

previsin presupuestaria

budget forecast

estimacin presupuestaria

budget execution

ejecucin presupuestaria
ejecucin del presupuesto

budget framework law

ley de directrices presupuestarias

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budget institution

organismo ejecutor del gasto

budgetary unit

organismo que efecta los gastos

spending agency

ministerio que efecta los gastos

spending department

unidad ejecutora de gasto

spending unit

unidad presupuestaria
unidad presupuestal

budget law

ley de presupuesto

approved budget

presupuesto aprobado

budget legislation

legislacin presupuestaria
ley de presupuesto

budget management

gestin presupuestaria

budget outturn

resultado presupuestario

budget performance

budget preparation

elaboracin del presupuesto

preparacin del presupuesto

budget presentation

presentacin del presupuesto

budget proposal

proyecto de ley de presupuesto

[GFS 1986]

proyecto de presupuesto

draft budget
budget bill

Budget Reform Division

Divisin de Reforma Presupuestaria

[OBP/BR]

budget savings

ahorro presupuestario

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Budget Section

Seccin de Presupuesto

[INS/AI/BU]

budget sequester

secuestro del gasto

Budget Strategy Division

Divisin de Estrategia Presupuestaria

[IMF-OBP/BS]

budget summary

presentacin resumida del presupuesto

budget surplus

supervit presupuestario

[realized surplus]

budget universality principle

principio de universalidad presupuestaria

general budget rule

budget year

ejercicio presupuestario

budgetary account

cuenta presupuestaria

budgetary balance

equilibrio presupuestario

budgetary equilibrium

budgetary central government

[GFSY]

gobierno central presupuestario

cuentas presupuestarias del gobierno central

budgetary central government accounts

[GFS 1986]

budgetary expenditure

gasto presupuestario

budgetary outlay

gasto fiscal

fiscal expenditure

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budgetary financing gap

dficit de financiamiento del presupuesto

budgetary gap

brecha presupuestaria

budgeted funds

fondos presupuestados

budgeting

elaboracin del presupuesto

formulacin del presupuesto

budgetization

presupuestacin

fiscalization

incorporacin al presupuesto
inclusin en el presupuesto

buff (paper)
[IMF]

intervencin del Sr. X sobre ...

exposicin sumaria (del Presidente del Directorio Ejecutivo) al

buff statement

trmino de las deliberaciones sobre ...

Buff Document

documento BUFF

[IMF document series; BUFF/...]

BUFF

BUFF/ED Document

documento BUFF/ED

[IMF document series; BUFF/ED/...]

BUFF/ED

buffer stock

existencias reguladoras

Buffer Stock Financing Facility

Servicio de Financiamiento de Existencias Reguladoras

[SNA93]
BSFF

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building and loan associations

asociaciones de prstamo y construccin

[SNA93]

[SCN93]
asociaciones de crdito inmobiliario

building block
[statistics, models]

unidad de clasificacin
elemento bsico
elemento integrante

building society
[GBR]

asociacin de ahorro y prstamo

sociedad hipotecaria
[IFS]
sociedad de crdito inmobiliario
[BPM5]

built-in elasticity of a tax system

elasticidad intrnseca de un sistema tributario

built-in flexibility

flexibilidad intrnseca

bull market

mercado al alza

[securities exchange]

mercado alcista

bullish market

bull operator

especulador al alza

bull

alcista

bulldog bond

bono bulldog

[GBR]

bullet loan

prstamo reembolsable de una sola vez al vencimiento

bunching of maturities

concentracin de los plazos de vencimiento

debt bunching

concentracin de los vencimientos

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buoyancy

dinamismo
auge
tendencia alcista de los precios
perspectivas favorables
firmeza
optimismo

burden sharing (in the Fund's expenses)

distribucin de los gastos (de funcionamiento) del FMI

[IMF]

burden sharing
[IMF; BPM5]

distribucin de la carga
distribucin de los gastos
[MBP5]

burden

gastos (de funcionamiento) del FMI

[IMF]

burden-sharing mechanism

mecanismo de distribucin de la carga

[IMF]

business accounting

contabilidad de empresas

business activity

actividad econmica
actividad empresarial
actividad industrial y comercial

business and professional licenses

licencias comerciales y profesionales

[GFSY]

business climate

clima empresarial
clima de negocios

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business community

medios empresariales
crculos empresariales
mundo de los negocios

business continuity plan

plan de continuidad de las operaciones

business corporation

sociedad

corporation

empresa
sociedad annima
corporacin
empresa constituida en sociedad

business cycle

ciclo econmico

economic cycle

ciclo coyuntural

trade cycle

coyuntura

boom-bust cycle

ciclo de auge y cada

business day

da hbil, laborable

working day

business expenses

gastos de representacin

representation expenses

gastos profesionales

business license tax

licencia fiscal de actividades comerciales, industriales y

occupational license tax

profesionales

business plan

plan de operaciones
plan empresarial

business profit tax

impuesto sobre las utilidades de las empresas

impuesto sobre las ganancias de las empresas
impuesto sobre los beneficios de las empresas

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business profits

ganancias de las empresas

trading profits

utilidades de las empresas

beneficios de las empresas

business services
[BPM5, BPM6]

business travel

servicios empresariales
[MBP6]

viaje por motivo de negocios

[BPM5]

business travelers
[BPM5]

buy long

viajeros por motivo de negocios

[MBP5]

sobrecomprar
especular al alza

buy on margin

comprar a crdito

[securities]
margin buying

buy-and-hold investor

inversionista a largo plazo

buyback agreement

acuerdo de recompra

debt buyback

pacto de recompra

debt repurchase

recompra de deuda

buyback arrangement

pacto de recompra

[WTO]
buyback
[WTO]

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buy-down loan

crdito [de la AIF] que se transforma en donacin

[IBRD]

buyer's market

mercado de compradores

soft market

mercado favorable a los compradores

buying exchange rate

tipo comprador

buying rate

tipo de compra

buyer's rate
bid rate

buying member
[IMF]

buy-sell spread
[BPM6]

By-Laws
[IMF]
by-laws

pas miembro comprador

pas que efecta una compra

margen de intermediacin
[MBP6]

Estatutos
[FMI]
reglamento interno
estatuto

By-Laws, Rules and Regulations

+Estatutos y Reglamento+

[IMF]

byproduct

subproducto

by-product

producto derivado

c.i.f. valuation

valoracin c.i.f.

[BPM5]

[MBP5]

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Cafeteria

Cafetera

[IMF]

calculated market interest rate

tasa de inters de mercado calculada

calculated market rate

calculated quota share

[IMF]
share in calculated quotas

cuota calculada relativa

porcentaje que corresponde a un pas en el total de cuotas
calculadas

[IMF]

calendar year

ao civil
ao natural
ao calendario

call account

cuenta de depsitos a la vista

cuenta a la vista
[SCN93]

call for committed funds

peticin de fondos

call

call for subscribed capital

requerimiento de integracin de capital

call in debt

exigir el pago inmediato de la deuda

exigir el pago anticipado de la deuda

call money

prstamo interbancario a un da
dinero a la vista
[SCN93]
dinero a un da

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call option clause

clusula de opcin de renovacin

call option

opcin de renovacin

call provision

call option

opcin de compra

call

call

callable bond

bono rescatable antes del vencimiento

bono amortizable antes del vencimiento
bono redimible antes del vencimiento

CAMELS composite rating

sistema CAMEL

capital, assets, management, earnings, liquidity

capital, activo, utilidades, liquidez, administracin

CAMEL

sistema CAULA

cancellation of arrears

cancelacin de atrasos

[BPM5]

cancellation of SDRs

[MBP5]

cancelacin de DEG

[IMF]

cap

contrato de garanta de tasa mxima

+cap+

Capability Assessment Program

Programa de Evaluacin de las Capacidades

capacity building

fortalecimiento de las capacidades

capacity constraint

limitacin de la capacidad
restriccin de la capacidad productiva

capacity constraints

limitaciones de capacidad

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capacity output

produccin a plena capacidad

capacidad de produccin total

capacity underutilization

subutilizacin de la capacidad productiva

underutilization

subutilizacin de la capacidad de produccin

capacity utilization

utilizacin de la capacidad productiva

utilizacin de la capacidad de produccin

capital

capital

capital account convertibility

convertibilidad de la cuenta de capital

convertibilidad de los saldos de la cuenta de capital
convertibilidad de la moneda a los efectos de las transacciones de
capital

capital account crisis

crisis de la cuenta de capital

capital account flows

flujos de la cuenta de capital

[BPM5]

capital account

cuenta de capital

[budget]

capital accumulation

acumulacin de capital

capital adequacy

adecuacin del capital

capitalizacin adecuada
suficiencia del capital

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capital adequacy ratio

coeficiente de capitalizacin

CAR

coeficiente de capital
coeficiente mnimo de capital
ndice de adecuacin de capital
[Honduras]
IAC
coeficiente de suficiencia de capital
[GISF]
cociente de solvencia patrimonial
razn de solvencia patrimonial

capital adequacy standards

normas relativas a la suficiencia de capital social

[BIS]

capital and financial account

[BPM5]

cuenta de capital y financiera

[MBP5]

capital asset

activo de capital

fixed asset

activo fijo

fixed capital

capital fijo

non-current asset

propiedad

long-term asset

instalacin y equipo

long-lived asset
plant and equipment

capital assets pricing model

modelo de determinacin del precio de los activos de capital

CAPM

capital base

base de capital
capital base

capital budget

presupuesto de capital

[IMF]

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capital buffer

colchn de capital
reserva de capital

capital charges

cargos de capital

capital contributions

aportaciones de capital

[BPM5]

capital controls

controles de capital

capital cost

costo del capital

cost of capital

costo de la inversin
costo de instalacin

capital deepening

aumento de la razn capital/trabajo

intensificacin del uso de capital
intensificacin del capital

capital expenditure

gasto de capital

CAPEX

desembolso de capital

capital outlay

capital flight
[SNA93]

fuga de capitales
[SCN93]

flight of funds

capital flow management measures

medidas de gestin de los flujos de capitales

CFMs

capital flow reversal

reversin de los flujos de capitales

reversal of capital flows

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capital flow

flujo de capital

capital movements

corriente de capital
circulacin del capital
movimientos de capital

capital flows

flujos de capital

capital formation

formacin de capital

[SNA93]

[SCN93]

capital gain

ganancia de capital

holding gains

plusvala
ganancias por tenencia
ganancia de capital por tenencia

capital gains

ganancias de capital

capital gains tax

impuesto sobre las ganancias de capital

capital gearing ratio

razn deuda/capital

gearing ratio

relacin prstamos desembolsados y pendientes-capital y reservas

leverage
[corporate finance, USA]
gearing
[GBR]
financial gearing

[BIRF]
nivel de endeudamiento en relacin con el capital propio
razn prstamos obtenidos/capital
coeficiente de apalancamiento
apalancamiento
[Gua de la deuda, 1993; GISF]
poder multiplicador
capacidad de palanqueo

capital good

bien de capital

producer good

bien de equipo
bien de produccin

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capital income

renta del capital

capital inflows

afluencia de capitales

capital injection

inyeccin de capital

injection of capital
infusion of capital

capital intensiveness

intensidad de uso del capital

capital intensity

capital investment

inversin de capital

capital loss

prdida de capital

capital market

mercado de capital
[SCN93]
mercado de capitales

Capital Market Development and Financial Infrastructure

Divisin de Desarrollo de Mercados de Capital e Infraestructura

Division

Financiera

[MCM/CD]

capital markets

mercados de capital
mercados de capitales

capital requirement
[banking]

requisito de capital
requerimiento de capital
exigencia de capital

capital requirements regulation

reglamentacin sobre requisitos de capital

CRR

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capital revenue

ingresos de capital

[GFSY]

capital scarcity

escasez de capital

capital shortfall

insuficiencia de capital

capital stock

capital
acervo de capital
+stock+ de capital
masa de capital
capital nacional

capital subscriptions to international organizations

suscripciones de capital a organizaciones internacionales

[BPM5]

capital transaction

transaccin de capital

capital transfer

transferencia de capital

capital value

valor de capital
valor en capital
valor capitalizado

capital widening

ampliacin del capital

widening of capital

ampliacin de la capacidad productiva del capital

capital, excluding reserve assets

capital, salvo activos de reserva

capital, excluding reserves

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capital-asset ratio

coeficiente de capital

[banking]

razn capital/activo

capital ratio

nivel de capitalizacin

capital-debt ratio

razn capital/deuda

equity-debt ratio

capital-exporting country

pas exportador de capital

capital-importing country

pas importador de capital

capital-intensive

con uso intensivo de capital

que requiere mucho capital
capital intensivo

capitalization

capitalizacin

capitalization (of interest)

capitalizacin de los intereses

[Paris Club]

capitalization bond

bono de capitalizacin

[debt restructuring]

capitalized value

valor capitalizado

capital-labor ratio

razn capital/trabajo
relacin capital/trabajo

capital-loan ratio

razn capital propio/prstamos

[banking]

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capital-output ratio

razn capital/producto
relacin capital/producto

caption

opcin sobre un contrato de garanta de tasa mxima

+caption+

captive company

empresa con coeficiente forzoso de inversin

captive institution

institucin con coeficiente forzoso de inversin

carbon capture and storage

captacin y almacenamiento de carbono

CCS

captura y almacenamiento de carbono

carbon capture

carbon credits

crditos de carbono

carbon emissions

emisiones de carbono

carbon emissions trading scheme

mecanismo de comercializacin de las emisiones de carbono

carbon trading scheme

cap and trade scheme

carbon finance

finanzas de carbono

carbon footprint

huella de carbono

carbon market

mercado de carbono

carbon pricing scheme

sistema de determinacin de precios del carbono

carbon pricing

sistema de fijacin de precios del carbono

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carbon tax

impuesto sobre el carbono

Career Development Section

Seccin de Desarrollo Profesional

[HRD/SD/CD]

career stream

perfil de carrera

career pattern

escalafn

cargo handling

operaciones de carga y descarga

[BPM5]

[MBP5]

Caribbean Community

Comunidad del Caribe

CARICOM

CARICOM

Caribbean Common Market

Mercado Comn del Caribe

Caribbean Development Bank

Banco de Desarrollo del Caribe

CARIBANK

CARIBANK

CDB

Caribbean Financial Action Task Force

[money laundering]

Grupo de Accin Financiera del Caribe

GAFIC

CFATF

Caribbean Free Trade Area

Zona de Libre Comercio del Caribe

Caribbean Hotel and Tourism Association

Asociacin de Hoteles y Turismo del Caribe

Caribbean I, II Division

Divisin del Caribe I, II

[WHD/C1, C2]

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Caribbean Regional Technical Assistance Center

Centro Regional de Asistencia Tcnica del Caribe

[IMF-CARICOM-UNDP]

CARTAC

CARTAC

carousel fraud

fraude carrusel

missing trader fraud

fraude en cadera

carry over

trasladar al ejercicio siguiente

[budget]

carry trade

traspasar al ejercicio siguiente

arbitraje de tasas de inters entre divisas

carry trade

carryforward

imputacin al ejercicio siguiente

carryover

traslado al ejercicio siguiente

loss carryforward
loss carryover
tax loss carryforward
tax loss carryover

carrying cost (of inventories)

costo de mantener existencias

carrying value

valor contable

carrying amount

[MBP6]

written-down value

valor en libros

book value

valor contabilizado en libros

[MBP5]
valor actual en libros
[MEMF]

Cartagena Agreement

Acuerdo de Cartagena

Andean Subregional Integration Agreement

Acuerdo de Integracin Subregional Andina

IMF GLOSSARY WEB 2015 English Spanish

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cartel

crtel

cartelization

cartelizacin

cascade tax

impuesto en cascada

multistage cumulative tax

cascading
[taxation]

case study

efecto de cascada
efecto cascada

estudio de casos
estudio de casos prcticos

Case-Shiller Index

ndice Case-Shiller de precios de la vivienda

Case-Shiller Home Price Index

ndice Case-Shiller

cash

dinero
[SCN93]
efectivo
contado
metlico
al contado
disponibilidades
caja
[ARG]

cash account

cuenta de caja

[IMF, SDA]

cash balance

saldo de caja
saldo en efectivo

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cash basis accounting

contabilidad base caja

cash accounting

[GMBS]
registro base caja
[SCN 93]
contabilidad en valores de caja
[SCN 93]

cash basis reporting

[GFS 1986]

registro en base de caja

declaracin en valores de caja
informacin basada en transacciones de caja (efectivas)

cash basis, on a

base caja, en

cash based

en base caja

cash bond

bono de caja

cash buyback

recompra de la deuda en efectivo

[debt]

cash crop

cultivo comercial
cultivo de exportacin
[+a veces+]

cash deficit
[GFSM 2001]

dficit de caja
dficit de tesorera
dficit de efectivo

cash economy

economa basada en el uso de numerario

cash-based economy

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cash equivalent

equivalente de efectivo

[GFSM]

equivalente del efectivo

[MEFP]

cash flow

flujo de caja
[GISF; SCN93]
flujo de efectivo
flujo de fondos
movimiento de caja

cash flow budget

presupuesto de caja

cash budget

presupuesto de flujo de fondos

cash plan

presupuesto de tesorera

cash flow relief

mejoramiento de la situacin de liquidez

cash relief

alivio en materia de liquidez

cash flows

flujos de caja
[WHD REO]

cash in bank

efectivo en bancos

cash held by banks

fondos disponibles en bancos

efectivo en poder de bancos

cash in hand
cash on hand
[GFSM]

cash in rights
[IMF rights approach]

cash items

efectivo disponible
[MEFP]
efectivo en caja

canjear los derechos

hacer efectivos los derechos

activos lquidos

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cash loan disbursement

desembolso de prstamo en efectivo

cash loan

prstamo de dinero

financial loan

prstamo en efectivo
prstamo financiero

cash management

administracin de fondos
gestin de caja
gestin de tesorera

cash margin

margen de caja
margen de tesorera

cash market

mercado al contado

physical market
spot market

cash payment

pago al contado
pago en efectivo

cash position

situacin de liquidez
saldo en efectivo

cash rate

tasa de inters de los prstamos da a da

overnight rate

tasa de inters de los prstamos a la vista

call rate

tasa de inters del dinero a la vista

call money rate

tasa interbancaria

interbank call rate

overnight call money rate

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cash ratio requirement

coeficiente de liquidez obligatoria

minimum cash requirement

coeficiente mnimo de reservas en efectivo

encaje en efectivo

cash settlement

pago al contado

cash surplus

supervit de caja

[GFSM 2001]

supervit de tesorera
supervit de efectivo

cash voucher

comprobante de caja

[GFS 1986]

cashier's check
official check

cheque de caja
[COL]

treasurer's check

cheque bancario

bank check

cheque de gerencia

Cashier's

Caja

[FIN/AX/AP/CA]

casualty insurance

seguro de riesgo

catalytic effect

efecto catalizador

catastrophe bonds

bono CAT

CAT bonds

Catastrophe Containment and Relief Trust

Fondo Fiduciario para Alivio y Contencin de Catstrofes

CCR Trust

FFACC

CCRT

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catch-up demand

demanda que recupera su nivel normal

categorical grant

subvencin especfica

[public finance]

subvencin para fines especiales

special purpose grant

subvencin afectada a un fin determinado

Caucasus and Central Asia

el Cucaso y Asia Central

CCA

ceiling

tope
lmite mximo

ceiling price

precio tope
precio mximo

ceiling rate agreement

acuerdo que establece un tope a las tasas (de inters)

Center for Latin American Monetary Studies

Centro de Estudios Monetarios Latinoamericanos

CEMLA

CEMLA

center of economic interest

centro de inters econmico

[BPM5; GFSM]

[MBP5; MEFP]

centered moving average

media mvil centrada

Central Africa Regional Technical Assistance Center

Centro Regional de Asistencia Tcnica de frica Central

[IMF]

AFRITAC Central

Central AFRITAC

Central African Banking Commission

Comisin Bancaria de frica Central

COBAC

COBAC

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Central African Customs and Economic Union

Unin Aduanera y Econmica de frica Central

CACEU

UDEAC

Central African Economic and Monetary Community

Comunidad Econmica y Monetaria de frica Central

CAEMC

CEMAC

Economic and Monetary Community of Central Africa

Central African Economic Union

Unin Econmica de frica Central

UEAC

UEAC

Central African Monetary Area

Zona Monetaria de frica Central

[BEAC]
CAMA

Central African Monetary Union

Unin Monetaria de frica Central

CAMU

UMAC

Central African States Development Bank

Banco de Desarrollo de los Estados del frica Central

CASDB

[+ttulo no oficial+]
BDEAC

Central American Common Market

Mercado Comn Centroamericano

CACM

MCCA
MERCOMUN

Central American Division

Divisin de Amrica Central

[WHD/CA]

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Central American Free Trade Agreement

Tratado de Libre Comercio de Centroamrica-Estados Unidos

CAFTA

CAFTA

Dominican Republic - Central America - United States Free

Tratado de Libre Comercio entre Repblica Dominicana,

Trade Agreement

Centroamrica y los Estados Unidos

CAFTA-DR

CAFTA-RD

Central American peso

peso centroamericano

[CACM]

Central and Eastern European Countries

pases de Europa central y oriental

CEEC

Central Asia Regional Economic Cooperation Program

Programa de Cooperacin Econmica Regional de Asia Central

[ADB]
CAREC

central bank currency swaps

acuerdos de canje de monedas de bancos centrales

[BOP]

Central Bank Gold Agreement

Acuerdo sobre el Oro de los Bancos Centrales

CBGA
Washington Agreement on Gold

Central Bank of West African States

Banco Central de los Estados del frica Occidental

BCEAO

BCEAO

Central Bank Operations Division

Divisin de Operaciones de los Bancos Centrales

[MCM/CO]

central bank sectoral balance sheet and survey

balance sectorial y panorama del banco central

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central bank

banco central

central banker

central banking

actividad de los bancos centrales

operaciones de los bancos centrales
banca central

Central Banking Division

Divisin de Banca Central

[MCM/CB]

central banks

bancos centrales

central counterparty

contraparte central

CCP

entidad de contraparte central

Central Division, I, II, III

Divisin de Europa Central I, II, III

[EUR/C1, C2, C3]

Central Files Unit

Unidad de Archivo Central

[TGS/ID/AR/CF]

central government

gobierno central
administracin central
gobierno central

central limit theorem

teorema central del lmite

central ministry

ministerio central

[budget]

central moment around the mean

momento central en torno a la media

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central planning

planificacin centralizada
planificacin central

Central Product Classification

[UN-EC, statistics]

Clasificacin Central de Productos

CPC

CPC

CCP

central rate

tipo de cambio central

[IMF]

central securities depositary

centrales depositarias de valores

CSD

Centralized Securities Database

Base de Datos Centralizada de Valores

CSDB

CSDB

centrally planned economy

economa de planificacin centralizada

[SNA93]
CPE

economa de planificacin central

economa planificada
economa centralmente planificada
[SCN93]

certificate of indebtedness

certificado de deuda

CI

certified check

cheque certificado

marked check
certified bank check
[GMBS]

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ceteris paribus

ceteris paribus

all other things being equal

siempre que las dems condiciones no varen

other things equal

en igualdad de circunstancias

other things being equal

CFA Franc Zone

zona del franco CFA

franc zone

zona del franco

franc area

CFA franc
[BEAC]

franco CFA
[BEAC]

CFAF

FCFA

chain index

ndice en cadena
ndice encadenado

chaining

encadenamiento

[securities settlement systems]

chain linking

chair
[IMF Governance]

silla
presidencia
presidente

Chairman of the Executive Board

Presidente del Directorio Ejecutivo

[IMF]

Chairman's Statement

declaracin del Presidente del Directorio Ejecutivo

[IMF]

Chairman's summing-up
[IMF, Executive Board]

exposicin sumaria del Presidente del Directorio Ejecutivo

[IMF]

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change in holdings

variacin de las tenencias

[BPM5]

change of ownership

[MBP5]

traspaso de propiedad
cambio de propiedad
transferencia de la propiedad

changes in classifications and structure

[SNA93, BPM5]

cambios de clasificaciones y estructura

cambios en las clasificaciones y estructura
[SCN93]

changes in inventories

variaciones de existencias

changes in stocks

variacin de existencias
cambios de existencias
variacin de inventarios

charge
[+in general+]

cargo
comisin
cargos

chargeback

facturacin al solicitante del servicio

cargo al usuario

chart of accounts

plan de cuentas
plan contable
[MEFP]

charter
[banking]

carta orgnica
estatutos

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cheap money policy

poltica de dinero barato

easy money policy

poltica de dinero abundante

poltica de expansin monetaria

check clearing

compensacin de cheques

check truncation

truncamiento
truncacin

checkable deposit

depsito disponible mediante cheque

checkable savings account

cuenta de ahorro utilizable mediante cheques

[IFS]

checks and balances system

sistema de frenos y contrapesos

sistema de equilibrio de poderes

Chiang Mai initiative

Iniciativa de Chiang Mai

CMI

Chicago Board Options Exchange Volatility Index

ndice de volatilidad elaborado por el Mercado de Opciones de

VIX Index

Chicago (VIX)

VIX

Chief Administrative Officer

Jefa de Administracin

[IMF]
CAO

child allowance

asignacin por hijos a cargo

[IMF-HRD]

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Chinese Section

Seccin de Chino

[TGS]

circuit breaker
[securities market]

circular flow

mecanismo de interrupcin de las operaciones

mecanismo que limita los cambios diarios

corriente circular
flujo circular

circulating capital
[SNA93]

capital circulante
[SCN93]

CIT

impuesto sobre la renta de las personas jurdicas

corporate income tax

IRPJ
impuesto sobre la renta de las sociedades

Civic & Community Relations Office

Oficina de Relaciones Cvicas y Comunitarias

[IMF]

Civic & Community Relations Program

Programa de Relaciones Cvicas y Comunitarias

[IMF]

civil servant
[Balance of Payments Manual - 5th edition (BPM5)]

civil service

funcionario pblico
funcionario y empleado pblico

funcin pblica
cuerpo de funcionarios pblicos
administracin pblica

Civil Society Global Policy Forum

Foro sobre poltica global para la sociedad civil

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civil society organization

organizacin de la sociedad civil

CSO

entidad civil
OSC

Civil Society Policy Forum

Foro de la Sociedad Civil

CSPF

Foro de la Sociedad Civil sobre Polticas

Civil Society Forum

civil society

sociedad civil

civic society

sociedad cvica

claim paid

indemnizacin pagada

[insurance]

claim
[finance]

acreencia
crdito
derecho
derecho sobre un activo
activo frente a, sobre, contra
crdito frente a, sobre, contra

claims on central government

[GMBS]

crdito al gobierno central

crdito frente al gobierno central
activos frente al gobierno central

claims on deposit money banks

crdito a los bancos creadores de dinero

[GMBS; IFS]

claims on general government

[GFS 1986]

crdito al gobierno general

crdito frente al gobierno general
activos frente al gobierno general

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claims on nonfinancial public enterprises

crdito a empresas pblicas no financieras

[GMBS; IFS]

claims on non-life insurance

[BPM5]

indemnizaciones de seguros excepto los de vida

indemnizacin de seguros excepto los de vida
[MBP5]

claims on nonresidents

activos frente a no residentes

[BPM5]

claims on official entities

crdito a entidades oficiales

[GMBS; IFS]

claims on other financial institutions

crdito a otras instituciones financieras

[GMBS; IFS]

claims on private sector

crdito al sector privado

[GMBS; IFS]

claims on state and local governments

crdito a gobiernos estatales y locales

[GMBS; IFS]

Classification of Individual Consumption according to Purpose

clasificacin del consumo individual por finalidades

COICOP

CCIF

Classification of Individual Consumption by Purpose

clasificacin del consumo individual por finalidad

COICOP

Classification of the Functions of Government

[UN]
COFOG

Clasificacin de las funciones de las administraciones pblicas

CFAP
Clasificacin de las funciones del Gobierno
[SCN93]
CFG

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Classification of the Outlays of Producers According to Purpose

Clasificacin de los gastos de los productores por finalidades

[UN; GFSM]

[MEFP]

COPP

CGPF

Classification of the Purposes of Non-Profit Institutions Serving

clasificacin de las finalidades de las instituciones sin fines de lucro

Households

que sirven a los hogares

[UN]

CFISFL

COPNI

clear the market

equilibrar el mercado
igualar la oferta y la demanda en el mercado

clearing account

cuenta de compensacin

[IFS]

clearing arrangement

acuerdo de compensacin

clearing bank

banco compensador
banco de compensacin
banco afiliado a una cmara de compensacin
banco comercial

clearinghouse
clearing house
[SNA93]

cmara compensadora
[SCN93]
cmara de compensacin
[SCN93]

client due diligence

[money laundering]
customer due diligence

procedimiento de debida diligencia con la clientela

principio de conocimiento del cliente
DDC

know your customer

know your client
KYC

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Client Services Division

Divisin de Servicios al Cliente

[TGS/IC]

cliff effect

efecto acantilado
efecto precipicio

climate change

cambio climtico

close substitute

sustituto casi perfecto

sucedneo cercano
buen sustituto

close the books

cerrar la contabilidad

closed account

cuenta cerrada

closed economy

economa cerrada

closed interest parity

paridad de tasas de inters con cobertura

covered interest rate parity

paridad de intereses cubierta

covered interest parity

closed-end grant

subvencin limitada
subvencin de monto definido

closed-end investment trust

fondo de inversiones cerrado

investment trust

sociedad de inversin cerrada

[BPM5]

sociedad de inversin

closed-end investment company

closed-end investment fund

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closing asset

activos al cierre del ejercicio

activos de cierre
[SCN93]

closing balance sheet

[GFSM; SNA93]

balance de cierre
[MEFP]
hoja de balance de cierre
[SCN93]

closing liabilities

pasivos al cierre del ejercicio

pasivos de cierre

cluster sampling

muestreo por conglomerados

cluster-based surveillance

supervisin basada en grupos de pases

cluster level surveillance

coal-fired power generation

generacin de energa a base de carbn

cobweb theorem

teorema de la telaraa

cobweb theory

Code of Conduct Regarding Employment of G-5 Domestic

Cdigo de conducta sobre la contratacin de empleados domsticos

Employees

con visa G-5

[IMF]

code of conduct
[IMF member]

cdigo de conducta
Cdigo de conducta del personal del FMI

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Code of Good Practices on Transparency in Monetary and

Cdigo de Buenas Prcticas de Transparencia en las Polticas

Financial Policies: Declaration of Principles

Monetarias y Financieras: Declaracin de Principios

[IMF]
MFP Transparency Code
MFP Code

coefficient of determination

coeficiente de determinacin

r squared
R

coefficient of variation

coeficiente de variacin

cofinancing arrangement

acuerdo de cofinanciamiento

[IBRD]

cofinancing trust account

[IMF]

Cuenta Fiduciaria de Cofinanciamiento

CFC

CTA

coinage

moneda metlica

coin(s)

moneda
acuar

coincident indicator

indicador coincidente

coincidental indicator

indicador simultneo

cointegration

cointegracin

[statistics]

collaboration with the World Bank

colaboracin con el Banco Mundial

[IMF]

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collar

contrato de garanta de tasa mxima y mnima

corridor

collate
[statistics]

cotejar
confrontar
comprobar
verificar

collateral account

cuenta de garanta

[IMF rights approach]

collateral pooling system

sistema de fondo comn

collateral security

garanta

collateral guarantee
collateral
[BPM6; GFSM]

[MEFP]
garanta prendaria
[MBP6]
garanta pignoraticia
garanta real
garanta de activos
colateral

collateral value

bien utilizado como garanta

collateralize

garantizar
otorgar una garanta real

collateralized bond

bono con garanta

bono con garanta real

collateralized bond obligation

obligacin garantizada con bonos de grado no inversor

CBO

obligacin garantizada por bonos CBO

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collateralized debt obligation

obligacin de deuda garantizada

CDO

CDO
ttulo con garanta sobre deudas (CDO)

collateralized loan obligation

ttulo con garanta sobre prstamos (CLO)

CLO

collateralized loans

prstamos con garanta

collateralized mortgage obligation

obligacin hipotecaria

CMO

obligacin garantizada con hipoteca

obligaciones hipotecarias con garanta
[MBP5]
obligaciones garantizadas por hipotecas
[MEMF]
cdula hipotecaria

collect tax

recaudar impuestos

collection enforcement

cobranza coactiva

[taxes]

collection of data

recopilacin de datos

gathering of data

collective action clause

[debt]

clusula de accin colectiva

CAC

CAC

collective action problems

problemas de accin colectiva

collective action problem

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collective bargaining

negociacin colectiva

collective bargaining agreement

convenio colectivo

collective labor agreement

convenio colectivo de trabajo

labor contract
union contract

collective good

bien pblico

public good

bien comunitario

social good

collective investment scheme

mecanismo de inversin colectiva

CIS

collective judgment

opinin colectiva

sense of the meeting

opinin general
opinin de la mayora

collective representation clause

clusula de representacin colectiva

collusion

colusin

collusive bidding

oferta colusoria

collusive tendering

puja colusoria

bid rigging

Cologne terms

condiciones de Colonia

co-manager

codirector

[syndicated loans]

coadministrador

co-lead manager

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combating the financing of terrorism

represin del financiamiento del terrorismo

CFT

combined market interest rate

tasa de inters de mercado combinada

[SDR]
combined market rate

comfort zone

banda de tolerancia

command economy

economa dirigida

controlled economy

commercial arrears

atrasos en los pagos de la deuda frente a los bancos comerciales

atrasos en los pagos de la deuda en condiciones de mercado

commercial bank

banco comercial

commercial creditor

acreedor comercial
acreedor bancario
acreedor de una deuda en condiciones de mercado

commercial debt

deuda frente a los bancos comerciales

bank debt

deuda frente a los bancos privados

deuda en condiciones de mercado
deuda bancaria

commercial GDP

PIB comercial

[SNA]
commercialized GDP

commercial interest reference rate

tasa de inters comercial de referencia

CIRR

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commercial lender

prestamista comercial
institucin de crdito que opera en condiciones de mercado

commercial lending

prstamo comercial

commercial loan

crdito de bancos comerciales

commercial credit

crdito en condiciones de mercado

[Paris Club]

prstamo en condiciones no concesionarias

nonconcessional loan

commercial letter of credit

carta de crdito comercial

letter of credit

carta de crdito

commercial mortgage-backed security

ttulo respaldado por hipotecas comerciales

CMBS

commercial paper
[FSIG]

efectos comerciales
[GISF]
papel comercial

Commission of the European Communities

[EC]
CEC

Comisin de las Comunidades Europeas

CCE
Comisin Europea

European Commission
EC

Commission on Growth and Development

Comisin de Crecimiento y Desarrollo

commitment authority

facultad para contraer compromisos

facultad para asignar fondos

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commitment basis accounting

contabilidad en base a compromisos

[budget]

base compromiso

commitment basis

commitment fee
commitment charge

comisin por compromiso de recursos

[FMI]
comisin de apertura de crdito
comisin por inmovilizacin de fondos
comisin de compromiso
comisin por compromiso de fondos

commitment gap

dficit de recursos para atender compromisos contrados

[IMF]

commitment period

perodo de compromiso

committed resources

recursos comprometidos

[IMF]

compromisos

commitments

Committee of Eminent Persons to Study Sustainable Long-

Comisin de Notables

Term Financing of the IMF

Comisin de Notables para el Estudio del Financiamiento Sostenible

Committee to Study Sustainable Long-Term Financing of the

a Largo Plazo del FMI

IMF

Comisin para el Estudio del Financiamiento Sostenible a Largo

Committee of Eminent Persons

Plazo del FMI

Crockett Committee

Committee of European Banking Supervisors

Comit de Supervisores Bancarios Europeos

CEBS

CEBS

Committee of the Whole for the [...+i+th] General Review of

Comisin Plenaria sobre la [...] Revisin General de Cuotas

Quotas
[IMF, Executive Board]

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Committee of the Whole for the Development Committee

Comisin Plenaria sobre el Comit para el Desarrollo

[IMF, Executive Board]

CWDC

Committee of the Whole on Review of Quotas

Comisin Plenaria sobre la Revisin de las Cuotas

[IMF, Executive Board]

CQuota

Committee on Article XIV Consultations

Comisin de Consultas del Artculo XIV

[IMF, Executive Board]

Committee on Budget Priorities

Comit sobre Prioridades Presupuestarias

[IMF]
CBP

Committee on Executive Board Administrative Matters

Comisin de Asuntos Administrativos del Directorio Ejecutivo

[IMF, Executive Board]

CAM

Committee on IMF Governance Reform

Comit sobre la Reforma del Gobierno del FMI

Committee on Interpretation

Comisin de Interpretacin

[IMF, Executive Board]

COI

Committee on Liaison with the WTO

Comisin de Enlace con la OMC

[IMF, Executive Board]

CWTO

Committee on Membership -- [country]

Comisin de Admisin -- [pas]

[IMF, Executive Board]

membership committee

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Committee on Rules for the [year] Regular Election of

Comisin de Reglas de Procedimiento para la Eleccin Ordinaria de

Executive Directors

[ao] de Directores Ejecutivos

[IMF, Executive Board]

Committee on the Annual Report

Comisin sobre el Informe Anual

[IMF, Executive Board]

CAR

Committee on the Budget

Comisin de Presupuesto

[IMF, Executive Board]

COB

Committee on the Global Financial System

[BIS]

Comit sobre el Sistema Financiero Global

CGFS

CGFS

commodities price shock

shock de precios de las materias primas

commodity

producto bsico
commodity
producto
mercanca

commodity boom

auge de precios de las materias primas

escalada de precios de las materias primas

commodity composition of trade

desglose del comercio por productos

commodity currency

dinero mercanca

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commodity exchange

bolsa de comercio

commodities exchange

bolsa de productos

exchange

mercado de productos

commodity exporting countries

pases exportadores de materias primas

commodity exports

exportaciones de materias primas

commodity fund

fondo de inversin en materias primas

commodity future

futuro de productos bsicos

[BPM5]

[MBP5]
futuro sobre productos
contrato de futuros sobre productos bsicos

commodity futures market

mercado de futuros de productos

bolsa de futuros de productos

Commodity Futures Trading Commission

Comisin de Operaciones de Futuros de Materias Primas

CFTC

commodity gold
[BPM5; SNA93]

oro mercanca
[MBP5, SCN93]

commodity index fund

fondo de inversin basado en un ndice de materias primas

commodity index investment

inversin en un ndice de materias primas

commodity market

mercado de productos bsicos

commodity prices

precios de las materias primas

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commodity-indexed bond

bono indexado al precio de un producto bsico

commodity bond
commodity-linked bond

commodity-linked finance

financiamiento vinculado al precio de productos bsicos

commodity-backed financing

common agricultural policy

[EU]

poltica agrcola comn

PAC

CAP

common currency zone

[GMBS]

zona monetaria
zona de moneda comn

currency zone
common currency area
[GMBS]
currency area

common financial backstop

mecanismo de apoyo financiero comn

common fiscal backstop

mecanismo comn de apoyo fiscal

Common Market for Eastern and Southern Africa

Mercado Comn para frica Meridional y Oriental

COMESA

COMESA

Common Monetary Area

Zona Monetaria Comn

[AFR]

CMA

CMA

common price method

mtodo del precio comn

[GA]

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common share

accin ordinaria

common stock
ordinary share
stock

commons

patrimonio comn

Commonwealth of Independent States

Comunidad de Estados Independientes

CIS

CEI

Communications Department

Departamento de Comunicaciones

[IMF-COM]
COM

community forestry program

(programa de) plantacin de bosques comunitarios

[IDA]

community-based organization

organizacin de base

CBO

entidad de base

community-driven development

desarrollo impulsado por la comunidad

CDD

comovement

comovimiento

co-movement

co-movement

comovimiento

co-variation

covariacin

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company

compaa

[SNA93; FSIG]

[SCN93; GISF]
empresa
[SCN93]

comparability of treatment

comparabilidad de tratamiento

[London Club; Paris Club]

comparable worth

valor equivalente

comparative advantage

ventaja comparativa

comparative cost advantage

ventaja comparativa de costos

comparative dynamics

dinmica comparada

comparative statics

esttica comparada

comparator organization

comparador

comparator
[IMF staff compensation]

Compensation and Benefits Policy Division

Divisin de Poltica de Remuneraciones y Prestaciones

[HRD/CB]

compensation and benefits

remuneraciones y prestaciones

[IMF]

compensation of employees

remuneracin de empleados
remuneracin de asalariados
remuneracin a los empleados
remuneracin de los asalariados

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compensation package

remuneracin

compensation

compensacin

[SDR]

Compensatory and Contingency Financing Facility

[IMF]

Servicio de Financiamiento Compensatorio y para Contingencias

SFCC

CCFF

compensatory drawing

giro compensatorio

[IMF]

Compensatory Financing Facility

[IMF]
CFF

Servicio de Financiamiento Compensatorio

SFC
crdito compensatorio
[SCN93]

compensatory financing of export fluctuations

financiamiento compensatorio de las fluctuaciones de los ingresos

de exportacin

compensatory financing of fluctuations in the cost of cereal

financiamiento compensatorio de las fluctuaciones del costo de los

imports

cereales importados

[CCFF]

servicio financiero para las importaciones de cereales

cereal facility
[IMF]
cereal component

compensatory official financing

[BPM5]

competitive advantage

financiamiento oficial compensatorio

[MBP5]

ventaja competitiva

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competitive bid

oferta competitiva

[securities auctions]

competitive depreciation
[exchange]

depreciacin competitiva
devaluacin competitiva

competitive devaluation

competitive disadvantage

desventaja competitiva

competitive exchange adjustment

ajuste cambiario competitivo

competitive exchange depreciation

depreciacin cambiaria competitiva

competitive position

competitividad
posicin competitiva
situacin competitiva

competitiveness effect

efecto en la competitividad

competitiveness

competitividad

competitive ability

capacidad competitiva

Compilation Guide on Financial Soundness Indicators

Gua de compilacin de indicadores de solidez financiera

compilation of data

compilacin de datos

compilation

compilacin

[BPM5]

complementary period

perodo complementario

[GFS 1986; budget]

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complete market

mercado perfecto

[capital markets]

complete policies scenario

escenario de aplicacin completa de las polticas

completion point triggers

factores de activacin del punto de culminacin

[IMF--HIPC Initiative]

compliance

cumplimiento

compliance (with performance criteria)

cumplimiento (de los criterios)

[IMF]

compliance function
[Basle Committee]

observacin de ejecucin (de los criterios)

funcin de cumplimiento
funcin de conformidad

comply or explain approach

principio de "cumplir o explicar"

component currency

moneda componente

[IMF]

component loan

prstamo conjunto

joint loan

composition of creditors
[bankruptcy]
composition agreement

concordato con los acreedores

convenio con los acreedores
concurso

creditors' arrangement

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Composition of Official Foreign Exchange Reserves

composicin de las reservas oficiales de divisas

[IMF]

COFER

COFER
currency composition of foreign exchange reserves

compound interest rate

tasa de inters compuesta

compound rate

tasa compuesta

comprehensive budget rule

regla de unidad presupuestaria

budget comprehensiveness principle

budget unity rule

Comprehensive Development Framework

Marco Integral de Desarrollo

[IBRD]
CDF

comprehensive framework

marco general

[GDDS]

compression booster

complemento por factor de compresin

compression factor

factor de compresin
factor de compresin

Comptroller of the Currency, Office of the

[USA]

compulsory deposit

Contralora Bancaria
Supervisor de bancos, inspector de bancos, contralor de la moneda

depsito obligatorio

[GMBS]

compulsory intervention rate

tipo de intervencin obligatoria

[EMS]

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compulsory reserve deposit

depsito de reserva obligatorio

compulsory savings scheme

plan de ahorro obligatorio

[GMBS]

compulsory withdrawal

separacin obligatoria

[IMF]

concertation of policies

concertacin de las medidas de poltica

concertacin de las polticas

concerted new money

nuevos fondos en el marco de operaciones concertadas

financiamiento adicional concertado

concessional assistance

asistencia concesionaria

concessional aid

asistencia de carcter concesionario

ayuda en condiciones favorables

concessional element

elemento concesionario

concessionary element

concessional facility

servicio financiero concesionario

concessional financing

financiamiento concesionario
financiamiento en condiciones concesionarias
financiamiento en condiciones favorables

Concessional Financing Division

Divisin de Financiamiento Concesionario

concessional financing facility

servicio de financiamiento concesionario

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concessional flow

flujo de capital concesionario

concessionary flow

concessional interest rate

tasa de inters concesionaria

concessional loan

prstamo en condiciones concesionarias

concessional resources

recursos de carcter concesionario

concessional terms

condiciones concesionarias

concessionary terms

concessional treatment
[Paris Club]

tratamiento concesionario
concesionalidad

concessionality

concessional

concesionario

concessionary

de carcter concesionario
en condiciones favorables

concessionality

concesionalidad
carcter concesionario

concluding remarks

discussion de clausura

closing remarks

discurso de clausura
palabras de clausura
palabras pronunciadas al final de ...

concurrence of the member

asentimiento del pas miembro

[IMF]

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conditional cash transfer

transferencia monetaria condicionada

CCT

conditional grant
[public finance]

conditional relief arrangement

subvencin condicional
transferencia condicional

rgimen de suspensin condicional del impuesto

[customs]

conditionality for the tranches

[IMF]

conditionality

condicionalidad para el desembolso de cada tramo de crdito

condicionalidad previa a los desembolsos

condicionalidad

[IMF]

conduit

intermediario
medio de transmisin

conduit company

vehculo de inversin estructurada

conduit

sociedad instrumental

Conferences Officer

Oficial de Conferencias

[IMF-SEC]

confidence bands

bandas de confianza

confidence interval

intervalo de confianza

[statistics]

confidence level

nivel de confianza

[statistics]

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confidential

confidencial

[IMF information security]

confirmation

confirmacin

[securities settlement systems]

Conflict-Affected and Fragile Economies Facility

Servicio Financiero para Economas Frgiles y Afectadas por

CAFEF

Conflictos

conflicting assumptions

supuestos contradictorios

conforming mortgage

hipoteca convencional
hipoteca estndar

conglomerate merger

fusin en conglomerado

connected lending

crdito a prestatarios relacionados con los bancos

[FSIG]
connected loan

crdito a prestatarios relacionados

[GISF]

related lending

prstamos vinculados

consent

aceptacin

[IMF quotas]

consentimiento
asentimiento

conservator

curador ad litem

consistency check

verificacin de la concordancia (de los datos)

consistency of valuation

concordancia de la valoracin

[BPM5]

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consistency

consistencia

[statistics]

consistent estimator
[statistics]

consolidated central government

[GFS; GFSY]

coherencia

estimador consistente
estimador coherente

gobierno central consolidado

[GFSY]
operaciones consolidadas del gobierno central
[GFSY]

consolidated general government

[GFS, GFSY]

gobierno general consolidado

[GFSY]
operaciones consolidadas del gobierno general

Consolidated Multilateral Surveillance Report

Informe Consolidado de Supervisin Multilateral

CMSR

ICSM

Consolidated Spillover Report

Informe Consolidado sobre Efectos de Contagio

consolidation

consolidacin

consolidation period

perodo de consolidacin

[debt restructuring]

consortium (for country X)

consorcio (para ...)

consorcio (de coordinacin de la ayuda a ...)

conspicuous consumption

consumo suntuario
consumo ostentoso
consumo de ostentacin

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constant prices

precios constantes

in constant prices

a precios constantes

constant purchasing power parity

paridad del poder adquisitivo constante

constant return

rendimiento constante

constituency

pases representados

[IMF Executive Board and committees]

chair

grupo de pases (que elige un representante)

jurisdiccin
representacin

constraint

restriccin
limitacin

consultation cycle

ciclo de consultas

[IMF]

Consultative Group on Exchange Rate Issues

Grupo Consultivo sobre Tipos de Cambio

CGER

CGER

Consultative Group on Exchange Rates

Consultative Group on International Agricultural Research

[IBRD]

Grupo Consultivo sobre Investigacin Agrcola Internacional

GCIAI

CGIAR

Consultative Group on International Economic and Monetary

Grupo Consultivo sobre Asuntos Econmicos y Monetarios

Affairs, Inc.

Internacionales

Group of Thirty

[+ttulo no oficial+]
Grupo de los Treinta
[+ttulo no oficial+]

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consumer boom

ange del consumo

consumer credit

crdito al consumidor

[SNA93]

[SCN93]
crdito a los consumidores
crdito de consumo
crdito personal

consumer durable

bien de consumo duradero

hard good

bien de consumo durable

consumer expenditure

gastos de consumo

[CPI]

Consumer Financial Protection Bureau

Oficina de Proteccin Financiera del Consumidor

CFPB

consumer price index

ndice de precios al consumidor

CPI

consumer price inflation

inflacin de precios al consumidor

consumer inflation

consumer spending

gasto de los hogares

household expenditure

gasto de los particulares

gasto de los consumidores

consumer surplus

excedente del consumidor

supervit del consumidor

consumer tastes

gustos de los consumidores

consumer preferences

preferencias de los consumidores

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consumerism

consumismo

consumers

consumidores

consumption expenditure

gasto de consumo

consumption spending

consumption function

funcin de consumo

consumption pattern

estructura del consumo

consumption behavior

hbitos de consumo
preferencias de los consumidores

consumption tax

impuesto al consumo
impuesto sobre el consumo

consumption taxes

impuestos sobre el consumo

consumption-based tax

impuesto basado en el consumo

contagion effect

efecto de contagio

contagion

contagio

[FSIG]

contains confidential information

[GISF]

contiene informacin confidencial

[IMF information security]

contango

"contango"

forwardation

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contestable market

mercado de acceso perfecto

perfectly contestable market

mercado perfectamente accesible

contingencies

imprevistos

[FSIG; GFSM]

contingencias
[GISF; MEFP]
riesgos

contingency clause

clusula para contingencias

[IBRD/CCFF]

contingency financing

financiamiento para contingencias

contingent financing

lnea de crdito contingente

contingent credit line

contingency fund
[GFS 1986]

fondo para contingencias

fondo de reserva

contingency reserve

contingency measure

medida para hacer frente a imprevistos

medida contingente
medida para contingencias

contingency mechanism

mecanismo de contingencia para el ajuste de las metas

contingency mechanism for the adjustment of targets

contingent assets and liabilities

activos y pasivos contingentes

contingent claim

crdito contingente

contingent asset

crdito eventual
activo contingente
activo eventual

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contingent claims approach

anlisis desde la ptica de los crditos contingentes

CCA

enfoque de crdito contingente

contingent contract

contrato contingente

[GFSM 2001]

contingent convertible bonds

bonos convertibles contingentes

CoCos

Contingent Credit Line(s)

[IMF]

Lnea(s) de Crdito Contingente

LCC

CCL

contingent liability

pasivo contingente
pasivo eventual

contingent risk

riesgo contingente

continuing resolution

resolucin de continuidad presupuestaria

CR

resolucin de continuidad

continuing appropriations

continuing review, keep under

[IMF credit policies]

continuous session

soometer a un seguimiento continuo

ser objeto de un seguimiento

sesin permanente

[IMF, Executive Board]

contra account

cuenta de contrapartida

valuation allowance

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contracted debt

deuda contratada
deuda contrada

contractionary bias

sesgo contractivo

contractionary impulse

impulso contractivo
impulso contraccionista

contractionary policy

poltica contractiva
poltica contraccionista
poltica restrictiva
poltica de austeridad

contractual maturity
[BPM5]

vencimiento contractual
plazo contractual
[MBP5]

contribution

contribucin
aportacin

contrived scarcity

escasez artificial

control

control
regulacin

control for
[statistics]

Control Unit

neutralizar los efectos

tener en cuenta

Unidad de Control

[FIN/AI/CO]

control variable

variable de control

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Convention on the Elimination of All Forms of Discrimination

Convencin sobre la eliminacin de todas las formas de

against Women

discriminacin contra la mujer

CEDAW

conventional deficit

dficit convencional

convergence criteria

criterios de convergencia

[EU]

criterios de Maastricht

convergence goals
Maastricht criteria
Maastricht goals

convergence in inflation performance

convergencia de las tasas de inflacin

[EC, G7; monetary policy]

convertible adjustable preferred stock

accin preferente convertible a una tasa variable

CAPS

convertible debt instrument

instrumento de deuda convertible

Cooperation Council for the Arab States of the Gulf

Consejo de Cooperacin de los Estados rabes del Golfo

Arab Gulf Cooperation Council

Consejo de Cooperacin del Golfo

GCC

Consejo para la Cooperacin en el Golfo

Gulf Cooperation Council

cooperation test

prueba de cooperacin

[IMF]

cooperative arrangements (for maintenance of value of

regmenes cooperativos (para mantener el valor de las monedas)

currencies)
[IMF, exchange arrangements]

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cooperative monetary arrangement

rgimen monetario cooperativo

[monetary policy]

mecanismo de cooperacin monetaria

cooperative arrangement
common arrangement
common monetary arrangement

cooperative sector
[SNA93]

sector de cooperativas
sector cooperativo
[SCN93]

Coordinated Compilation Exercise

ejercicio coordinado de compilacin

CCE

coordinated financial transactions tax

impuesto coordinado sobre las transacciones financieras

Coordinated Portfolio Investment Survey

Encuesta coordinada sobre inversin de cartera

[IMF, OECD]

ECIC

CPIS

Coordination and Standards Division

Divisin de Coordinacin y Normas

[PDR/CS]

Coordination Framework for Implementation Monitoring

mecanismo de coordinacin para el seguimiento de la

CFIM

implementacin de las reformas por parte del Consejo de

Estabilidad Financiera
CFIM

copula function

funcin de cpula

copula

funcin cpula
cpula

core bank

banco comercial principal

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core data category

categora de datos bsicos

[GDDS]

core fund

fondo bsico

[Global Environment Facility, WB]

core funding

financiamiento bsico

core inflation

inflacin subyacente

underlying inflation

inflacin bsica

built-in inflation

core labor standards

[ILO]

normas laborales fundamentales

normas fundamentales del trabajo

CLS

core lending

prstamo bsico

[IBRD]

core liquidity

liquidez bsica

Core Principles for Systemically Important Payment Systems

Principios bsicos para los sistemas de pago importantes a nivel

[BIS-CPSS]

sistmico
Principios bsicos para los sistemas de pagos de importancia
sistmica

core statistical indicator

indicador estadstico bsico

[IMF]

core surveillance data

datos bsicos para la supervisin

[IMF]

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corporate accounting standards

normas de contabilidad empresarial

corporate banking

servicios bancarios al sector empresarial

corporate bond

bono emitido por una empresa

bono empresarial
bono corporativo

corporate bonds

bonos corporativos

corporate debt

deuda corporativa
deuda de las empresas

corporate enterprise

empresas constituidas en sociedad

corporate equity

patrimonio social
fondos propios

corporate governance

gobierno societario
gobierno corporativo
gobierno empresarial
gobierno de las sociedades

corporate raider

depredador

[stock exchange]
raider

corporate restructuring

reestructuracin de empresas

[enterprises]
restructuring

corporate risk spreads

diferenciales de riesgo corporativo

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corporate sector

sector empresarial
sector de empresas

corporate sector workout

reestructuracin de la deuda del sector empresarial

corporate workout
workout

Corporate Services and Facilities Department

Departamento de Servicios Corporativos e Instalaciones

CSF

corporate spread

diferencial de la deuda empresarial

diferencial de la deuda corporativa
diferencial de los valores de renta fija

corporate state

Estado empresario, empresa

corporatism

corporativismo

correction

correccin de la tendencia

[securities market; GFSM; SNA93]

correccin
[MEFP; SCN93]

correlation coefficient

coeficiente de correlacin

[statistics]

correlation ratio

razn de correlacin

correlation table

tabla de correlacin

correlogram

correlograma

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correspondence table

cuadro de correspondencia

conversion key

clave de conversin

correspondent bank

banco corresponsal

Corruption Perception Index

ndice de Percepcin de la Corrupcin

CPI

cost & freight

costo y flete

c. & f.

c. & f.

CFR

cost accounting

contabilidad de costos
contabilidad analtica

cost and result accounting

contabilidad de costos y resultados

cost control

control de (los) costos

cost effect

efecto de costo

cost effectiveness

eficacia en funcin de los costos

effectiveness

cost efficiency

eficiencia de costos
eficiencia en funcin del costo

cost of carry

costo de inmovilizacin del capital

cost of living adjustment

ajuste por costo de vida

COLA

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cost of living allowance

asignacin por costo de vida

COLA

cost oil

costo de produccin del petrleo

costo del petrleo

cost price

precio de costo

cost pricing

determinacin del precio en funcin del costo

fijacin del precio en funcin del costo

cost recovery

recuperacin de costos

[BPM5]

cost, insurance, and freight

costo, seguro y flete

c.i.f.

c.i.f.

cost, insurance, freight

costo, seguro, flete

[SNA93]

[SCN93]

cost-benefit analysis

anlisis de costo-beneficio

cost-efficient

eficiente en funcin del costo

costlessly reversible entry (into a market)

entrada reversible y sin ningn costo

cost-of-living index

ndice del costo de la vida

[CPI]

ICV

COLI

cost-price relationship

relacin costo-precio

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cost-push inflation

inflacin de costos

cost inflation

inflacin ocasionada por los costos

Council for Arab Economic Unity

Consejo de la Unidad Econmica Arabe

CAEU

CUEA

Council for Mutual Economic Assistance

Consejo de Asistencia Econmica Mutua

CMEA

CAEM

Council of Europe

Consejo de Europa

Council of the Americas

Consejo de las Amricas

Council of the European Union

Consejo de la Unin Europea

[EU]

Consejo de Ministros

Council of Ministers

Council

Consejo

[IMF, AA]

Councillor

consejero

[AA II, Art. XII & VI, Schedule D]

Counsel

Abogado

[IMF]

Counsel, Consulting

Consultor Jurdico

[IMF-LEG]

Counsel, Senior

Abogado Principal

[IMF-LEG]

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Counsellor (of the Fund)

Consejero

[IMF]

countercyclical action

medida anticclica

anticyclical measure

countercyclical capital buffer

reserva de capital anticclica

countercyclical facility

servicio financiero anticclico

countercyclical policy

poltica anticclica
poltica contracclica

counterfactual analysis

anlisis de una situacin ficticia

counterfeit currency

moneda falsificada

counterpart entry

asiento de contrapartida

counterpart item

contrapartida

counterpart fund

fondo de contrapartida

[GMBS]

counterpart to allocation/cancellation

contrapartida de asignacin/cancelacin

[IMF, BPM5]

counterpart to monetization/demonetization of gold

contrapartida monetizacin/desmonetizacin de oro

counterpart to monetization/demonetization

contrapartida de monetizacin/desmonetizacin

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counterpart to valuation changes

contrapartida de las variaciones por revaloracin

[BPM5; IFS Descriptors]

revaluation counterpart

contrapartida de variaciones de valoracin

[MBP5]
contrapartida de variaciones por revalorizacin

counterparty credit risk

riesgo de crdito de la contraparte

Counterparty Risk Management Policy Group

Grupo de Gestin del Riesgo de Contraparte

CRMPG
Counterparty Risk Management Group
Corrigan Group

counterparty
[securities settlement systems]

counterpurchase

contraparte
[MEFP]

compras de contrapartida

[trade]

countertrade
[BPM5]

countervailing duty

comercio de compensacin
[MBP5]

derecho compensatorio

antibounty duty

countries with a diversified export base

pases con exportacin diversificada

countries with recent debt-servicing difficulties

pases con dificultades recientes de servicio de la deuda

countries without recent debt-servicing difficulties

pases sin dificultades recientes de servicio de la deuda

country advisory committee

comit consultivo (para un pas)

[debt restructuring]

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country brief

sinopsis de un pas

[IBRD]

country coordinator

sinopsis sobre un pas

coordinador nacional

[GDDS]

Country Data Review Division

Divisin de Examen de las Estadsticas por Pases

[STA/CR]

Country Director

Director a cargo de ... (pases)

[IBRD]

country economic memorandum

memorando econmico (sobre un pas)

[IBRD]
CEM

country evaluation system

base de datos por pases

[IMF]
CES

country exposure

exposicin a un pas
cantidad prestada a un solo pas

Country Governance and Anticorruption Strategy

estrategia relativa al buen gobierno y la lucha contra la corrupcin

CGAC

estrategia de buen gobierno y lucha contra la corrupcin

estrategia para promover el buen gobierno y combatir la corrupcin

Country Information System

[IMF]

Sistema de Informacin sobre los Pases Miembros del FMI

CIS

CIS

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country ownership

identificacin de los pases con los programas

borrower ownership

identificarse con el programa

program ownership

sentido de propiedad de los prestatarios

ownership

sentir el programa como propio

autora del programa

country page
[IFS]

pgina correspondiente a [pas]

pginas de pases
pginas por pases

Country Partnership Framework

marco de alianza con el pas

CPF

country partnership strategy

[World Bank]

estrategia de asistencia a un pas

estrategia de asistencia al pas

CPS
country assistance strategy
[IBRD]
CAS

Country Policy and Institutional Assessment

[World Bank]

evaluacin de las polticas e instituciones nacionales

EPIN

CPIA

country risk rating

clasificacin crediticia de un pas

country rating

country risk
[BPM5]

country strategy brief

riesgo pas
[MBP5]

documento de orientacin sobre la estrategia para un pas

[IMF]

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country-owned [strategy, program]

nacional
formulado por el pas
de inspiracin nacional

country-specific shock

shock especfico de determinado pas

coupon bond

bono con cupones

coupon rate

tasa de inters nominal

tasa de cupn

covariance

covarianza

covariance matrix

matriz de covarianzas

covenant lite loan

prstamo no sujeto a las condiciones tradicionales

cov-lite

cover

garanta de crdito a la exportacin

[export credit]

coverage
[IMF-EBB]

cobertura (de los datos)

[MBP5; MEFP; SCN93]
campo especfico de aplicacin
[SCN93]
campo de aplicacin
extensin
amplitud
[SCN93]

covered bond

bono cubierto

mortgage bond

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covered interest rate arbitrage

arbitraje de tasas de inters con cobertura

[exchange market]
CIA

covered interest rate differential

[exchange market]

diferencial de tasas de inters con cobertura

diferencial de tasas de inters cubierto

CPIS-reporting countries

pases que participan en la ECIC

crack spread

+crack spread+

[Petroleum industry]
gasoline crack spread

crawling peg

tipo de cambio mvil

adjustable peg

paridad mvil

fixed but adjustable exchange rate

paridad ajustable
tipo de cambio fijo pero ajustable
sistema de paridad cambiaria mvil

Creative Services Team

Grupo de Servicios Creativos

[TGS/DG/CS]

credit

crdito
[SCN93]
abono

credit aggregates

agregados crediticios
agregados de crdito

credit an account with an amount

acreditar una suma en una cuenta

credit an amount to an account

abonar en cuenta

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credit arrangement

acuerdo de crdito

[IMF]

credit balance

saldo acreedor

credit ceiling

tope de crdito

credit limit

lmite de crdito

lending ceiling

credit channel

canal del crdito

credit conditions

condiciones crediticias

credit contraction

contraccin del crdito

credit conversion factor

factor de conversin del crdito

[BIS Capital Accord]

credit cooperative

cooperativa de crdito

[GMBS]

credit crunch

compresin del crdito

credit squeeze

restriccin pronunciada del crdito

credit freeze

escasez de crdito

tightening of credit

contraccin del crdito

credit cycle

ciclo del crdito

[WHD REO]
ciclo crediticio
[WHD REO]

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credit default swap

swap de riesgo de incumplimiento del deudor

CDS

swap de proteccin contra deudas impagas

swap de deuda impaga
swap de incumplimiento crediticio
swap de riesgo de incumplimiento de crdito
swap de riesgo de crdito

credit derivative

instrumento derivado sobre crditos

[GISF; MBP6]

credit downgrade

rebaja de la calificacin crediticia

credit easing

flexibilizacin del crdito

credit entry

asiento de crdito

[accounting]

abono

credit event

evento crediticio

credit exposure

riesgo de crdito

[BIS]

[GISF]
exposicin crediticia
[GISF]

credit freeze

restriccin del acceso al informe crediticio

security freeze

credit from monetary authorities

crdito de las autoridades monetarias

[IFS; GMBS]

credit intermediation

intermediacin crediticia

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credit market

mercado de crdito

credit policy

poltica crediticia
poltica de crdito

credit rating

calificacin crediticia

credit rating agency

agencia calificadora del riesgo crediticio

[corporations]
credit agency

entidad de calificacin del riesgo crediticio

calificadora de riesgo

mercantile agency
international rating agency
rating agency
rating services
CRA

credit ratings

calificaciones crediticias

credit rationing

racionamiento del crdito

credit retrenchment

repliegue del mercado de crdito

credit risk indicator

indicador del riesgo de crdito

CRI

credit risk
[FSIG]
counterparty risk

riesgo de crdito
[GISF]
riesgo de contraparte
riesgo de incumplimiento de la contraparte
riesgo crediticio

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credit spread

diferencial de crdito
diferencial crediticio
margen crediticio
diferencial de tasas de prstamos

credit supply

oferta de crdito

credit tranche drawing

giro en los tramos de crdito

[IMF]

credit tranche policies

[IMF]

credit tranche position

compra en los tramos de crdito

poltica de tramos de crdito

poltica relativa a los tramos de crdito

posicin en el tramo de crdito

saldo en el tramo de crdito

credit tranche purchase

compra en los tramos de crdito

[IMF]

credit tranche

tramo de crdito

[IMF]

credit transmission

mecanismo de transmisin del crdito

credit union

cooperativa de crdito

cooperative savings association

cooperativa de ahorro y crdito

cooperativa de ahorro
caja de crdito

credit-driven growth

crecimiento impulsado por el crdito

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credit-enhanced obligation

obligacin reforzada

[securities]
enhanced obligation

creditor approach

perspectiva del acreedor

creditor approach to interest expense

creditor bail-in

rescate con participacin de los acreedores

creditor bank

banco acreedor

creditor country

pas acreedor

creditor position in the IMF

saldo acreedor en el FMI

[IMF]
reserve position in the IMF
reserve position in the Fund
[BPM5; IFS]

posicin de reserva en el FMI

[MBP5]
saldo de reserva en el FMI
posicin de reserva en el Fondo

RPF

creditor position

saldo acreedor

asset position

posicin acreedora

creditor reporting system

Sistema de notificacin (de la deuda) por parte de los pases

CRS

acreedores
sistema de notificacin de los pases acreedores de la OCDE
[MBP5]
sistema de notificacin de la deuda por el acreedor

creditor
[GFSM; SNA93]

acreedor
[MEFP; SCN93]

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creditworthiness

solvencia

credit standing

capacidad crediticia

creeping inflation (steady)

inflacin latente

persistent inflation

crisis bystanders

pases afectados indirectamente por la crisis

crisis resolution

resolucin de crisis

Crisis Resolution Issues Division

Divisin de Asuntos relativos a la Resolucin de Crisis

[SPR/CR]
CRI

crisis response window

ventanilla de respuesta a las crisis

[IDA]
CRW

critical value

valor crtico

criticized asset

activo de muy baja calificacin

crony capitalism

capitalismo amiguista
capitalismo prebendario
capitalismo de camarilla
capitalismo de compadrazgo

cronyism

amiguismo

crop year

campaa
campaa agrcola
ao agrcola

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cross border financial institutions

instituciones financieras transfronterizas

nstituciones financieras transnacionales

cross debts

deudas cruzadas

cross elasticity

elasticidad cruzada

cross rate

tipo de cambio cruzado

cross-border acquisitions

adquisiciones transfronterizas

cross-border capital mobility

movilidad transfronteriza del capital

cross-border claim

crdito externo

transborder claim

crdito sobre el exterior

transborder interbank claim

crdito interbancario transfronterizo

crdito exterior

cross-border coordination

coordinacin internacional

cross-border effects

efectos transfronterizos
efectos transfronterizos

cross-border financial institutions

instituciones financieras transfronterizas

cross-border flows

flujos transfronterizos

cross-border financial flows

flujos financieros transfronterizos

cross-border investment

inversin en otras economas

[BOP Manual p. 330]

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cross-border lending

prstamos al exterior

foreign lending

prstamos a no residentes

cross-border links

vnculos transfronterizos
[WHD REO]

cross-border risk

riesgo externo
riesgo exterior

cross-classification
multiple classification
[statistics]

clasificacin cruzada
[SCN93]
clasificacin mltiple
clasificacin de doble entrada

cross-conditionality

condicionalidad cruzada

[IMF-IBRD]

cross-country analysis

anlisis comparativo de pases

cross-country review

anlisis multinacional

cross-country study

estudio multinacional
estudio de varios pases
estudio transnacional

Cross-country Report

informe transnacional
informe de alcance transnacional

cross-country spillovers

contagio entre pases

cross-currency interest rate swap

+swap+ cruzado de divisas e intereses

interest and cross-currency swap

cross-currency warrant

certificado para compra indirecta de moneda

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cross-cutting issue

cuestin interrelacionada
cuestin intersectorial
problema trascendental

cross-default clause

clusula de incumplimiento cruzado

[London Club]

cross-elasticity of demand

elasticidad cruzada de la demanda

CED

cross-section analysis

anlisis transversal

cross-sectional study

anlisis de corte transversal

anlisis de seccin transversal

cross-subsidization

subsidios cruzados

crowd out

desplazar
excluir

crowded trade

concentracin de posiciones

concentration of market positions

concentration of positions
herding

crowding-in effect

efecto de atraccin

crowding-out effect

efecto de desplazamiento

crowding out of private investment

efecto de desplazamiento de la inversin privada

efecto de expulsin
efecto de exclusin

CSO Townhall Meetings

Encuentros de las OSC con funcionarios del FMI

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cumulative access limit

lmite de acceso acumulado

cumulative frequency curve

curva de frecuencias acumulativas

cumulative net drawings

giros netos acumulados

[IMF]

curb market
[SNA93]

mercado informal
[SCN93]

curb
kerb market
[UK]

currencies and securities with depositories

monedas y valores en poder de depositarias

[IMF]

currency acceptable to the Fund

moneda aceptable para el FMI

[IMF]

currency alignment

alineacin de las monedas

alineamiento de los tipos de cambio

currency basket

cesta de monedas

basket of currencies

canasta de monedas

currency bloc

bloque monetario

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currency board arrangement

rgimen de caja de conversin

[IMF exchange rate classification system, 2006]

CBA
currency board
[GFSM]

rgimen de convertibilidad
[ARG]
caja de conversin
junta monetaria
[MEFP]

currency component

componente monetario

[IMF]

currency composite

unidad monetaria compuesta

composite of currencies

currency composition

composicin monetaria
composicin por monedas
[BPM6]

currency conversion
[BPM5]

cambio de la denominacin monetaria de la deuda

conversin de la deuda a otra moneda
conversin de monedas

currency convertibility

convertibilidad de la moneda

currency convertible in fact

moneda convertible de hecho

[IMF]

currency crisis

crisis cambiaria

currency depreciation

depreciacin cambiaria
depreciacin de la moneda

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currency holdings

tenencias de monedas

[IMF]

[P45]

IMF holdings of currencies

tenencias del FMI de monedas

Fund holdings of currencies

monedas en poder del FMI

currencies held by the Fund

[IMF]

currency in circulation

dinero en circulacin
billetes y monedas en circulacin
efectivo en circulacin
circulacin fiduciaria
numerario en circulacin

currency issue

emisin monetaria

currency liabilities

pasivos monetarios

currency mismatch

descalce de monedas

[FSIG]

[GISF]
discordancia entre la moneda de denominacin de los activos y
pasivos

currency option bond

bono con opcin de cambio

currency outside banks

billetes y monedas en circulacin

cash outside banks

billetes en poder del pblico

efectivo en circulacin
efectivo en manos del pblico
dinero en circulacin

currency overshooting

ajuste cambiario excesivo

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currency redenomination

cambio de la unidad monetaria

redenominacin monetaria
reexpresin monetaria

currency substitution

sustitucin de monedas

currency swap

swap de monedas
canje de monedas

currency union

unin monetaria

Currency Union Technical Expert Group

Grupo de Expertos Tcnicos en Uniones Monetarias

CUTEG

GETUM

currency unit

unidad monetaria

currency valuation adjustment

ajuste de valoracin

[IMF, accounts]
CVA

ajuste de valoracin de la moneda

ajuste por valuacin

valuation adjustment

currency war

guerra de divisas
guerra de monedas

currency warrant

certificado para compra de moneda

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currency

dinero

[BPM5; BPM6; GFSM; SNA93]

[SCN93]
moneda
[MBP5; SCN93]
circulante
[SCN93]
numerario
dinero legal
[SCN93]
billetes y monedas en circulacin
[SCN93]
billetes y monedas
[MBP6; MEFP]

currency-deposits ratio

razn moneda/depsitos

[commercial banks]

current account

cuenta corriente

current account balance

saldo de la balanza de pagos en cuenta corriente

balance on current account

[MBP5]
saldo de la balanza en cuenta corriente
[MBP5]
saldo en cuenta corriente
[MBP5]
balanza corriente
balanza en cuenta corriente
saldo por cuenta corriente

current account convertibility

convertibilidad de la cuenta corriente

convertibilidad de los saldos de la cuenta corriente
convertibilidad de la moneda a los efectos de las transacciones
corrientes

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current account deficit

dficit en cuenta corriente

current account surplus/deficit

supervit/dficit en cuenta corriente

[GFSY]

[Amrica Latina]
supervit/dficit por cuenta corriente
[Espaa]

current asset

activos corrientes

short-term asset

activos realizables a corto plazo

current budget

presupuesto corriente
presupuesto ordinario

current capital
net current assets
working capital
[SNA93]

capital de trabajo
[SCN93]
capital circulante
capital de explotacin
[SCN93]

Current Communications Division

Divisin de Comunicaciones Peridicas

[COM/CC]

current cost accounting

contabilidad en base a valores corrientes

[GBR]
CCA

current disbursement

gasto corriente

[retirement; social security]

current expenditure

gasto corriente

current expenditures

gasto ordinario

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current grants

donaciones corrientes
subvenciones corrientes

current liability

pasivo corriente

short-term liability

pasivo disponible

current debt

pasivo realizable a corto plazo

pasivo a corto plazo

current maturities

vencimientos corrientes
deuda que vence durante el perodo corriente

current policies scenario

escenario basado en las polticas actuales

current prices

expresados en precios corrientes

in current prices

a precios corrientes

at current prices

precios corrientes

[CPI]

Current Publications Division

Divisin de Publicaciones Peridicas

current ratio

coeficiente de solvencia inmediata

coeficiente de liquidez inmediata

current replacement cost

replacement cost

costo de reposicin
[MBP5]
costo corriente de reposicin
[MBP5]

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current revenue

ingresos corrientes

[GFSY]

[SCN93]

current receipts
[SNA93]
CR

current transaction

transaccin corriente

current transfer

transferencia corriente

current transfer payments/receipts

pagos/ingresos de transferencias corrientes

current value

valor actual

present value

valor presente

PV

current, to be
[IMF]

estar al da
estar al corriente
cumplir

current-weighted index

ndice ponderado en funcin del perodo corriente

Paasche index

ndice en magnitudes del perodo corriente

ndice de Paasche

curve

curva

custodian bank

banco de custodia

[asset management]

custody account

banco custodio

cuenta en custodia

[GMBS]
custodian account

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customary business practices

prcticas comerciales habituales

usos comerciales

customs administration

administracin de aduanas
administracin aduanera

customs bond

fianza de aduanas
garanta aduanera

customs bonded warehouse

bonded warehouse

almacn bajo control aduanero

[MBP5]
depsito bajo control aduanero
[MBP5]
recinto fiscal
depsito de aduana
[MBP5]

customs clearance

despacho de aduanas
[MBP5]

Customs Co-operation Council Nomenclature

Nomenclatura para la Clasificacin de Mercancas en los Aranceles

CCCN

de Aduanas

Nomenclature for the Classification of Goods in Customs Tariffs

Nomenclatura del Consejo de Cooperacin Aduanera

Brussels Tariff Nomenclature

NCCA

BTN

Nomenclatura Arancelaria de Bruselas

Brussels Nomenclature

NAB
Nomenclatura de Bruselas

Customs Co-operation Council

Consejo de Cooperacin Aduanera

CCC

CCA

customs documentation

documentos presentados a la aduana

[GATT]

IMF GLOSSARY WEB 2015 English Spanish

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customs drawbacks

devolucin (de cargas a la importacin)

[GFS 1986]

customs duty

derecho aduanero
derecho de aduanas

customs duty bill

letra de aduana garantizada

customs frontier

frontera aduanera
[MBP5]

customs returns

estadsticas aduaneras
[MBP5]

customs tariff
tariff
[SNA93]

arancel
[SCN93]
arancel aduanero
arancel de aduanas
derechos de aduana
tarifa
[SCN93]

customs union

unin aduanera

tariff union

unin arancelaria

customs valuation

valoracin en aduana
aforo aduanero
valoracin aduanera
[MBP5]

cutback(s)

reduccin del gasto pblico

[fiscal policy]

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cutoff date

fecha lmite

[Paris Club]

cyclical influence

fecha de corte

influencia cclica
influencia del ciclo

cyclical unemployment

desempleo cclico

cyclically adjusted

ajustado en funcin del ciclo

ajustado en funcin de las variaciones cclicas

cyclically neutral budget

presupuesto neutro con respecto a la fase del ciclo

presupuesto cclicamente neutro

cyclically-adjusted fiscal balance

saldo fiscal ajustado en funcin del ciclo econmico

CAB

dark pool

plataforma de negociacin annima

dark pool of liquidity

dark liquidity

Data and Information Systems Section

Seccin de Datos y Sistemas de Informacin

[RES/WO/DI]

data dissemination

divulgacin de datos

Data Dissemination Standards Division

Divisin de Normas para la Divulgacin de Datos

[STA/DD]

IMF GLOSSARY WEB 2015 English Spanish

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data entry

entrada de datos

[IT]

carga de datos

data input

consignacin de datos

data capture

registro de datos

logging

Data Quality Assessment Framework

[IMF, DSBB]

Marco de Evaluacin de la Calidad de los Datos

[MBP6]

DQAF

MECAD

Data Quality Reference Site

sitio de referencia sobre la calidad de los datos

[IMF, DSBB]

data reporting

declaracin de datos

[IMF-STA]
reporting
[IMF-STA]

Data Standards Initiative

Iniciativa sobre normas de datos

[IMF]
Standards Initiative

Data Template on International Reserves and Foreign Currency

Planilla de declaracin de datos sobre las reservas internacionales y

Liquidity

la liquidez en moneda extranjera

reserves data template

planilla de declaracin de datos sobre reservas

[GDDS]

planilla de reservas internacionales

reserve template

dataset-specific quality assessment framework

marco especfico de evaluacin de la calidad de los datos

dataset-specific framework
specific assessment framework

IMF GLOSSARY WEB 2015 English Spanish

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day trade

comercio diario de acciones (por Internet)

day trading

especulacin burstil a travs (de Internet)

daylight trade

juego de bolsa (por Internet)

negociacin intrada
contratacin intrada
operaciones intrada

day trader

day trader
operador intrada
especulador burstil (a travs de Internet)

daylight credit

crdito intrada

daily overdraft

crdito intradiario

daylight exposure
intraday credit

de minimis clause

clusula +de minimis+

[Paris Club]

de risking

proceso en el que instituciones financieras abandonan o reducen

significativamente lneas de negocio con el fin de evitar riesgos de
cumplimiento (compliance risk) y/o regulatorios.

deadweight loss

prdida de eficiencia

efficiency loss

dealer
[USA]

operador de valores
operador burstil

jobber
[GBR]

death duties
[BPM5; SNA93]

derechos de sucesin
[MBP5; SCN93]

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Deauville Partnership with the Middle East

Asociacin de Deauville

Deauville Partnership

debenture debt

deuda en obligaciones
deuda en bonos

debenture
[GBR; USA]

obligacin
+debenture+
obligacin sin garanta especfica
[MEFP]

debit

dbito
cargo
adeudo

debit an account with an amount

debitar una suma en una cuenta

debit an amount to an account

adeudar en cuenta

debit balance

saldo deudor

debit entry

asiento de dbito

[accounting]

adeudo
cargo

debriefing

sesin informativa al regreso de una misin

[IMF]

debt amortization

amortizacin de la deuda

amortization

amortizacin

Debt and Capital Market Instruments Division

Divisin de Instrumentos de Deuda y del Mercado de Capitales

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debt and debt service reduction

reduccin del saldo y el servicio de la deuda

DDSR

debt bias

sesgo a favor de la deuda

debt burden

carga de la deuda

debt capital

capital obtenido en prstamo

loan capital

recursos ajenos

debt ceiling

tope de endeudamiento

debt consolidation operations

operaciones de consolidacin de la deuda

[GMBS]

debt consolidation

consolidacin de la deuda

debt funding

consolidacin

funding

debt conversion bond

bono de conversin de la deuda

DCB

debt conversion
[Paris Club]

conversin de la deuda
canje de deudas

debt swap

canje de ttulos de deuda

debt-debt swap

swap de una deuda por otra

bond swap

swap de deuda

debt covenant

clusulas contractuales

covenant

compromiso contractual

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debt disbursed and outstanding

crdito desembolsado y pendiente de reembolso

saldo de la deuda

debt fatigue

fatiga causada por la deuda

debt financing

financiamiento mediante deuda

debt finance

financiamiento mediante el endeudamiento

debt for aid swap

canje de deuda por programas de asistencia

[Paris Club]

debt for development swap

canje de la deuda por financiamiento para el desarrollo

debt for education swap

conversin de la deuda en programas de educacin

debt for environment swap

canje de la deuda por medidas de proteccin ambiental

debt for nature swap

debt-for-nature

debt for nature swap

[Paris Club]

canje de la deuda por medidas de proteccin de la naturaleza

canje de la deuda por medidas de proteccin de los recursos
naturales

debt forgiveness

condonacin de la deuda

debt cancellation

cancelacin de la deuda

cancellation of debt

remisin de la deuda

forgiveness

anulacin de deudas

debt holder

tenedor de un instrumento de deuda

acreedor

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debt induced deflation

deflacin debida a la deuda

debt deflation

debt intolerance

intolerancia a la deuda

debt issuance

emisin de deuda

debt limits policy

poltica sobre lmites de endeudamiento

DLP

debt management

gestin de la deuda

Debt Management Performance Assessment

Herramienta de Evaluacin de Desempeo de Gestin de la Deuda

DeMPA

debt moratorium
[London Club]

moratoria de la deuda
moratoria de pagos

debt standstill
payments standstill

debt overhang

sobreendeudamiento
[MBP5]

Debt Policy Division

Divisin de Poltica de Deuda

[IMF-SPR]

debt principal

capital de la deuda

principal

principal

debt profile

perfil de la deuda

IMF GLOSSARY WEB 2015 English Spanish

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debt ratio

coeficiente de endeudamiento

Debt Reduction Facility for IDA-Only Countries

Fondo para la reduccin de la deuda de pases que solo pueden

[IBRD]

recibir financiamiento de la AIF

IDA Debt Reduction Facility

debt reduction fund

[IBRD]

fondo para la reduccin de la deuda

fondo multilateral para la reduccin de la deuda

multilateral debt facility

MDF

debt reduction operations

operaciones de reduccin de la deuda

DROPS

debt refinancing

refinanciamiento de la deuda
[MBP6]
refinanciacin de la deuda

debt relief

alivio de la deuda
alivio de la carga de la deuda

Debt Relief for Low-Income Countries: The Enhanced HIPC

+Alivio de la deuda para los pases de bajo ingreso: Iniciativa

Initiative

reforzada para los pases pobres muy endeudados+

debt reporting system

sistema de notificacin de la deuda por el deudor

[IMF]

debt reprofiling

[MBP5]

reestructuracin del perfil de la deuda

[Paris Club]
reprofiling

IMF GLOSSARY WEB 2015 English Spanish

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debt repudiation

repudio de la deuda

[GFSM]

debt restructuring

[MEFP]

reestructuracin de la deuda

debt reconstruction
restructuring

debt security
debt instrument

ttulo de deuda
[MBP5; MBP6; MEFP; GISF]
instrumento de deuda
ttulo de renta fija

debt service payment

pago de servicio de la deuda

service payment

pago por servicio de la deuda

debt service ratio

coeficiente del servicio de la deuda

debt service

servicio de la deuda

debt servicing

[SCN93]

[SNA93]

debt service-to-export ratio

relacin entre el servicio de la deuda y la exportacin

debt service-to-exports ratio

razn servicio de la deuda/exportacin

[HIPC Initiative]

debt servicing capacity

capacidad de servicio de la deuda

debt service capacity

debt sold by auction

deuda negociada en subasta

IMF GLOSSARY WEB 2015 English Spanish

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debt sustainability

sostenibilidad de la deuda
viabilidad de la deuda
sustentabilidad de la deuda

debt sustainability analysis template

[IMF]

planilla de anlisis de la sostenibilidad de la deuda

planilla de ASD

debt sustainability template

DSA template

debt sustainability analysis

[IMF]

anlisis de sostenibilidad de la deuda

anlisis de la viabilidad de la deuda

DSA

debt sustainability framework

marco de sostenibilidad de la deuda

DSF

debt sustainability threshold

umbral de sostenibilidad de la deuda

umbral de viabilidad de la deuda

debt trap

trampa de la deuda

debt workout

renegociacin de la deuda

debt renegotiation
workout

debt-bond exchange

canje de deuda por bonos

debt-bond swap

operacin de intercambio de deuda por bonos

swap de deuda por bonos

debt-distressed country

pas sobreendeudado

severely indebted country

pas abrumado por la deuda

pas agobiado por la deuda

IMF GLOSSARY WEB 2015 English Spanish

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debt-distressed situation

situacin crtica causada por el sobreendeudamiento

debt distress

debt-equity ratio

coeficiente de endeudamiento
razn deuda/capital propio
relacin deuda/capital propio

debt-equity swap
[Paris Club]

conversin de la deuda en capital

capitalizacin de la deuda

debt for equity swap

swap de deuda por capital

debt for equity conversion

conversin de la deuda externa en capital accionario

conversion of debt into equity

capitalizacin de la deuda externa

debt-to-equity swap

conversin de deuda en capital

debt-export ratio

relacin entre la deuda y la exportacin

debt-to-exports ratio

razn deuda/exportacin

debt-financed government spending

gasto pblico financiado con deuda

debtor approach

perspectiva del deudor

debtor approach to interest expense

[GFSM 2001]

debtor country

pas deudor

debtor currency

moneda del pas deudor

debtor position

saldo deudor

liability position

posicin deudora
posicin de pasivo
[MBP5]

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Debtor Reporting System, World Bank

Sistema de Notificacin de la Deuda al Banco Mundial

[IBRD]
DRS

debt-reduction package

plan de reduccin de la deuda

debt-reduction plan

debt-servicing capacity

capacidad de servicio de la deuda

capacidad para atender el servicio de la deuda

debt-to-GDP ratio

relacin deuda/PIB

debt-GDP ratio

razn deuda/PIB

decentralization

descentralizacin

decentralized agency

organismo descentralizado

[GFS 1986]

decision maker

autoridad decisoria
responsable de adoptar decisiones

decision making (process)

proceso decisorio
proceso de toma de decisiones

Decision on Bilateral and Multilateral Surveillance

Decisin sobre la Supervisin Bilateral y Multilateral

Integrated Surveillance Decision

Decisin sobre la Supervisin Integrada

ISD

DSI

Decision on Bilateral Surveillance over Members' Policies

Decisin sobre la Supervisin Bilateral de las Polticas de los Pases

[IMF]

Miembros
[FMI]

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decision point

punto de decisin

[IMF; HIPC Initiative]

declaration of censure
[IMF overdue financial obligations]

declaracin de censura
censura

censure

declaration of ineligibility

declaracin de inhabilitacin

[IMF]

declaration of noncooperation
[IMF]

Declaration on Cooperation to Strengthen the Global Expansion

[Interim Committee]

declaracin de no cooperacin
declaracin de falta de cooperacin

Declaracin sobre la cooperacin para reforzar la expansin mundial

Declaracin de Madrid

Madrid Declaration

Declaration on Measures to Eliminate International Terrorism

Declaracin sobre medidas para eliminar el terrorismo internacional

Declaracin sobre medidas para eliminar el terrorismo internacional

declining balance method (of depreciation)

mtodo de amortizacin decreciente

[accounting]
diminishing balance method
reducing balance method

decoupled income support

decoupled support
decoupling
[EU]

ayuda a los ingresos desconectada de la produccin

[OMC]
ayuda a los ingresos desconectada
[OMC]
ayuda desconectada de la produccin
[OMC]
ayuda desconectada
[OMC]

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decoupling theory

teora del desacoplamiento

dedicated investor

inversionista especializado en un mercado

dedollarization

desdolarizacin

deep discount issue

emisin con fuerte descuento

[capital market]

deep financial market

mercado financiero profundo

deep risk

alto riesgo

deep-discount bond

bono con fuerte descuento

deep-discounted bond

[MBP6]
bonos de alta tasa de descuento
[SCN93]

deep-pocketed investor

grandes inversionistas

deep-pocket investor

default contagion

contagio del incumplimiento

default on obligations

incumplimiento de obligaciones

default on payment

cesacin de pagos

default

incumplimiento de pagos
incumplimiento
suspensin de pagos
falta de pago

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default risk

riesgo de incumplimiento

default

incumplimiento

[securities settlement systems]

impago
suspensin de pagos

defeasance

remocin de deuda

debt defeasance

anulacin de una deuda a cambio de un activo financiero

canje de una deuda por otra nueva de menor valor nominal
remocin contable de deuda

deferred availabilities

disponibilidades diferidas

[GMBS]

deferred charges

cargos diferidos

[IMF accounts]

deferred compensation

remuneracin diferida

deferred credit

crdito diferido

deferred drawdown option

opcin de giro diferido

[World Bank]
DDO

deferred income

ingreso diferido

[IMF accounts]

deficit economies

economas con dficit

economas deficitarias

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deficit financing

financiamiento de la economa mediante dficit presupuestario

deficit spending

gasto financiado mediante dficit

pump priming

financiamiento de gastos mediante dficit

defined benefit retirement scheme

sistema de jubilacin de prestaciones definidas

defined benefit plan

plan de prestaciones definidas

defined contribution retirement scheme

sistema de jubilacin de contribuciones definidas

defined contribution plan

sistema de jubilacin de cotizaciones definidas

money purchase plan

plan de aportes definidos

plan de cotizaciones definidas

definitional equation

ecuacin de definicin

deflate (an economy)

deflactar (la economa)

deflate (prices)

deflactar
convertir a precios constantes

deflation

deflacin
[SCN93]

deflation risk

riesgo de deflacin

deflationary

deflacionario
deflacionista

deflationary demand measure

medida de compresin de la demanda

deflationary equilibrium

equilibrio deflacionario
equilibrio deflacionista

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deflationary gap

brecha deflacionaria
brecha deflacionista

deflationary pressure

presin deflacionaria
presin deflacionista

deflationary trap

trampa de la deflacin

deflation trap

espiral deflacionaria

deflationary spiral

espiral deflacionista

deflator

deflactor

degressive tax

impuesto degresivo

delegation of authority

delegacin de poderes

[BL]

deleverage

desapalancamiento

deleveraging

reduccin del apalancamiento

delinquency

mora
morosidad
atraso en el pago

delinquent borrower

deudor moroso
prestatario en mora

delinquent loan

prstamo en mora

delinquent tax

impuesto en mora
impuesto atrasado

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delinquent taxpayer

contribuyente no declarante
contribuyente moroso

delivery

aprovisionamiento

demand curve

curva de demanda

demand deposit

depsito a la vista

checking account deposit

sight deposit

demand draft
sight draft
[SNA93]

giro
[SCN93]
giro a la vista
[SCN93]

demand elasticity

elasticidad de la demanda

elasticity of demand

demand for money

[SNA93]

demanda de dinero
[SCN93]

demand function

funcin de demanda

demand management

gestin de la demanda
regulacin de la demanda

demand pressures

presiones de demanda

demand rebalancing

reequilibrio de la demanda

rebalancing of demand

reequilibramiento de la demanda

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demand restraint

contencin de la demanda
restriccin de la demanda
limitacin de la demanda
moderacin de la demanda

demand schedule

tabla de demanda

demand shift inflation

inflacin causada por un desplazamiento de la demanda

demand, payable on

pagadero a la vista

[banking]

demand-pull inflation

inflacin de demanda

demand inflation

inflacin producida por la presin de la demanda

dematerialization

desmaterializacin

[securities settlement systems]

democratic dividend

dividendo de la democracia

demographic dividend

dividendo demogrfico

demographic factors

factores demogrficos

demonetization

desmonetizacin

demonetization of gold

desmonetizacin del oro

demonstration effect

efecto de demostracin

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denomination

denominacin

[banknotes]

serie
[ESP]

density function

funcin de densidad

Department for Economic and Social Information and Policy

Departamento de Informacin Econmica y social y Anlisis de

Analysis

Polticas

DESIPA

DIESAP

Department for International Development

Departamento de Desarrollo Internacional del Reino Unido

[UK]
DFID

Department Head

Director de Departamento

[IMF]

departmental agency

organismo ministerial

departmental budget

presupuesto ministerial

departmental enterprise

empresa adscrita

Departmental Support Services

Servicios de Apoyo a los Departamentos

[IMF-TGS/IS]
DSS

dependency ratio

tasa de dependencia
razn poblacin inactiva/poblacin activa

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dependent variable

variable dependiente

[statistics]
response variable
predicted variable
criterion variable
results variable

depletion allowance
[SNA93]

reserva por agotamiento de los recursos

depreciacin por agotamiento de los recursos
amortizacin del agotamiento de los recursos

deposit bank

banco de depsito

[IFS]

deposit claims

activos por depsitos

activos por concepto de depsitos

deposit facility

facilidad de depsito

[Eurosystem]

deposit insurance

garanta de depsitos
seguro de depsitos

Deposit Insurance Fund

fondo de garanta de depsitos

deposit insurance scheme

fondo de seguro de depsitos

[PER]

deposit liabilities

pasivos por depsitos

pasivos por concepto de depsitos

deposit money bank

banco creador de dinero

DMB

banco de depsito

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deposit rate

tasa de inters de los depsitos

[SNA93]

tasa de los depsitos

tasa pasiva
inters pasivo
[SCN93]

deposit run

corrida de depsitos
corrida bancaria
retiro masivo de depsitos

deposit taking

captacin de depsitos

[banking]
attracting deposits

deposit withheld taxes into a government account

ingresar en el Tesoro los impuestos retenidos

depositar los impuestos retenidos

deposit

yacimiento

[mining]

deposit/loan ratio

relacin depsitos/prstamos
razn depsitos/prstamos

depository corporation

sociedad de depsito

depository institution

institucin de depsito

depository receipt

certificado de depsito de valores

depository

depositara

[IMF]

de depsito
depositario

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depreciable asset

activo amortizable
activo depreciable

depreciable cost

costo amortizable

depreciable life

vida til amortizable

depreciation

depreciacin
amortizacin

depreciation allowance

provisin para depreciacin

allowance for depreciation

provisin para amortizacin

allowance

reserva para amortizacin

depreciation provision

depreciation reserve

reserva para depreciacin

depressed area

zona desfavorecida
zona deprimida
zona de depresin econmica

depth of the market

[financial market]

profundidad del mercado

[GISF]

market depth

Deputy Managing Director

Subdirector Gerente

DMD

Deputy

Suplente

[G-24, IDA]

IMF GLOSSARY WEB 2015 English Spanish

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deregulation

desregulacin

decontrol

desreglamentacin
liberalizacin

derivation table
[GFS 1986]

derivative

cuadro de derivacin
tabla de clculo

derivada

[calculus]

derivatives market

mercado de derivados
mercado de productos financieros derivados

Design and Construction Section

Seccin de Diseo y Construccin

[TGS/DF/DC]

designated depository

depositara designada

[IMF]

designation plan

plan de designacin

[IMF]

designation

designacin

[IMF; SDR]

desk economist (for ... [country])

Economista encargado (de ...)

[IMF]
desk officer for ( ... [country])
country desk

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destabilizing

desestabilizador

disequilibrating

desequilibrador

[capital flows]

destination inspection

inspeccin en el destino

deterrence measure

disuasin

[IMF overdue financial obligations]

medida disuasoria

deterrence

medida de disuasin

deterrent measure

elemento disuasivo

deterrent

factor disuasivo
factor disuasorio

detrended output

producto ajustado por la tendencia

detrending method

mtodo de supresin de la tendencia

devaluation

devaluacin

[SNA93]

[SCN93]

developing and transition countries

pases en desarrollo y en transicin

DTC

developing country

pas en desarrollo

development aid

ayuda para el desarrollo

development assistance

asistencia para el desarrollo

[BPM5]

Development Assistance Committee

[OECD]

Comit de Asistencia para el Desarrollo

CAD

DAC

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Development Committee Secretariat

Secretara del Comit para el Desarrollo

Development Fund for Iraq

Fondo de Desarrollo para Iraq

DFI

Development Grant Facility

Fondo de Donaciones para el Desarrollo

[IBRD]
DGF

Development Issues Division

Divisin de Cuestiones de Desarrollo

[SPR/DS]
DID

development partner

socio en el desarrollo

development policy loan

prstamo para polticas de desarrollo

DPL

DPL

DGS Directive

Directiva SGD

Deposit Guarantee Schemes Directive

Directiva relativa a los sistemas de garanta de depsitos

diagonal matrix

matriz diagonal

diagonal regression

regresin diagonal

difference equation

ecuacin en diferencias

difference

diferencia

[calculus]

differential

diferencial

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differential equation

ecuacin diferencial

[calculus]

digital divide

brecha informtica

diminishing returns

rendimientos decrecientes

direct investment

inversin directa

direct investment enterprise

empresa de inversin directa

[BPM5; BPM6]

direct investment income

[MBP5; MBP6]

renta de la inversin directa

[BPM5]

direct investor
[BPM5; BPM6]

inversionista directo
[MBP5; MBP6]

directed credit

crdito dirigido

Direction of Trade Statistics Yearbook

+Direction of Trade Statistics Yearbook+

[IMF; publication not translated]

DOTS Yearbook

DOTS Yearbook
anuario de DOTS

DOTSY

Direction of Trade Statistics

[IMF-STA; publication not translated]

+Direction of Trade Statistics+

DOTS

DOTS

direction of trade

distribucin geogrfica del comercio exterior

geographical direction of trade

DoT

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Director and Special Representative to the United Nations

Director y Representante Especial ante las Naciones Unidas

[IMF-UNR]

Director for Special Operations

Director de Operaciones Especiales

Director

Director

[IMF]

Director, Associate

Director Asociado

[IMF]
Associate Director

Director, Deputy

Subdirector

[IMF]

Director, Offices in Europe

Director de las Oficinas en Europa

[IMF/EUO]

directorship
[IMF, Executive Board]

cargo de director ejecutivo

puesto de director ejecutivo

disaggregated data

datos desagregados

disanchoring of inflation expectations

desanclaje de las expectativas inflacionarias

disanchoring of expectations

disarmament, demobilisation, reintegration program

programa desarme, desmovilizacin y reinsercin

DDR program

disbursed debt

prstamos desembolsados

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disbursement

desembolso
[SCN93]
gasto
[SCN93]

discharge an obligation

cumplir una obligacin

[IMF]

disclosure requirements

obligacin de declarar informacin

discomfort index

ndice de miseria

misery index

ndice de malestar

[USA]

discount bond

bono emitido bajo la par

discounted bond

bono con descuento

bono emitido con descuento

discount rate
[central banking]
minimum lending rate
[GBR]

tasa de descuento
tasa de redescuento
tasa de descuento oficial
tasa de redescuento oficial

MLR
bank rate
[GBR]

discount window
[central banking]

ventanilla de descuento
ventanilla de redescuento
servicio de redescuento

discount
[spot exchange; SNA93]

descuento
[SCN93]

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discount, at a

bajo la par
con descuento
por debajo del valor nominal

discountable

descontable

eligible for discounting

redescontable

eligible for rediscounting

discrete devaluation

devaluacin discreta

step devaluation

discrete variable

variable discreta

discrete

discreto

[mathematics]

discretionary spending

gastos discrecionales

discriminating monopoly

monopolio discriminatorio

discriminatory auction

subasta discriminatoria

discriminatory currency practice

prctica monetaria discriminatoria

[IMF]

discriminatory tariff preference

preferencia arancelaria discriminatoria

diseconomy

deseconoma

disembodied technological progress

progreso tcnico no incorporado

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dishoarding

desatesoramiento

dishonored check

cheque rechazado

bad check
unpaid check

disincentive

desincentivo
elemento disuasivo

disinflation

desinflacin

disinflationary

desinflacionario
desinflacionista

disintermediation

desintermediacin
[SCN93]

disinvestment

desinversin
descapitalizacin
liquidacin de los activos de inversin

disorderly exchange market conditions

condiciones anormales en el mercado cambiario

desorden en el mercado de cambios

disposable income
[BPM5; SNA93]

ingreso disponible
[SCN93]
renta disponible
[MBP5]

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disposal

disposicin
arreglo
colocacin
accin de desechar
enajenacin

disposal of nonproduced, nonfinancial assets

enajenacin de activos no financieros no producidos

disposicin de activos no financieros no producidos

disposal of problem assets

disposicin de activos problemticos

disposicin de activos contaminados

disposition (of assets)

enajenacin

disposition

cesin
venta
disposicin

Dispute Resolution Forum

foro de solucin de controversias

DRF

disruption

perturbacin
desorden
desorganizacin

disruptive fluctuation

fluctuacin perturbadora

dissaving

desahorro

negative saving

ahorro negativo

Dissemination Services Team

Grupo de Servicios de Divulgacin

[TGS/IM]

IMF GLOSSARY WEB 2015 English Spanish

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Dissemination Standards Bulletin Board

Cartelera Electrnica de Divulgacin de Datos

[IMF]

CEDD

DSBB

distance to default

distancia hasta el incumplimiento

distance to distress

distancia hasta una situacin crtica

DD

distortion

distorsin

distress sales

ventas forzosas
ventas en situacin de emergencia
ventas en condiciones desfavorables

distressed asset

activo problemtico
activo en dificultades

distributed earnings
[BPM5]

utilidades distribuidas
[MBP5]
beneficios distribuidos

distributed lag model

modelo de retrasos distribuidos, de desfases distribuidos

distribution channel

canal de distribucin
cauce de distribucin

distribution function

funcin de distribucin

[statistics]

distribution of income

distribucin del ingreso

income distribution

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distributional effect

efecto distributivo

distributive effect

efecto sobre la distribucin del ingreso

distributional impact

impacto distributivo

distributional neutrality

neutralidad desde el punto de vista de la distribucin

disturbance

perturbacin

disturbance term

trmino de perturbacin
trmino de error

divergence indicator

indicador de divergencia

[EMS]

diversification

diversificacin

asset diversification

diversificacin de activos

diversified borrower

prestatario en fuentes diversificadas

Diversity Council

Consejo para la Diversidad

[IMF]
DC

Diversity Office

Oficina de Diversidad

Diversity Scorecard

Indicador de Diversidad

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divestiture (of assets)

enajenacin

divestment

privatizacin
desincorporacin
[MEX]
cesin
traspaso

divestiture (of public enterprises)

cesin (de empresas del Estado)

venta
traspaso
desincorporacin
[Mxico]
privatizacin

Division 1, 2, 3, ...

Divisin 1, 2, 3, ...

[APD/D1, D2, D3, ...]

Division A, B, C, ...

Divisin A, B, C, ...

[MCD/DA, DB, DC, ... DI]

Division Chief

Jefe de Divisin

[IMF]

Division Chief, Deputy

Subjefe de Divisin

[IMF]

doctored data

datos manipulados
datos adulterados
datos retocados

Document Management and Repositories Team

Grupo de Gestin de Documentos y Archivo

[TGS/IM]

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document of International Monetary Fund and not for public use

documento del Fondo Monetario Internacional, reservado para uso

[IMF information security]

Documents Control Office

interno

Oficina de Control de Documentos

[TGS/LA]
DCO

Documents Distribution Unit

Unidad de Distribucin de Documentos

[TGS/ID/IS/DD]

Documents Section

Seccin de Documentos

[SEC/AI/DS]

Dodd-Frank Act

Ley Dodd-Frank

Dodd-Frank Wall Street Reform and Consumer Protection Act

Ley Dodd-Frank de Reforma de Wall Street y Proteccin del

Consumidor

Doha Development Agenda

Programa de Doha para el Desarrollo

[WTO]
DDA

Doha Development Round

Ronda de Doha

Doha Round

ronda del desarrollo

development round

Ronda de Doha para el Desarrollo

[trade]

Doha Lite

"versin liviana" de Doha

Doing Business rankings

clasificaciones de "Doing Business"

[World Bank]

Doing Business Report

reporte "Doing Business"

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dollar balances

saldos en dlares

dollar overhang

excedente de dlares

dollarization

dolarizacin

domestic absorption

absorcin interna

domestic content

contenido nacional

[imports]

[WTO]
elementos nacionales
[WTO]
contenido de origen nacional
proporcin de productos nacionales

domestic credit expansion

expansin del crdito interno

DCE

expansin del crdito interior

domestic currency unit value

valor unitario en moneda nacional

domestic currency

moneda nacional

[GFSM]

[MEFP]

local currency
[GFSM]

domestic financial system

sistema financiero interno

domestic financing

financiamiento interno

[GFSY; SNA93]

[SCN93]
pases donantes

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domestic liabilities

pasivos internos

[GFSM]

[MEFP]
obligaciones internas

domestic liquidity

liquidez interna

domestic market

mercado interno

home market

[SCN93]
mercado nacional

domestic resource cost

costo en recursos internos

DRC

domestic saving

ahorro interno

domestic securities

ttulos nacionales
ttulos del pas
ttulos internos

domestic systemically important banks

bancos de importancia sistmica a nivel local

DSIB

domestic taxes on goods and services

impuestos internos sobre bienes y servicios

[GFSY]

donor country

pas donante

donor

donante

[SNA93]

[SCN93]

donors and creditors

donantes y acreedores

donors and lenders

donantes y prestamistas

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dormant debt

deuda inactiva

double counting

doble contabilizacin

[SNA93]

doble cmputo
doble clculo
doble registro
[SCN93]

double declining balance method (of depreciation)

mtodo de amortizacin decreciente a tasa doble

[accounting]

double least squares

mnimos cuadrados dobles

double tailwinds

doble viento a favor

doble impulso favorable

double taxation

doble imposicin

dual taxation

doble tributacin

double-digit inflation

inflacin de dos dgitos

two-digit inflation

inflacin de dos cifras

double-dip recession

recada en la recesin
recesin doble

double-entry accounting system

mtodo de contabilidad por partida doble

double-entry system

contabilidad por partida doble

double-entry accounting
double-entry bookkeeping

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doubtful loan

prstamo de cobro dudoso

doubtful credit

prstamo problemtico
[IFC]

down payment

cuota inicial
anticipo
pago a cuenta
entrada
[Esp.]

downgrading

bajar la calificacin
reclasificacin en una categora inferior
reclasificacin en una categora ms baja
rebajar la calificacin crediticia

downside risk

riesgo de que los resultados sean inferiores a lo previsto

probabilidad de que las cifras reales sean menores de las que
indican las proyecciones
riesgo de que no se cumpla lo previsto
riesgo de deterioro de la situacin
riesgo a la baja

downside scenario

escenario a la baja

downside variability

variabilidad a la baja

downsizing

redimensionamiento de personal

labor shedding

reduccin de personal
despido de personal

downstream capacity

capacidad de refinacin de petrleo

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downstream integration

integracin vertical hacia abajo

downturn

desaceleracin

cyclical downturn

iniciacin de la fase descendente

downswing

cambio desfavorable de la coyuntura

cyclical downswing

fase descendente
movimiento descendente
fase de contraccin
fase descendente del ciclo
descenso
cada
baja

downward adjustment

ajuste a la baja

downward bias

sesgo a la baja

negative bias

downward pressure

presin a la baja

downward spiral

espiral descendente
crculo vicioso

downward trend

tendencia descendente

falling trend

tendencia a la baja

downtrend

downward-sloping curve

curva descendente
curva de pendiente descendente

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draft amendment

proyecto de enmienda

[IMF]

[AA]
proyecto de modificacin
proyecto de reforma

draft resolution

proyecto de resolucin

[IMF]

draw down

utilizacin de fondos

[London Club]

draw on the IMF

girar contra el FMI

efectuar un giro contra el FMI

drawback
[customs]

reintegro de los derechos de aduana

devolucin de los impuestos
+drawback+
desgravacin fiscal a la exportacin

drawdown period

perodo de giro

drawing country

girador

[IMF]

pas girador

drawer

drawing down

utilizacin

[in general]

drawing facility

servicio de giro

[IMF]

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drawing on loans extended

giro contra prstamos concedidos

[BOP]

drawing right

derecho de giro

[IMF]

drawing up

elaboracin
preparacin
formulacin

dual currency bond

bono denominado en dos monedas

bono con opcin de cambio
bono en moneda doble
[MBP5]

dual economy

economa dual
economa dualista

dual exchange market

mercado de cambios dual

dual pricing

sistema dual de precios

rgimen de precios dobles

dual rate system

[exchange rates]

due and payable

rgimen cambiario dual

rgimen de cambios doble

vencido y exigible
vencido y pagadero

due date

fecha de vencimiento
plazo de vencimiento

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due diligence

diligencia debida

due-for-payment basis of recording

registro en base vencimiento de pago

[GFSM 2001]

dummy out

sustituir por una variable ficticia

dummy variable

variable ficticia

dumping

+dumping+

[trade]

durable good

bien duradero
bien durable

durable stock

bienes duraderos

duration (of an investment)

duracin

duration
[MPI]

Durbin-Watson statistic

estadstico Durbin-Watson

DW

coeficiente de Durbin-Watson
DW

Dutch auction

subasta a la baja

Dutch disease

enfermedad holandesa

[oil or natural gas exporting countries]

mal holands
sndrome holands

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duty-free

exento de derechos
libre de impuestos

dynamic multiplier

multiplicador dinmico

Dynamic Stochastic General Equilibrium model

modelo dinmico estocstico de equilibrio general

DSGE model

early drawing

giro anticipado

[CCFF]

early repurchase expectation

expectativa de recompra anticipada

[IMF]
prompt repurchase expectation

early repurchase of accelerated set-aside amounts

[IMF]

early repurchase

recompra anticipada de montos consignados adquiridos de manera

acelerada

recompra anticipada

[IMF]
advance repurchase

early retirement

jubilacin anticipada

[IMF]

early stabilizer

pas en fase inicial de estabilizacin

Early Warning Exercise

Ejercicio de Alerta Anticipada

EWE

EAA

early warning system

sistema de alerta anticipada

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early warning system model

sistema de alerta anticipada

EWS

earmark

afectar a un fin determinado

reservar para un fin especfico
destinar a un fin especfico
consignar
asignar

earmarked account

cuenta consignada

[GMBS]

earmarked tax

impuesto afectado a un fin especfico

earned income

ingreso realizado

[BPM5]

[MBP5]
renta ganada
renta derivada del trabajo
ingreso derivado del trabajo
renta salarial
ingreso salarial

earning asset

activo rentable

income-earning asset

activo productivo

productive asset

earnings

utilidades
ganancias
beneficios

easing credit

flexibilizacin del crdito

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easing

baja

softening

distensin

East Africa Regional Technical Assistance Center

Centro Regional de Asistencia Tcnica de frica Oriental

East AFRITAC

AFRITAC Oriental

East African Community

Comunidad del frica Oriental

EAC

CAO

East African Development Bank

Banco de Desarrollo del Africa Oriental

EADB

BDAO

East Asia and Pacific

Asia oriental y el Pacfico

EAP

Eastern and Southern Africa Anti-Money Laundering Group

Grupo contra el Lavado de Dinero en frica Oriental y del Sur

ESAAMLG

ESAAMLG

Eastern Caribbean Central Bank

Banco Central del Caribe Oriental

ECCB

Eastern Caribbean Currency Union

Unin Monetaria del Caribe Oriental

ECCU

ECCU

easy rider bank

banco que solo participa parcialmente

[debt restructuring]
easy rider

ecological externalities

externalidades ecolgicas

environmental externalities

econometric model

modelo economtrico

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economic agent

agente econmico

economic entity

entidad econmica

economic unit

unidad econmica

Economic and Monetary Union

Unin Econmica y Monetaria

[EU]

UEM

EMU

Economic and Sector Work

estudios econmicos y sectoriales

ESW

Economic and Social Commission for Asia and the Pacific

[UN-ECOSOC]

Comisin Econmica y Social para Asia y el Pacfico

CESPAP

ESCAP

Economic and Social Commission for Western Asia

[UN-ECOSOC]

Comisin Econmica y Social para Asia Occidental

CESPAO

ESCWA

Economic and Social Council, United Nations

[UN]

Consejo Econmico y Social de las Naciones Unidas

ECOSOC

ECOSOC

Economic and Statistical Observatory for Sub-Saharan Africa

Observatorio econmico y estadstico de frica subsahariana

AFRISTAT

AFRISTAT

economic circumstances

situacin econmica

economic conditions

coyuntura

economic environment

entorno econmico
circunstancias econmicas

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Economic Commission for Africa

Comisin Econmica para frica

[UN-ECOSOC]

CEPA

ECA

Economic Commission for Europe

[UN-ECOSOC]

Comisin Econmica para Europa

CEPE

ECE

Economic Commission for Latin America and the Caribbean

Comisin Econmica para Amrica Latina y el Caribe

ECLAC

CEPAL

Economic Community of Central African States

Comunidad Econmica del frica Central

ECCAS

CEAC

Economic Community of West African States

Comunidad Econmica de los Estados de frica Occidental

ECOWAS

CEDEAO

Economic Cooperation Organization

Organizacin de Cooperacin Econmica

ECO

OCE

Economic Counsellor

Consejero Econmico

[IMF-RES]

Economic Data Sharing System

Sistema de Intercambio de Datos Econmicos

[IMF]
EDSS

economic efficiency

eficiencia

efficiency

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economic fundamentals

fundamentos econmicos

fundamentals
fundamental determinants

[WHD REO]
parmetros fundamentales de la economa
elementos econmicos fundamentales
variables fundamentales de la economa

Economic Information System

[IMF-STA]

Sistema de Informacin Econmica

SIE

EIS

economic interdependence

interdependencia econmica

Economic Issues

Temas de economa

[IMF publication series]

economic life
[SNA93]

vida til
[MEFP; SCN93]

useful life

duracin

service life

vida econmica

[GFSM]

economic performance

resultados econmicos
trayectoria econmica
evolucin de la economa

economic price

precio econmico

efficiency price

precio de eficiencia econmica

Economic Recovery Assistance Program

Programa de Asistencia para la Recuperacin Econmica

[IMF]
ERAP

PARE
ERAP

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economic recovery

recuperacin econmica

recovery

reactivacin
repunte de la economa

economic rent

renta econmica

rent

renta

economic slack

capacidad econmica ociosa

economic slowdown

desaceleracin de la actividad econmica

slowdown

desaceleracin econmica

Economic Systems Division

Divisin de Sistemas Econmicos

[TGS/IE]

economic territory

territorio econmico

[BPM5, SNA]

economic value

valor econmico

[SNA]

economic welfare

bienestar econmico

welfare

bienestar
[SCN93]

economically significant price

[SNA 1993, GFSM 2001; GFSM]

precio econmicamente significativo

[MEFP]

economics

aspectos econmicos

economies of scale

economas de escala

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Economist Program

Programa para Economistas

[IMF]

PE

EP

Economist, Senior

Economista Principal

[IMF]

Editor, (+name of a publication+)

Director Editorial de (+ttulo de la publicacin+)

[IMF-EXR]

Editor, +Finance & Development+

[IMF-EXR]

Director Editorial de +Finanzas y Desarrollo+

Director

Editor-in-Chief
[+as appears in publication+]

Editor, +IMF Survey+

Director Editorial del +Boletn del FMI+

[IMF-EXR]

Editor, Chief

Director Editorial

[IMF-EXR]

Editorial and Publications Division

Divisin de Redaccin y Publicaciones

[COM/EP]

Editorial Officer

Redactor

[IMF]

educated guess

estimacin razonada

education

educacin
[MEFP]

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education allowance

asignacin para estudios

[IMF-HRD]

Education for All

Educacin para Todos

EFA

effective date

fecha de entrada en vigor

effective exchange rate

tipo de cambio efectivo

EER

tipo de cambio real efectivo

effective rate of protection

tasa de proteccin efectiva

ERP

Egmont Group of Financial Intelligence Units

Grupo Egmont de unidades de inteligencia financiera

elasticity of a tax system

elasticidad de un sistema tributario

elasticity of expectations

elasticidad de las expectativas

elasticity of substitution

elasticidad de sustitucin

elasticity of supply

elasticidad de la oferta

supply elasticity

elected Executive Director

Director Ejecutivo Elegido

[IMF]

elective Executive Director

Director Ejecutivo Electivo

[IMF]

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electronic bulletin board

cartelera electrnica

EBB

electronic data processing

procesamiento electrnico de datos

EDP

informtica

data processing

procesamiento de datos

informatics

elaboracin electrnica de datos

electronic funds transfer

transferencia electrnica de fondos

EFT

eligibility
[GFSM]

habilitacin
elegibilidad
[MEFP]

eligible

habilitado
capacitado
admisible
que rene los requisitos

eligible asset

activo computable

[banking]

eligible debt
[Paris Club]

eligible vote
[IMF]

deuda reestructurable
deuda admisible

voto computable
voto que cuenta para la eleccin
[AA]

embedded derivative

derivado incorporado
derivado integrado

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embodied cost

costo incurrido

emergency assistance

asistencia de emergencia

[IMF]

Emergency Facility for Natural Disasters

Servicio Financiero de Emergencia para Catstrofes Naturales

[IMF Facilities]

emergency financing mechanism

mecanismo de financiamiento de emergencia

[IMF]

Emergency Natural Disaster Assistance

Asistencia de Emergencia para Catstrofes Naturales

ENDA
Emergency Assistance for Natural Disasters

emergency post-conflict assistance

Asistencia de Emergencia a Pases en Situacin de Posconflicto

[IMF]
EPCA
emergency and post-conflict assistance
policy of emergency assistance to post-conflict countries

emergency provisions

disposiciones de emergencia

[AA]

emergency purchase

compra de emergencia

[IMF facilities]

Emerging Asia

economas emergentes de Asia

emerging market

mercado emergente

emerging market country

pas de mercado emergente

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emerging market economies

economas de mercados emergentes

EMEs

emerging market economy

economa de mercado emergente

EME

emerging markets and developing countries

pases de mercados emergentes y pases en desarrollo

EMDCs

pases de mercados emergentes y en desarrollo

Emerging Markets Bond Index

ndice EMBI

EMBI

ndice EMBI para los bonos de los mercados emergentes

emigration of the tax base

emigracin de la base imponible

nomadismo fiscal

EMP index

ndice de presin en el mercado cambiario

exchange market pressure index

empirical data

datos empricos

empirical evidence

datos empricos
evidencia emprica

empirical research

investigacin emprica

empirical studies

estudios empricos

empirical study

estudio emprico

employee attrition rate

tasa de reduccin natural del personal

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employee's social contribution

contribucin social de los asalariados

[insurance; pensions]
employee contribution

[SCN93]
contribucin del empleado
cotizacin a cargo del empleado
aporte del empleado

employer social benefits

[SNA 1993, GFSM 2001]

prestaciones sociales del empleador

[MEFP]

employer social insurance scheme

sistema de seguro social del empleador

employer's actual social contributions

contribuciones sociales efectivas

actual social contributions

[MEFP; SCN93]
contribuciones sociales efectivas del empleador
contribuciones sociales efectivas de los empleadores
[SCN93]

employers' imputed social contributions

contribuciones sociales imputadas de los empleadores

employer's payroll or manpower tax

impuesto sobre la nmina a cargo del empleador

[GFS 1986]

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employer's social contributions

aporte patronal

[SNA]
employer contribution

[Am. Lat.]
cuota patronal
[ESP]
cuota del empleador
cotizacin patronal
cotizacin del empleador
cotizacin a cargo del empleador
cotizacin empresarial
contribuciones sociales de los empleadores
[SCN93]
contribuciones de los empleadores
[MEFP]

employment rate

tasa de empleo
tasa de empleo

employment slack

subempleo del factor trabajo

mano de obra no utilizada

empowerment

empoderamiento
potenciacin
promocin de la autonoma
plena participacin en la sociedad
pleno ejercicio de los derechos
realizacin del potencial

enabling environment

entorno propicio
clima propicio

encash
[IMF]

hacer efectivo
convertir en efectivo

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encashability of bonds

bonos convertibles

[NAB]

convertibilidad de los bonos

encashable bonds

encashable

convertible en efectivo

encashable loan claim

crdito convertible
crdito realizable

encashment

realizacin
conversin en efectivo
presentacin de valores al cobro
cobro

encashment of rights

utilizacin de los derechos acumulados

[IMF]

encashment right

derecho de conversin en efectivo

[IMF]

encouraged standard

norma recomendada

[IMF-EBB]

encumbered
[BPM5]

gravado
sujeto a carga o gravamen

end consumer

consumidor final

end product

producto final

final product

producto terminado

end use

uso final

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end user

usuario final

final user

Endogenous Growth Model

modelo de crecimiento endgeno

endogenous shock

+shock+ endgeno
perturbacin endgena

endogenous variable

variable endgena

endorsement

endoso

[SNA93]

endowment

[SCN93]

dotacin
dotacin de fondos

Endowment Subaccount

Subcuenta de Dotacin de Fondos

Energy and Commodities Surveillance Unit

Unidad de Seguimiento de los Precios de la Energa y las Materias

[RES/AI/CS]

Primas

energy arrears

atrasos en los pagos por el suministro de energa

Energy for the Poor Initiative

Iniciativa "Energa para los Pobres"

EFPI

energy subsidies

subsidios a la energa

energy tariff

tarifa de la energa

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energy-intensive

de alto consumo energtico

con uso intensivo de energa

energy-saving technology

tecnologa con bajo consumo de energa

enforceable

exigible

[IMF]

enforcement of security

ejecucin de garantas

realization of collateral

ejecucin de bienes en garanta

enforcement power

potestad fiscalizadora

[IMF]

poder de sancin por incumplimiento

engagement of the IMF in a country

la labor del FMI

IMF engagement

las actividades del FMI

Fund involvement

el trabajo que realiza el FMI

Fund engagement

trabajo del FMI con el pas

engagement

labor que desempea el FMI en el pas

relacin entre el FMI y el pas
relacin del FMI con el pas

enhanced concessions
[Paris Club]

condiciones ms favorables
condiciones ms concesionarias
concesiones reforzadas
concesiones mejoradas

enhanced credit

crdito reforzado

credit enhancement

refuerzo del crdito

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enhanced Initiative for Heavily Indebted Poor Countries

Iniciativa Reforzada para los Pases Pobres Muy Endeudados

[IMF]

Iniciativa Reforzada para los PPME

enhanced HIPC Initiative

[IMF]
Enhanced Heavily Indebted Poor Countries Initiative

Enhanced Integrated Framework for Trade-Related Technical

Marco Integrado mejorado para la asistencia tcnica relacionada

Assistance to least-developed countries

con el comercio en apoyo de los pases menos adelantados

Enhanced IF

MI mejorado

EIF

enhanced monitoring procedure

procedimiento de supervisin reforzada

[IMF]
EMP

Enhanced Structural Adjustment Facility Trust

[IMF]

Cuenta Fiduciaria del Servicio Reforzado de Ajuste Estructural

Cuenta Fiduciaria del SRAE

ESAF Trust

Enhanced Structural Adjustment Facility

[IMF]

Servicio Reforzado de Ajuste Estructural

SRAE

ESAF
enhanced SAF

Enhanced Structural Adjustment Facility, enlarged and

servicio reforzado de ajuste estructural, ampliado y prorrogado

extended
[+unofficial title+]

enhanced surveillance procedure

[IMF]
enhanced surveillance

procedimiento de supervisin reforzada

[P45]
supervisin reforzada

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enhancement money

refuerzo monetario de los activos

[debt restructuring]

enhancement of resources

aumento de los recursos

refuerzo de los recursos financieros

enhancement of SDRs

refuerzo del DEG

enlarged access resources

recursos disponibles en el marco de la poltica de mayor acceso

[IMF]
EAR

enlarged access to the Fund's resources

mayor acceso a los recursos del FMI

[IMF]
EAR
enlarged access to Fund resources

enterprise

empresa

enterprise economy

economa de empresa
economa de libre empresa

Enterprise Web Integration Team

Grupo de Integracin a la Web

[TGS/IM]

entitlement program
[USA]

entitlement reform

programa de prestaciones estatales

programa de subsidios sociales establecido por ley

reforma del rgimen de prestaciones sociales

reforma de los programas de prestaciones sociales

entitlement spending

gasto en prestaciones preceptivas, obligatorias

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entrepreneur

empresario

entrepreneurial and property income

ingresos empresariales y de la propiedad

[GFSY]

entrepreneurial income

renta empresarial
renta de la empresa
ingreso empresarial

entrepreneurship
[SNA93]

capacidad empresarial
[SCN93]
espritu de empresa
espritu empresarial
[SCN93]
organizacin empresarial
[SCN93]

entry
[accounting]

asiento
partida
registro
[SCN93]
entrada
[SCN93]

enumerator
[census]

censista
encuestador
empadronador

environmental accounting

contabilidad ambiental

green accounting

environmental action plan

plan de accin ambiental

[IBRD]

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environmental depletion

agotamiento de los recursos naturales

depletion of natural resources

[BPM5]

environmental impact

impacto ambiental
efecto sobre el medio ambiente

environmental tax

impuesto para proteccin del medio ambiente

green tax

impuesto ambiental

epidemic

epidemia

equal value exchange rate

tipo de cambio de igual valor

[SDR]

equal value principle

[SDR]

equalization grant
[public finance]

tipo de cambio basado en el principio de igual valor

principio de igual valor

principio de igualdad de valor

subvencin de equiparacin
subvencin de nivelacin
subvencin de igualacin

equalization of burden fund

fondo de equiparacin

equalization fund

equation of exchange

ecuacin de cambio

Fisher equation

ecuacin de Fisher

equilibrating capital flow

flujo de capital que contribuye al equilibrio

equilibrating capital movement

corriente de capital que contribuye al equilibrio

movimiento de capital que contribuye al equilibrio

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equilibrium effects

efectos de equilibrio

equilibrium exchange rate

tipo de cambio de equilibrio

equilibrium path

trayectoria de equilibrio

equilibrium quantity of money

cantidad de dinero de equilibrio

equilibrium real exchange rate

tipo de cambio real de equilibrio

equilibrium real interest rate

tasa de inters real de equilibrio

equilibrium real rate

equilibrium unemployment

desempleo de equilibrio

equilibrium rate of unemployment

equiproportionality

equiproporcionalidad

[SDR allocation]

equitable share

distribucin equitativa

[SDR]

equity buyout

compra de la posicin mayoritaria de una empresa

buyout

equity capital inflow

entrada de capital para la compra de acciones

equity financing

financiamiento mediante venta de acciones

equity finance

financiamiento mediante emisin de acciones

equity income

renta de la inversin en acciones

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equity investment

inversin en participaciones de capital

inversin de capital
[GISF]

equity issue

cuestin de la equidad de las asignaciones de DEG

[SDR allocation]

equity loan

prstamo en forma de participacin en el capital

equity market

mercado de acciones

stock market

mercado accionario
bolsa
mercado de valores

equity oil

ganancia por comercializacin del petrleo

profit oil

equity option

opcin sobre acciones u otras participaciones de capital

stock option

equity ownership

participacin accionaria

equity participation

participacin en el capital social

equity interest

propiedad del capital social

equity share

participacin en el capital

equity participation note

pagar con derecho de participacin en el capital social

equity portfolio

cartera de acciones

equity position

posicin de capital
nivel de fondos propios

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equity security

ttulo de participacin en el capital

ttulo participativo
ttulo de participacin de capital
ttulo-valor de renta variable

equity swap

+swap+ de acciones u otras participaciones de capital

equity transaction

transaccin de capital
transaccin relativa a participaciones de capital

equity

capital social

equity capital

capital accionario
capital propio
acciones y otras participaciones de capital
participacin de capital

equity-like instrument

instrumento financiero con caractersticas patrimoniales

error-correction model

modelo autocorrector

[econometrics]
ECM

ESAF arrangement

acuerdo en el marco del SRAE

[IMF]

ESAF successor

servicio financiero sucesor del SRAE

[IMF]
successor facility

ESAF Trust Loan Account

Cuenta de Prstamos

Loan Account

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ESAF Trust loan

prstamo de la Cuenta Fiduciaria del SRAE

[IMF-ESAF]

prstamo en el marco de la Cuenta Fiduciaria del SRAE

Trust loan

ESAF Trust portion of ESAF (or SAF) loan

[IMF-FIN]

parte de los prstamos en el marco del SRAE (o el SAE) financiada

con cargo a la Cuenta Fiduciaria del SRAE

ESAF Trust part of ESAF loan

ESAF Trust Reserve Account

Cuenta de Reservas del SRAE

Reserve Account

ESAF Trust Subsidy Account

Cuenta de Subvencin

Subsidy Account

ESAF-HIPC Trust Account

Cuenta Fiduciaria SRAE-PPME

[IMF]

escalator clause

clusula de reajuste

escalation clause

clusula de correccin monetaria

clusula de escala mvil
[salarios]
clusula de ajuste automtico

escape clause

clusula liberatoria
clusula de salvaguardia
clusula de excepcin

escrow account
[IMF/WB; HIPC]

cuenta de depsito en garanta

cuenta de fondos en custodia
[ESAF-HIPC]
cuenta de garanta bloqueada
[Club de Pars]

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escrowed grant

donacin en custodia

[ESAF-HIPC]

escrowed loan

prstamo en custodia

[ESAF-HIPC]

ESF Subsidy Account

Cuenta de Subvencin del SSE

[IMF]

ESF-PRGF Subsidy Account

Cuenta de Subvencin SCLP-SSE

[IMF]

essential goods

artculos de primera necesidad

productos de primera necesidad

establishment
[BPM5; SNA93]

establecimiento
[SCN93]

estate duty

impuesto sucesorio

estate tax

impuesto de sucesin
impuesto sobre la masa hereditaria
impuesto sobre las sucesiones
impuesto sobre la herencia

estate, inheritance, and gift taxes

impuestos sobre sucesiones, herencias y regalos

estimated expenditure

estimacin de gastos
gasto estimado
gasto previsto

Ethics Committee

Comisin de tica

[IMF, Executive Board]

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Ethics Office

Oficina de tica

[IMF-OMD]

EU Policies Division

Divisin de Polticas de la UE

[EUR/EU]

Eurepo

Eurepo

euro

euro

euro area core countries

pases del ncleo de la zona del euro

core countries

ncleo de la zona del euro

euro area core

core economies
core Europe

euro area

zona del euro

euro zone
eurozone

Euro Plus Pact

Pacto por el Euro Plus

Eurobond

eurobono

Eurobond issue

emisin de eurobonos

Eurobond market

mercado de eurobonos

Eurocommercial paper

efectos comerciales en eurodivisas

[BPM5]

[MBP5]

ECP
Euro-CP

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Eurocredit

eurocrdito

Eurocurrency loan

Eurocurrency

euromoneda

Eurodollar

eurodlar

[SNA93]

[SCN93]

Eurogeddon

Eurogedn

euroization

eurizacin
euroizacin

Euromarket

euromercado

Euronote

europagar

Europe and Central Asia

Europa y Asia central

ECA

Europe Regional Division

Divisin de la Regin de Europa

[MCM/R3]

European bailout fund

fondo de rescate europeo

European Bank Coordination Initiative

Iniciativa de Coordinacin Bancaria Europea

EBCI

Iniciativa de Viena

Initiative for Coordination of European Banks

Vienna Initiative

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European Bank for Reconstruction and Development

Banco Europeo de Reconstruccin y Desarrollo

EBRD

BERD

European Banking Authority

Autoridad Bancaria Europea

EBA

ABE

European Central Bank

Banco Central Europeo

ECB

BCE

European Coal and Steel Community

Comunidad Europea del Carbn y del Acero

ECSC

CECA

European Committee for Standardisation

Comit Europeo de Normalizacin

CEN

European common margins arrangement

acuerdo europeo de mrgenes comunes

European Council

Consejo Europeo

[EU]

European Crisis Resolution Mechanism

Mecanismo europeo de resolucin de crisis

ECRM

European Currency Unit

unidad de cuenta europea

ECU

ecu

European Department

Departamento de Europa

[IMF]
EUR

European Development Fund

Fondo Europeo de Desarrollo

EDF

FED

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European Division

Divisin de Europa

[INS/EU]

European Economic Area

Espacio Econmico Europeo

EEA

EEE

European Economic Space

Zona Econmica Europea

European Economic Community

Comunidad Econmica Europea

EEC

CEE

European Environment Agency

Agencia Europea de Medio Ambiente

EEA

AEMA

European Financial Stability Facility

Fondo Europeo de Estabilidad Financiera

EFSF

FEEF

European Financial Stability Framework Exercise

Proceso del Marco Europeo de Estabilidad Financiera

EFFE

European Financial Stabilization Mechanism

Mecanismo Europeo de Estabilizacin Financiera

EFSM

MEEF

European Free Trade Area

Zona Europea de Libre Intercambio

European Free Trade Association

Asociacin Europea de Libre Comercio

EFTA

AELC

European Insurance and Occupational Pension Authority

Autoridad Europea de Seguros y Pensiones de Jubilacin

EIOPA

AESPJ

European Investment Bank

Banco Europeo de Inversiones

EIB

BEI

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European Monetary Cooperation Fund

Fondo Europeo de Cooperacin Monetaria

EMCF

FECOM

European Monetary Institute

Instituto Monetario Europeo

EMI

IME

European Monetary System

Sistema Monetario Europeo

EMS

SME

European Monetary Union

Unin Monetaria Europea

EMU

UME

European narrow margins arrangement

acuerdo europeo de mrgenes estrechos

snake in the tunnel

serpiente (en el tnel)

snake system

intervencin en mltiples monedas

currency snake system

multicurrency intervention system

European Network on Debt and Development

Red Europea sobre la Deuda y el Desarrollo

EURODAD

EURODAD

European Payments Union

Unin Europea de Pagos

EPU

European periphery

periferia europea

European Securities and Markets Authority

Autoridad Europea de Valores y Mercados

ESMA

AEMV

European Semester

semestre europeo

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European Social Fund

Fondo Social Europeo

[EC]

FSE

ESF

European Stability Mechanism

Mecanismo de Estabilidad Financiera

ESM

MEE

European Stabilization Mechanism

Mecanismo Europeo de Estabilidad

ESM

MEDE

European System of Central Banks

Sistema Europeo de Bancos Centrales

[EU]
ESCB

SEBC
Eurofed

Eurofed

European System of Financial Supervisors

Sistema Europeo de Supervisores Financieros

ESFS

European Systemic Risk Board

Junta Europea de Riesgo Sistmico

ESRB

JERS

European Union

Unin Europea

EU

UE

European-style option

opcin a la europea

[securities market]
European option

eurosclerosis

euroesclerosis

euro sclerosis

Eurosystem

eurosistema

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Euroyen

euroyen

Evaluation Committee

Comisin de Evaluacin

[IMF, Executive Board]

EVC

even par swap

canje de valores de igual valor nominal

evenhandedness

trato igualitario
imparcialidad

event of default
[London Club]

event risk

causal de incumplimiento
caso de incumplimiento

riesgo de eventos
riesgo eventual
riesgo de que empeore la situacin

evergreen loan

prstamo perenne

evergreening of loans

reciclaje

[banking]
evergreening of bad accounts

Everything But Arms Initiative

iniciativa "Todo menos armas"

EBA

Evian approach

enfoque de Evian

ex ante

ex ante
a priori

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ex ante forecast

pronstico ex ante
previsin ex ante

ex post assessment of Fund-supported programs

evaluacin ex post de los programas respaldados por el FMI

Ex Post Assessment

evaluacin ex post

EPA

ex post evaluation

evaluacin ex post

[IMF]
EPE

ex post forecast

pronstico ex post
previsin ex post

exceptional circumstances clause

clusula de circunstancias excepcionales

[IMF, access limit]

exceptional financing
[BPM5; BPM6]

financiamiento excepcional
[MBP6]

excess (plant) capacity

exceso de capacidad (instalada)

excess capacity

capacidad excedentaria

excess capital formation

formacin excesiva de capital

excess capital accumulation

sobreacumulacin de capital
sobrecapitalizacin

excess demand

exceso de demanda
demanda excedentaria

excess employment

sobreempleo

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excess expenditure

exceso de gastos

excess holding ratio

proporcin de tenencias en exceso

[SDR]

excess profit

utilidades extraordinarias

economic profit

ganancias extraordinarias

supranormal profit

beneficios extraordinarios

excess purchasing power

exceso de poder adquisitivo

excess reserves

sobreencaje
excedente de reservas
exceso de reservas
excedente de encaje
[SCN93]

excess tax burden

presin fiscal excesiva

excess burden

tributacin excesiva

deadweight loss

prdida de eficiencia debida a los impuestos

efficiency loss

Excessive Deficit Procedures

procedimiento aplicable en caso de dficit excesivo

EDP

exchange allocation

asignacin de divisas

exchange arrangement

rgimen cambiario

exchange rate arrangement

exchange rate regime
exchange system

[MBP5]
rgimen de tipos de cambio
[MBP5]
rgimen de cambio

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exchange arrangements with no separate legal tender

regmenes de cambio sin una moneda nacional de curso legal

[IMF exchange rate classification system, 2006]

exchange contract

contrato de cambio

exchange control

control de cambios

exchange restriction

regulacin cambiaria
[Am. Lat.]
restriccin cambiaria

Exchange Equalization Account

Cuenta de Igualacin de Cambios

[GBR]
EEA

exchange house

casa de cambio

exchange bureau

exchange profits
[GFSM; GFSY]

utilidades cambiarias
utilidades de operaciones cambiarias
[MEFP]

exchange rate anchor

[IMF monetary policy framework classification system, 2006]

exchange rate differential

uso del tipo de cambio como ancla

ancla cambiaria

diferencial de tipos de cambio

diferencial cambiario
diferencia entre los tipos de cambio

exchange rate future

futuro sobre tipos de cambio

contrato de tipo de cambio a trmino
contrato de tipo de cambio a plazo

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Exchange Rate Issues Division

Divisin de Asuntos Cambiarios

[RES/ER]

exchange rate management

regulacin del tipo de cambio

gestin del tipo de cambio

Exchange Rate Mechanism II

mecanismo de tipos de cambio 2

ERM II

MTC 2

Exchange Rate Mechanism

mecanismo de tipos de cambio

[EMS]

MTC

ERM
Exchange Rate Mechanism I
ERM I

exchange rate misalignment

desalineacin del tipo de cambio

exchange rate overshooting

sobrerreaccin del tipo de cambio

currency overshooting

ajuste cambiario excesivo

exchange rate pass-through

repercusin de los ajustes del tipo de cambio en los precios internos

ERPT

traspaso de los ajustes del tipo de cambio a los precios internos

pass-through to inflation

exchange rate policy

poltica cambiaria

exchange policy

poltica de tipos de cambio

foreign exchange policy

exchange rate realignment

realineamiento de los tipos de cambio

currency realignment

realineamiento de las paridades

realineamiento de las monedas

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exchange rate targeting

estrategia de objetivos de tipo de cambio

exchange rate targeting strategy

estrategia basada en objetivos de tipo de cambio

exchange rate

tipo de cambio

rate of exchange

tasa de cambio

exchange rates within crawling bands

tipos de cambio dentro de bandas de fluctuacin

[IMF exchange rate classification system, 2006]

exchange reserves

reservas de divisas

foreign exchange reserves

reservas en moneda extranjera

exchange risk

riesgo cambiario
riesgo de cambio

exchange risk insurance

seguro de cambio

foreign exchange insurance

exchange insurance

exchange stability

estabilidad de los tipos de cambio

estabilidad cambiaria

exchange valuation adjustment

ajuste por revaloracin de divisas

ajuste por revaloracin cambiaria

exchange
foreign currency
foreign exchange
forex

moneda extranjera
[MBP6; Gua de la deuda, 1993; MEFP; SCN93]
divisa
[SCN93]
divisas
[MBP5]
cambio

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exchange-traded fund

fondo cotizado en bolsa (ETF)

ETF
tracker

excise tax

impuesto selectivo al consumo

excise

impuesto selectivo
impuesto especfico sobre el consumo
impuesto especfico
impuesto selectivo a la produccin y al consumo de bienes

excluded holdings

tenencias excluidas

[IMF]

exclusive economic zone

zona econmica exclusiva

EEZ

Executing Agency Agreement

acuerdo con el organismo de ejecucin

[UNDP]

Executive Board and Member Services Section

[SEC/AI/BM]

Seccin de Servicios para el Directorio Ejecutivo y los Pases

Miembros

EBMS

Executive Board Room

Saln del Directorio Ejecutivo

[IMF-SEC]
Board Room

Executive Board
[IMF]

Directorio Ejecutivo
Directorio

Board

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Executive Dining Room

Comedor Ejecutivo

[IMF]

Executive Director

Director Ejecutivo

[IMF-OED]
ED

Executive Director, Alternate

Director Ejecutivo Suplente

[IMF-OED]

executive directors

directores ejecutivos

EDs

Executive Secretary

Secretario Ejecutivo

[IMF-IBRD, Development Committee]

executive session

sesin a puerta cerrada

[IMF, Executive Board]

executive summary

resumen analtico
Resumen ejecutivo

exercise an option

ejercer una opcin

exercise of a financial derivative

ejercicio de un instrumento financiero derivado

exercise price

precio de ejercicio

[options]

precio de ejecucin

striking price
strike price
contract price

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exhaustible resource

recurso no renovable
recurso agotable

exit agreement
[debt restructuring]

acuerdo de salida
acuerdo final
acuerdo definitivo

exit bank
[debt restructuring]

exit bond

banco saliente
banco que opta por la exclusin

bono de salida

[debt restructuring]
exit instrument

exit consent

clusula de consentimiento de salida

[debt restructuring]

exit from monetary and fiscal stimulus

retiro del estmulo monetario y fiscal

[WHD REO]

exit policy

poltica de salida (del mercado)

exit rescheduling

reprogramacin definitiva

[Paris Club]

exit strategy
[exchange rate pegging]

estrategia para abandonar el (rgimen de) tipo de cambio fijo

estrategia de salida

exogenous factor

factor exgeno

exogenous growth model

modelo de crecimiento exgeno

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exogenous shock

+shock+ exgeno
perturbacin exgena

Exogenous Shocks Facility

Servicio para Shocks Exgenos

ESF

SSE

shocks facility

exogenous variable

variable exgena

expansionary impulse

impulso expansivo
impulso expansionista

expansionary policy

poltica expansiva
poltica expansionista
poltica de expansin

expectation date

fecha en que se espera una recompra

[IMF repurchases]

expected economic lifetime

vida econmica probable

expected economic life

vida econmica esperada

expected rate

tasa prevista
tasa esperada

expected utility

utilidad prevista

EU

utilidad esperada

expected value

valor esperado

[statistics]

esperanza matemtica

EV
mathematical expectation

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expenditure and lending minus repayments by economic type

gastos y concesin de prstamos menos recuperaciones por tipo

econmico

expenditure assignment

asignacin del gasto

expenditure authorization

autorizacin de gastos

expenditure by function

gastos por funciones

[GFS 1986]

expenditure commitment

compromiso de gastos

commitment

compromiso de autorizacin de gastos

expenditure item

partida de gastos

[GFS 1986]
expense item
[GFSM 2001]

Expenditure Policy Division

rubro de gastos
rbrica de gastos
[ESP]

Divisin de Polticas de Gasto

[FAD/EP]

expenditure tax
[GFS 1986]

impuesto sobre el gasto

impuesto al gasto

expenditure validation

liquidacin

validation

validacin

expenditure verification

verificacin

verification

expenditure-changing policy

poltica de modificacin del gasto

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expenditure-reducing policy

poltica de reduccin del gasto

expenditure-restraining measures

medidas de restriccin del gasto

expenditure-switching policy

poltica de reorientacin del gasto

switching policy

poltica de modificacin de la composicin del gasto

expense

gasto

expenditure

desembolso
erogacin

expensing

amortizacin inmediata

immediate expensing

deduccin inmediata como gasto

immediate write-off

explanatory power

poder explicativo

[economic models]

explanatory variable

variable explicativa

[economic models]

explanatory variables

variables explicativas

exponent

exponente

exponential distribution

distribucin exponencial

exponential function

funcin exponencial

export capacity

capacidad exportadora
capacidad de exportacin

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export credit

crdito de exportacin
crdito a la exportacin
[Gua de la deuda, 1993]

export credit agency

organismo de crdito a la exportacin

[Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]
ECA

export duty

derecho de exportacin

export tax

derecho de exportacin
impuesto sobre las exportaciones

export earnings

ingresos de exportacin

export proceeds

ingresos provenientes de la exportacin

export receipts

export markets

mercados de exportacin

export performance

resultado de las exportaciones

evolucin de la exportacin
trayectoria de las exportaciones
situacin de las exportaciones
comportamiento de las exportaciones

export price

precio de exportacin

[for a specific product]

export processing zone

zona franca para la industria de exportacin

EPZ

zona de procesamiento para la exportacin

industrial free trade zone

zona maquiladora

industrial free trade area

zona franca industrial

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export promotion

fomento de la exportacin
promocin de las exportaciones

export retention scheme

sistema de retencin de los ingresos de exportacin

foreign exchange retention scheme

foreign exchange retention

export shortfall

insuficiencia de las exportaciones

insuficiencia de los ingresos de exportacin

export surplus

supervit de exportacin
supervit de la balanza comercial

exporters of manufactures

exportadores de manufacturas

exporters of primary products

exportadores de productos primarios

exporters of services and recipients of private transfers

proveedores de servicios y receptores de transferencias privadas

Export-Import Bank of the United States

Banco de Exportacin e Importacin de Estados Unidos

[USA]
EXIMBANK

exporting industry

industria exportadora
sector de exportacin

export-led recovery

recuperacin econmica basada en la exportacin

recuperacin inducida por la exportacin
recuperacin impulsada por las exportaciones

ex-post
[economics]

ex post
a posteriori

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expropriation

expropiacin

extendable bond

bono prorrogable

extended arrangement charge

comisin por inmovilizacin de fondos para acuerdos en virtud del

[IMF]

Extended Arrangement
[IMF]
EA

Servicio Ampliado del FMI

Acuerdo Ampliado del FMI

[P45]
acuerdo en virtud del Servicio Ampliado del FMI
Acuerdo Ampliado

extended burden sharing

[IMF]

distribucin ampliada de la carga

ampliacin de la distribucin de la carga

extension of burden sharing

Extended Credit Facility

Servicio de Crdito Ampliado

ECF

SCA

Extended Fund Facility

Servicio Ampliado del FMI

[IMF]

SAF

EFF
Extended Financing Facility
[Sometimes used synonymously with Extended Fund Facility
(which is the main official version)]
Extended Facility

extension flat fee

comisin de prrroga

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extension of expectations

prrroga del plazo de recompras anticipadas

[IMF]
extension of repurchase expectations
extension of a repurchase expectation

extension of period

prrroga del plazo

extension of Toronto terms

ampliacin del campo de aplicacin de las condiciones de Toronto

external account

cuenta externa

[BPM5]

External Accounts Unit

cuenta de transacciones con el exterior

Unidad de Cuentas Externas

[FIN/AX/AP/EA]

external adjustment

ajuste externo
ajuste del sector externo
ajuste de la balanza de pagos

external asset (assets owned abroad by residents)

foreign asset

activo externo
[IFS]
activo frente al exterior

external asset (assets owned by nonresidents)

activo externo

foreign asset

activo frente al exterior

external audit

auditora externa

External Audit Committee

Comit de Auditora Externa

[IMF]

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external audit mechanism, legal structure and independence of

mecanismo de auditora externa; estructura e independencia

the central bank, financial reporting practices, internal audit

jurdicas (del banco central); presentacin de informacin financiera;

mechanism, and the system of internal controls

mecanismo de auditora interna, y sistema de controles internos

[IMF, safeguards assessments]

mecanismo ELRIC de evaluacin de las salvaguardias

ELRIC

ELRIC

external auditor

auditor externo

External Balance Assessment methodology

metodologa de evaluacin de los saldos externos

EBA methodology

external balance
[BPM5]

saldo externo
saldo externo de la balanza de pagos
saldo de la balanza de pagos
[MBP5]

external bond

bono externo

external claim

crdito frente al exterior

foreign claim

activo externo
activo sobre el exterior

external contingency element

[CCFF]

mecanismo para contingencias externas

componente de financiamiento para contingencias

contingency element
[CCFF]

external current account deficits

dficits de la cuenta corriente externa

external debt ratio

coeficiente de endeudamiento externo

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external debt

deuda externa

foreign debt

endeudamiento externo

external disturbance

perturbacin externa
perturbacin de origen externo

external financial assets

[SNA93]

external financing
[SNA93]

external imbalance

activos financieros externos

[SCN93]

financiamiento externo
[SCN93]

desequilibrio externo
desequilibrio de la balanza de pagos
desequilibrio de los pagos exteriores
desequilibrio de pagos externos

External Relations Department

Departamento de Relaciones Externas

[IMF]
EXR

external resource envelope

volumen de recursos externos

External Review Committee (on World Bank-IMF Collaboration)

Comit Externo de Evaluacin (de la Colaboracin entre el Banco

Mundial y el FMI)

external sector

sector externo

foreign sector

cuentas externas

external sustainability

sostenibilidad externa
sostenibilidad de la balanza de pagos

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External Sustainability Report

Informe de Sostenibilidad Externa

Sustainability Report

Informe de Sostenibilidad

external viability

viabilidad externa

External Web Division

Divisin a cargo del Sitio Web Externo

[COM/EW]

External Website Section

Seccin encargada del Sitio Web Externo

[EXR/AI/EW]

externality

externalidad

extrabudgetary account

cuenta extrapresupuestaria

extrabudgetary fund

fondo extrapresupuestario

EBF

extrabudgetary funds

fondos extrapresupuestarios

EBFs

extrabudgetary units

unidades extrapresupuestarias

[GFS 1986]
extrabudgetary entities

extractive industries

industrias extractivas

Extractive Industries Review

Examen de las industrias extractivas

EIR

Extractive Industries Transparency Initiative

Iniciativa para la transparencia de las industrias extractivas

EITI

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extractive sector

sector extractivo

extranet

extranet

extraterritorial body

organismo extraterritorial

[BPM5]

extreme poverty

pobreza extrema

ex-works price

precio de fbrica

EXW price
ex factory price
factory (gate) price

F&D

Finanzas & Desarrollo

Finance & Development

F&D

[IMF]

f.a.s. valuation

valoracin f.a.s.

f.o.b. valuation

valoracin f.o.b.

[BPM5]

FABLES

[MBP5]

Francia, Austria, Blgica, Luxemburgo, Estonia y Eslovenia

grupo FABLES

Facilities Chapeau paper

documento marco sobre los servicios financieros del FMI

Facilities Management Division

Divisin de Administracin de Instalaciones

[TGS/DF]

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Facilities, Planning, and Development Section

Seccin de Instalaciones, Planificacin y Desarrollo

[TGS/DF/FP]

fact sheet

ficha tcnica

[IMF-EXR]

factor cost, at

al costo de los factores

factor endowment

dotacin de factores
dotacin de factores de produccin

factor income from abroad

renta de los factores de produccin proveniente del exterior

ingreso de los factores proveniente del exterior

factor income share

participacin de los factores de produccin

factor share

participacin en el ingreso nacional

factor income

renta de los factores de produccin

[SNA93]

ingreso de los factores

ingreso de factores
[SCN93]

factor inputs

insumos atribuibles a factores

insumos factoriales

factor loading

carga del factor

factor mobility

movilidad de los factores de produccin

factor payments

remuneracin de los factores de produccin

pago por factores de produccin

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factoring

factoring

[finance]

descuento de facturas
factoraje

factor-price distortion

distorsin de los precios de los factores

distorsin de los precios de los factores de produccin

failed institution

institucin en quiebra
institucin insolvente

fair market value

market value
sale value
fair market price
fair price

valor de mercado
[GMBS; MEFP]
valor venal
[GMBS]
cotizacin del mercado
valor de venta
precio justo
precio justo de mercado

fair trade

comercio justo
comercio equitativo

fair value

valor razonable
[MBP6; GISF]

fair value accounting

contabilidad en valores razonables

FVA

principio contable del valor razonable

fairness and evenhandedness

equidad e imparcialidad

fair-value accounting

contabilidad de valor razonable

FVA

contabilidad de valor justo

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Family Consultation and Referral Service

Servicio de Consulta y Asesoramiento a Familias

[IMF]

family living expenses

gasto de subsistencia familiar

gasto de subsistencia de una familia

fan chart

grfico de abanico

[econometrics]

farm gate price

precio del productor agrcola

precio al productor agrcola

fatality rate

letalidad

FATF-Style Regional Bodies

organizaciones regionales semejantes al GAFI

[FSSA]

rganos regionales tipo GAFI

FSRBs

fear of floating

temor a la flotacin

[central banking]

feasibility study

estudio de factibilidad
estudio de viabilidad

federal debt ceiling

tope de la deuda del gobierno federal

Federal Deposit Insurance Corporation

Corporacin Federal de Seguros de Depsitos

[USA]

FDIC

FDIC

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federal funds interest rate

tasa de los fondos federales

federal funds rate

tasa del mercado interbancario

[USA]

tasa de los prstamos interbancarios a un da

tasa de los prstamos interbancarios da a da
tasa de inters interbancario
tasa de inters de los fondos federales
tasa de inters de referencia
tasa de inters de poltica monetaria

federal funds market

[USA]

mercado de fondos federales

mercado monetario interbancario
mercado de prstamos interbancarios a un da
mercado de prstamos interbancarios da a da

federal funds
[USA]

fondos federales
prstamos interbancarios a un da
prstamos interbancarios da a da

Federal Home Loan Mortgage Corporation

Sociedad Nacional de Prstamos Hipotecarios

FHLMC
Freddie Mac

Federal Housing Finance Agency

Agencia Federal de Crdito para la Vivienda

FHFA

FHFA

Federal National Mortgage Association

Asociacin Federal de Crdito Hipotecario

[USA]

Asociacin Hipotecaria Federal

FNMA
Fannie Mae

Federal Reserve Bank

Banco de la Reserva Federal

[USA]

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Federal Reserve float

cheques pendientes de cobro depositados en bancos de la Reserva

[USA]

Federal

Federal Reserve Open Market Committee

Comit de Operaciones de Mercado Abierto de la Reserva Federal

FOMC

Comit de Mercado Abierto

Federal Open Market Committee

[USA]
Open Market Committee

Federal Reserve System

[USA]

Sistema de la Reserva Federal

Reserva Federal

Federal Reserve
Fed

Federation of Arab Scientific Research Councils

Federacin de Consejos Arabes de la Investigacin Cientfica

FASRC

feedback (process)

retroaccin
realimentacin
reaccin
retroalimentacin

feedback loop

interaccin de factores negativos

interaccin nociva
interaccin negativa

felicity function

funcin de felicidad

instantaneous utility function

fiat money

moneda fiduciaria

fiduciary money

dinero de curso forzoso

fiat currency
central bank money

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fiduciary agent

fiduciario

fiduciary

[SCN93]

[SNA93]

field audit

inspeccin

on-site supervision

auditora in situ

on-site inspection

inspeccin in situ
supervisin in situ

Field Security Office

Oficina de Seguridad Externa

[IMF-TGS/DA]
FSO

Field Security Section

Seccin de Seguridad Externa

[TGS/SE/FS]

file a tax return

presentar una declaracin de impuestos

presentar una declaracin de rentas

filter based on contribution to global growth

filtro basado en la contribucin al crecimiento mundial

final consumption

consumo final

finance company

compaa financiera

finance house

financiera

[GBR]

sociedad financiera
institucin financiera

Finance Department

Departamento Financiero

[IMF; MFSM]
FIN

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financial accelerator

acelerador financiero

financial access

acceso a servicios financieros

financial access data

datos sobre el acceso a servicios financieros

Financial Access Survey

encuesta sobre acceso a servicios financieros

FAS

financial account

cuenta financiera

Financial Action Task Force on Money Laundering

Grupo de Accin Financiera Internacional sobre el Blanqueo de

FATF

Capitales

Financial Action Task Force

GAFI
Grupo de Accin Financiera Internacional

financial activities tax

impuesto sobre las actividades financieras

FAT

Financial and Administrative Systems Division

Divisin de Sistemas Financieros y Administrativos

[TGS/IF]

financial and capital transactions

transacciones financieras y de capital

financial and regulatory arbitrage

arbitraje financiero y regulatorio

financial asset

activo financiero

financial asset boundary

delimitacin de la categora de activos financieros

financial assets and liabilities account

cuenta de activos y pasivos financieros

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financial broadening

ampliacin del mercado financiero

broadening of the financial market

diversificacin del mercado de capitales

broadening of the capital market

financial center

centro financiero
plaza financiera

financial channels

circuitos financieros

financial constraints

limitaciones financieras

financial contagion

contagio financiero

financial crises

crisis financieras

financial crisis

crisis financiera

financial crowding out

desplazamiento del sector privado en el mercado de capitales

financial deepening

profundizacin financiera

deepening of the financial market

profundizacin del mercado financiero

deepening of the capital market

intensificacin de la intermediacin financiera

desarrollo de los circuitos financieros

financial depression

depresin financiera

financial depth

profundidad financiera

financial deregulation

desregulacin financiera

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financial derivative

instrumento derivado

derivative

instrumento financiero derivado

derivative instrument

producto derivado
derivado
derivado financiero

Financial Derivatives: A Supplement to the Fifth Edition (1993)

Instrumentos financieros derivados: Suplemento a la quinta edicin

of the Balance of Payments Manual

(1993) del Manual de Balanza de Pagos

financial discipline

disciplina financiera

financial disintermediation

desintermediacin financiera

financial economy

economa financiera
sector financiero de la economa
sector financiero

financial fragmentation

fragmentacin financiera

financial market fragmentation

fragmentacin del mercado financiero

financial future

contrato de futuro financiero

futuro financiero

financial futures market

mercado de futuros financieros

financial futures exchange

bolsa de futuros financieros

financial inclusion

inclusin financiera

financial innovation

innovacin financiera

financial instability

inestabilidad financiera

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financial institution

institucin financiera

Financial Institutions Division I, II

Divisin de Instituciones Financieras I, II

[STA/F1, F2]

financial institutions sector

sector de instituciones financieras

[GFS 1986]

financial instrument

instrumento financiero

financial intelligence unit

unidad de inteligencia financiera

[money laundering]

UIF

FIU

financial interconnectedness

interconexin financiera

financial intermediaries

intermediarios financieros

[BPM5; GMBS; SNA93]

financial intermediation

[SCN93]

intermediacin financiera
cargo por intermediacin
servicios de intermediacin financiera

financial intermediation services indirectly measured

servicios de intermediacin financiera medidos indirectamente

FISIM

SIFMI

financial leasing

arrendamiento financiero

leasing

arrendamiento con opcin a compra

financial lease

+leasing+

finance lease

arrendamiento de financiacin

leasing arrangement

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financial liabilities

pasivos financieros
[Gua de la deuda, 1993; MEFP; SCN93]

financial liberalization

liberalizacin financiera

financial loan

prstamo financiero

financial credit

crdito financiero

financial market

mercado financiero

Financial Market Review Group

Grupo de Evaluacin del Mercado Financiero

financial market turbulence

turbulencia financiera

financial turbulence

turbulencia en los mercados financieros

financial markets turmoil

financial markets

mercados financieros

Financial Markets Update

+Financial Markets Update+

[IMF-MCM]

financial net worth

patrimonio financiero

net financial worth

patrimonio financiero neto

financial openness

apertura financiera

Financial Operations and Reporting Division

Divisin de Operaciones y Declaracin de Datos Financieros

[FIN/FR]

Financial Organization and Operations of the IMF

Organizacin y operaciones financieras del FMI

[IMF]

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Financial Oversight Division

Divisin de Supervisin Financiera

[IMF-MCM]

financial panic

pnico financiero

financial paper

efecto financiero

[BOP]

papel financiero

financial pooling arrangement

fondo comn de recursos financieros

financial pooling

fondo comn
mancomunacin de recursos

financial position

situacin financiera

financial condition

financial product

producto financiero

financial records

registros financieros

financial reporting

declaracin de datos financieros

informacin financiera

financial repression

represin financiera

financial restriction

financial safety net

red de seguridad financiera

financial sector

sector financiero

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Financial Sector Analysis Division

Divisin de Anlisis del Sector Financiero

[IMF-MCM]
FA

Financial Sector Assessment Program

[IMF-WB]

Programa de Evaluacin del Sector Financiero

PESF

FSAP

Actualizacin del Programa de Evaluacin del Sector Financiero

financial sector assessment

evaluacin del sector financiero

FSA

Financial Sector Assessments and Policies Division

Divisin de Evaluaciones y Polticas del Sector Financiero

[MCM/FS]
FS

Financial Sector Policy Division

Divisin de Polticas del Sector Financiero

[MCM/FP]

Financial Sector Reform and Strengthening Initiative

Iniciativa de Reforma y Fortalecimiento del Sector Financiero

FIRST Initiative
FIRST

Financial Sector Review Group

Grupo de Examen del Sector Financiero

[IMF]

Financial Sector Stability Assessment

[IMF-WB]

Evaluacin de la Estabilidad del Sector Financiero

EESF

FSSA

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financial shield

blindaje

financial armor plating

loan package
shield package

[ARG; MEX]
blindaje financiero
[ARG; MEX]

+blindaje+

financial shock

shock financiero

financial soundness

solidez financiera

financial soundness indicator

indicador de solidez financiera

[FSIG]

[GISF]

FSI

ISF

Financial Soundness Indicators: Compilation Guide

+Indicadores de solidez financiera: Gua de compilacin+

[IMF]
FSIG

Financial Stability Board

Consejo de Estabilidad Financiera

FSB

CEF

financial stability contribution

contribucin a la estabilidad financiera

financial stability tax

Financial Stability Forum

Foro sobre Estabilidad Financiera

[G-7]
FSF

Financial Stability Line

lnea de crdito para la estabilidad financiera

FSL

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Financial Stability Oversight Council

Consejo de Supervisin de la Estabilidad Financiera

FSOC

financial statement

estado financiero
estado contable

financial statistics

estadsticas financieras

financial stress

turbulencia
tensin financiera
turbulencia financiera

Financial Stress Index

ndice de tensin financiera

financial surveillance

supervisin financiera

Financial Surveillance Strategy

Estrategia de Supervisin Financiera

financial survey

panorama financiero

[IMF]

financial system

sistema financiero

Financial System Stability Assessment

evaluacin de la estabilidad del sistema financiero

[IMF]
FSSA

Financial Transaction Tax

impuesto sobre las transacciones financieras

FTT

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financial transactions plan

plan de transacciones financieras

[IMF]

plan de transacciones

transactions plan

financial turmoil

tensiones financieras
trastornos financieros
turbulencia financiera

financial viability

viabilidad financiera

financial volatility

volatilidad financiera

financial wealth

riqueza financiera

financial year of the Fund

ejercicio del FMI

financially integrated commodity exporters

exportadores de materias primas integrados a los mercados

FICE

financieros

financially integrated economies

economas financieramente integradas

financing abroad

financiamiento externo

[GFSY]

financing assurances

seguridades de financiamiento

[IMF]
financial assurances

financing by type of debt holder

financiamiento por tipo de tenedor de deuda

[GFSY]

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financing by type of debt instrument

financiamiento por tipo de instrumento de deuda

[GFSY]

financing facility

servicio financiero

credit facility

lnea de crdito

facility

mecanismo de financiamiento

[IMF]

financing gap
[BPM5]

mecanismo financiero

dficit de financiamiento
insuficiencia de financiamiento
brecha financiera

financing item

partida de financiamiento

financing package

plan de financiamiento

financial package

[SRAE]
paquete de financiamiento
paquete financiero

financing requirements

necesidades de financiamiento

financing

financiamiento

[GFSY; GFSM; SNA93]

[MEFP; SCN93]
financiacin
[SCN93]

fine gold

oro fino

fine tuning

afinacin
ajuste
ajuste preciso

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fineness of gold

ley del oro

fines and forfeits

multas y remates

[GFSY]

finished good

producto terminado
producto acabado
bien terminado

finite difference

diferencia finita

fire sale

venta masiva
venta apresurada

fire sale liquidation

venta masiva

forced liquidation

liquidacin a precios muy bajos

venta apresurada

fire-sale price

precios de liquidacin

first credit tranche conditionality

condicionalidad del primer tramo de crdito

[IMF]

first credit tranche purchase

compra en el primer tramo de crdito

[IMF]

First Deputy Managing Director

Primer Subdirector Gerente

[IMF-OMD]
FDMD

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first in, first out

mtodo de primeras entradas, primeras salidas

FIFO

mtodo PEPS
mtodo FIFO

first in, last out

[accounting]

mtodo de primeras entradas, ltimas salidas

mtodo PEUS

FILO

mtodo FILO

first-order effect

efecto inmediato

first-round effect

efecto de primer orden

efecto de primera ronda

first-tier bank

banco de primer piso

fiscal adjustment

consolidacin fiscal

fiscal consolidation

reordenamiento de las finanzas pblicas

fiscal containment

saneamiento de las finanzas pblicas

fiscal retrenchment

ajuste fiscal

fiscal tightening

ajuste presupuestario

budget consolidation

contencin del gasto pblico

budgetary consolidation

endurecimiento de la poltica fiscal

budgetary retrenchment

Fiscal Affairs Department

Departamento de Finanzas Pblicas

[IMF]
FAD

fiscal agency
[IMF]

agente fiscal
[P45]
organismo fiscal
[AA]

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Fiscal Analysis of Resource Industries

anlisis fiscal de las industrias de extraccin de recursos

FARI

fiscal austerity

austeridad fiscal

fiscal authorities

autoridades fiscales

fiscal backstop

mecanismo de apoyo fiscal

fiscal balance

saldo fiscal

budgetary balance

saldo presupuestario

budget surplus/deficit

saldo del presupuesto

supervit/dficit fiscal
supervit/dficit presupuestario

fiscal buffers

defensas fiscales
amortiguadores fiscales

fiscal burden
[GFSM 2001]

carga fiscal
[MEFP]

fiscal capacity

capacidad fiscal

fiscal cliff

precipicio fiscal
abismo fiscal
despeadero fiscal

fiscal contraction

contraccin fiscal

fiscal deficit

dficit fiscal
dficit de las finanzas pblicas

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fiscal devaluation

devaluacin fiscal

fiscal discipline

disciplina fiscal

fiscal restraint

restriccin fiscal
austeridad fiscal
restriccin del gasto pblico
compresin fiscal
compresin del gasto pblico
reduccin de gastos

fiscal dominance

predominio fiscal
dominancia fiscal

fiscal drag

lastre fiscal
freno fiscal
rmora fiscal
[ESP]

fiscal effort

esfuerzo fiscal

tax effort

esfuerzo tributario

fiscal envelope

recursos fiscales
nivel de recursos fiscales

fiscal equilibrium

equilibrio fiscal

fiscal balance

equilibrio del presupuesto

equilibrio de las finanzas pblicas

fiscal federalism

federalismo fiscal

fiscal gap

brecha fiscal

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fiscal illusion

ilusin fiscal

fiscal impulse

impulso fiscal

fiscal stimulus

estmulo fiscal

fiscal institution

institucin presupuestaria

budgetary institution

institucin fiscal

budget institution

fiscal integration

integracin fiscal

Fiscal Library

Biblioteca de Finanzas Pblicas

[FAD/AI/FL]

Fiscal Monitor

Monitor Fiscal

FM

fiscal monopoly

monopolio fiscal

revenue-producing monopoly
[EC]

fiscal opacity

opacidad fiscal

Fiscal Operations Division 1, 2, 3

Divisin de Operaciones Fiscales 1, 2, 3

[FAD/F1, F2, F3]

FOD1, FOD2, FOD3

fiscal panel

grupo de expertos consultores en finanzas pblicas

[IMF-FAD]

fiscal planning

planificacin fiscal

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fiscal policy

poltica fiscal

Fiscal Policy and Surveillance Division

Divisin de Poltica y Supervisin Fiscales

[FAD/FP]

fiscal position

situacin fiscal
situacin de las finanzas pblicas

fiscal responsibility

responsabilidad fiscal

fiscal accountability

fiscal revenue

ingreso fiscal

fiscal rule

regla fiscal
regla presupuestaria

fiscal skeleton

esqueleto fiscal

skeleton

fiscal space

espacio fiscal
margen de maniobra fiscal

fiscal stabilization

estabilizacin fiscal
estabilizacin mediante la poltica fiscal

fiscal stance

orientacin fiscal
orientacin de la poltica fiscal

fiscal stimulus package

paquete de estmulo fiscal

fiscal strategy

estrategia fiscal

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fiscal support

respaldo fiscal
apoyo fiscal
estmulo fiscal

fiscal surplus

supervit fiscal
supervit presupuestario

fiscal sustainability

sostenibilidad fiscal
viabilidad fiscal
viabilidad de las finanzas pblicas
sustentabilidad fiscal

fiscal tariff

arancel fiscal

[customs]
revenue tariff

fiscal transparency

transparencia fiscal

Fiscal Transparency Evaluation

evaluacin de la transparencia fiscal

FTE

Fiscal Transparency Unit

Unidad de Transparencia Fiscal

[FAD/AI/FT]
FTU

fiscal union

unin fiscal

fiscal withdrawal

retiro del estmulo fiscal

retraccin del estmulo fiscal

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fiscal year

ejercicio

financial year

ao fiscal

FY

fit a trend

determinar una tendencia

[econometrics]

fit and proper

[bank resolution]

fit

solvente y honesto
competencia y probidad

ajuste
[statistics]

five systemic economies

grupo de cinco economas de importancia sistmica

S5
Systemic 5

fixed capital consumption

consumo de capital fijo

consumption of fixed capital

CCF

CFC

fixed capital formation

[SNA93]

formacin de capital fijo

[SCN93]

fixed cost

costo fijo

fixed exchange rate parity

paridad fija

fixed par value

paridad cambiaria fija

fixed parity
fixed rate parity

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fixed exchange rate regime

rgimen de tipo de cambio fijo

rgimen cambiario fijo

fixed expenditure

gasto fijo

fixed price

precio fijo, rgido

Fixed-Income Subaccount

Subcuenta de Renta Fija

fixed-weight price index

ndice de precios con ponderacin fija

fixing

cotizacin base
cambio base
[divisas]
+fixing+
fijacin del precio del oro
cotizacin
cotizacin fijada

flag of convenience

bandera de conveniencia

FOC

bandera de favor
pabelln de conveniencia

flag of registration
[BPM5]

bandera de registro
[MBP5]
pabelln de matrcula

flash estimate

cifra preliminar
estimacin preliminar

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flat rate

tasa nica
tasa fija
tarifa nica

flat-loading
[IMF]

distribucin uniforme (de medidas, gastos, etc.) durante el perodo

distribucin uniforme (de medidas, gastos, etc.) durante el programa

Flexible Credit Line

Lnea de Crdito Flexible

FCL

LCF

flexible exchange rate

tipo de cambio flexible

flexible rate of exchange

flexible value date

fecha de valor flexible

[IMF]

flexicurity

flexiguridad
flexiseguridad

flight into quality

huida hacia la calidad

flight to safety

bsqueda de calidad

flight to quality

refugio en activos sin riesgo

fuga hacia activos de calidad
desplazamiento hacia inversiones de alta calidad

float
[banking]

cheques no canjeados
cheques pendientes de cobro
efectos en cobro
efectos en cobranza
"flotante"

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floating completion point

punto de culminacin flotante

[HIPC Initiative]

floating currency

moneda flotante
moneda de tipo de cambio flotante

floating debt
[GFS 1986; SNA93]

floating decimal point

deuda flotante
[SCN93]

coma flotante

floating point

floating exchange rate

tipo de cambio flotante

floating rate

tipo flotante

floating facility

servicio financiero flotante

[IMF]

floating rate bond

bono con inters variable

bono de tasa flotante

floating rate loan

prstamo a inters variable

prstamo a tasa de inters variable
prstamo a tasa de inters ajustable
prstamo a tasa de inters flotante

floating rate note

obligacin con inters variable

pagar de inters variable
pagar con inters variable

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floor option

opcin sobre un contrato de garanta de tasa minima

floor

contrato de garanta de tasa mnima

+floor+

flotation

emisin
lanzamiento

flow

flujo
corriente

flow data

datos de flujos

transactions data

datos sobre flujos

flow of funds table

cuadro de flujo de fondos

[SNA93]

flow of funds
[SNA93]

flujo de fondos
[SCN93]
corrientes financieras

flow rescheduling
[Debt Guide, 1993; External Debt Statistics: Guide for

reprogramacin de los flujos

[Gua de la deuda, 1993]

Compilers and Users, 1993; HIPC Initiative]

flow variable

variable de flujo

fluctuation band

banda de fluctuacin

[exchange rates]

margen de fluctuacin

fluctuation margin

banda cambiaria

band

corredor cambiario

exchange rate corridor

corredor

currency band

[EU]

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follow-up mission

misin de seguimiento

[IMF]

misin complementaria

Food and Agriculture Organization of the United Nations

Organizacin de las Naciones Unidas para la Alimentacin y la

FAO

Agricultura
FAO

food crop

cultivo alimentario
cultivo comestible

food security

seguridad alimentaria

For Immediate Release

Para su publicacin inmediata

for restricted use only (not for use by third parties)

para uso exclusivo de las partes interesadas

[IMF information security]

forbearance

perodo de gracia

loan forbearance

force majeure

fuerza mayor

forced saving

ahorro forzoso

foreclosure

ejecucin hipotecaria

foreign bond

bono extranjero

foreign borrowing

prstamo del exterior

emprstito externo

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foreign capital

capital extranjero

foreign currency liquidity

liquidez en moneda extranjera

[GFSM]

[MEFP]

currency liquidity

liquidez en divisas

foreign direct investment

inversin extranjera directa

FDI
direct foreign investment

[SCN93]
IED

DFI

foreign exchange assets

[BPM5]

foreign exchange auction

activos en divisas
[MBP5]

subasta de divisas
subasta de moneda extranjera

foreign exchange cost

costo en divisas

exchange cost

foreign exchange dealer

cambista

foreign exchange trading officer

agente de cambios

trading officer
foreign exchange trader

foreign exchange equalization fund

fondo de estabilizacin cambiaria

exchange stabilization fund

fondo de estabilizacin monetaria

[GMBS]
currency stabilization fund
CSF

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foreign exchange exposure

exposicin cambiaria

[FSIG]

[GISF]

currency exposure

exposicin a la fluctuacin de los tipos de cambio

foreign currency exposure

riesgo cambiario

foreign exchange market

mercado de divisas

exchange market

mercado de cambios
mercado cambiario

foreign exchange position

nivel de divisas
situacin cambiaria
posicin en moneda extranjera
posicin cambiaria

foreign exchange rationing

control gubernamental de divisas - para la importacin/exportacin

racionamiento de divisas

foreign exchange record

registro de operaciones cambiarias

exchange record

registro de cambios

foreign exchange regulations

reglamentaciones cambiarias

FER

regulaciones cambiarias

foreign exchange speculation

especulacin cambiaria
especulacin en divisas

foreign exchange surrender requirement

obligatoriedad de la cesin de divisas

surrender requirement

obligacin de entrega de divisas

foreign exchange taxes

impuestos sobre las operaciones cambiarias

exchange taxes

impuestos sobre las operaciones de cambio

[MEFP]

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foreign financial assets

activos financieros frente el exterior

[BPM5; GFSM]

activos financieros externos

[MEFP]

foreign general government

gobierno general extranjero

[BOP]

foreign investment

inversin extranjera

foreign issue

emisin en el extranjero

[securities]

foreign liabilities

emisin extranjera

pasivos externos
[IFS; MEFP]
pasivos exteriores
pasivos frente al exterior
pasivos sobre el exterior

foreign official sector

[BPM5]

foreign portfolio investment

sector oficial extranjero

[MBP5]

inversin extranjera de cartera

FPI

foreign sources of financing

fuentes externas de financiamiento

[BOP]

foreign tax credit

crdito tributario por impuestos pagados en el exterior

foreign trade multiplier

multiplicador del comercio exterior

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foreign trade

comercio

[SNA93]
trade
[SNA93]

[SCN93]
comercio exterior
comercio internacional

international trade

intercambios comerciales

cross-border trade

comercio transfronterizo

foreign-held balances

saldos en manos de no residentes

saldos en el exterior
saldos deudores en el exterior

foreign-owned corporation

empresa de propiedad extranjera

forensic accounting

contabilidad forense

forfaiting

forfaiting

[export credits]

forfetizacin
[Gua de la deuda, 1993]
descuento de pagars

forfeit

confiscacin

forfeiture

decomiso

confiscation

forgone revenue

ingreso sacrificado

forgone income

ingreso fiscal no percibido

forgone earnings

Formal Board Seminar

seminario formal del Directorio

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formal consultation

consulta ordinaria

[IMF]
regular consultation

formal ineligibility

inhabilitacin oficial

[IMF]

formal sector

sector formal

formal vote

votacin formal

[IMF, Executive Board]

formally convertible currency

moneda oficialmente convertible

[IMF]

formula-based grant

subvencin basada en frmulas

[public finance]
formula grant

forty plus eight recommendations

40 + 8 recomendaciones del GAFI

40 and 8 Recommendations

Cuarenta Recomendaciones y Ocho Recomendaciones Especiales

FATF 40+8

del GAFI

FATF 40+8 recommendations

Forty Recommendations
[FATF]
FATF 40

40 Recomendaciones del GAFI

40 Recomendaciones sobre el blanqueo de capitales
40 Recomendaciones para combatir el lavado de activos

forty FATF Recommendations

40 Recommendations to Combat Money-Laundering
FATF 40 Recommendations

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forward commitment capacity

capacidad de compromiso futura

[IMF, liquidity]

CCF

FCC

forward cover

cobertura a trmino

cover

cobertura a plazo
cobertura

forward discount

descuento a trmino
descuento a plazo
descuento

forward exchange transaction

operacin de cambio a trmino

operacin cambiaria a plazo

forward financial derivative contract

contrato de derivados financieros a trmino

forward contract

contrato a trmino

forward-type contract

contrato a plazo

forward

forward foreign exchange contract

contrato de cambio a plazo

contrato de cambio a trmino
contrato a futuro sobre divisas
contrato en divisas a plazos

forward guidance

mensajes del banco central sobre la orientacin de la poltica

monetaria

forward linkage

vinculacin hacia adelante

forward looking expectations

expectativas basadas en la evolucin prevista

expectativas basadas en las previsiones

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forward market

mercado a trmino

[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

Compilers and Users, 1993]

mercado a plazo

forward operation

operacin a trmino
operacin a plazo

forward premium

prima a trmino

premium

prima a plazo
prima a futuro
prima

forward rate agreement

FRA
future rate agreement
[BIS]

contrato a futuro sobre tasas de inters

[Gua de la deuda, 1993]
acuerdo a futuro sobre tasas de inters
[MEFP; SCN93]
AFTI
acuerdo de tasa de inters a trmino
[BPM5]
acuerdo a plazo sobre tasas de inters

forward shifting

traslacin hacia adelante

traslacin del impuesto hacia adelante

forwarding

expedicin

[BPM5]

[MBP5]

fossil fuel

combustible fsil

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Fourth Pillar Consultations with the Fund on Reform of IMF

Informe sobre las consultas entre la sociedad civil (el cuarto pilar) y

Governance

el Fondo Monetario Internacional sobre la reforma de la estructura

Fourth Pillar Consultations with civil society on IMF Governance

de gobierno del FMI

Reform
Fourth Pillar consultations

fragile state

Estado frgil

Framework Administered Account for Technical Assistance

Cuenta Administrada General para las Actividades de Asistencia

Activities

Tcnica

[IMF]

framework agreement

acuerdo marco

Framework for Strong, Sustainable and Balanced Growth

marco para un crecimiento slido, sostenible y equilibrado

[G-20]

franchise
[retailing]

franchising

concesin
franquicia

franquicia
franquicia comercial
concesin de franquicias

Frankfurt interbank offered rate

tipo interbancario de oferta de Francfort

FIBOR

FIBOR

free alongside ship

franco al costado del buque

f.a.s.

f.a.s.

free competition

libre competencia

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free economic zone

zona franca

free enterprise economy

economa de libre empresa

free entry (into a market)

libre ingreso al mercado

free float

libre flotacin

clean float

flotacin libre
flotacin limpia
flotacin pura

free floating

libre flotacin

free good

bien gratuito

[economics]

free market price

[BPM5]

free market pricing

precio de mercado libre

[MBP5]

libertad de precios
determinacin de precios en un mercado libre

free reserves

reservas libres
reservas disponibles

free rider

que se beneficia sin asumir carga alguna

free rider bank

banco abstencionista

[London Club]
free rider

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free trade area

zona de libre comercio

[MBP6]
zona franca
[MBP5]

free trade zone

zona franca

free zone
free port
free warehouse
foreign trade zone

free trade

libre comercio

open trade

libre cambio

liberal trade

comercio liberal

free vector

vector libre

freedom of capital movements

libre circulacin del capital

free movement of capital

freely usable currency

[IMF]

moneda de libre uso

[P45]
moneda de libre disponibilidad

freight and insurance on merchandise

fletes y seguros de mercancas

[BOP]

French international financial futures market

[FRA]

mercado francs de futuros financieros

MATIF

MATIF

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frequency distribution

distribucin de frecuencias

[statistics]

frequency

frecuencia

[data]

frictional unemployment

desempleo friccional

transitional unemployment

tasa friccional de desempleo

search unemployment

friendly takeover

opa amistosa

fringe benefits

prestaciones suplementarias

employee benefits

prestaciones accesorias
beneficios y prestaciones no salariales
prestaciones sociales

front office

front office

Front Office

Direccin (de un departamento)

[IMF]

front-end fee

comisin inicial
comisin abonada al firmar
comisin pagadera a la firma

frontier economies

economas preemergentes

frontier market economies

economas en la frontera

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frontier technology

tecnologa de vanguardia

leading technology

tecnologa avanzada

leading edge technology

cutting edge technology

front-loaded interest reduction bond

[debt restructuring]

bono a tasa de inters reducida al comienzo del perodo con

capitalizacin

FLIRB

front-loaded spending

gastos concentrados al comienzo del perodo

front-loading

concentracin de desembolsos al comienzo del perodo del acuerdo

[IMF]
front-end loading

[P45]
concentracin (de medidas, gastos, etc.) al comienzo del perodo
concentracin al comienzo del programa

fuel exporters

exportadores de combustibles

fulfill an obligation

cumplir una obligacin

[IMF]

full asset settlement

liquidacin total en activos

liquidacin integral en activos

full capacity level

nivel de plena capacidad

full cost pass-through

traslado ntegro de los costos

full currency convertibility

plena convertibilidad de las monedas

full dollarization

dolarizacin plena

official dollarization

dolarizacin oficial

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full employment

pleno empleo

full employment balance

equilibrio de pleno empleo

full employment budget surplus

supervit presupuestario de pleno empleo

full employment multiplier

multiplicador de pleno empleo

full information maximum likelihood procedure

mtodo de mxima verosimilitud con informacin completa

[econometrics]
FIML procedure

full-fledged Poverty Reduction Strategy Paper

DELP definitivo

full-fledged PRSP

Documento Definitivo de Estrategia de Lucha contra la Pobreza

full PRSP

full-recourse loan

prstamo con plena reclamacin

fully funded pension plan

sistema de capitalizacin

[corporations]

rgimen de capitalizacin

funded pension plan

rgimen de plena capitalizacin

fully funded system

plan de pensiones plenamente capitalizado

funded system
fully funded plan
[corporations]

fully invested

totalmente invertido
completamente invertido

functional and special services departments

departamentos funcionales y de servicios especiales

[IMF]

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functional classification of expense

clasificacin funcional del gasto

functional classification of expenditure

[MEFP]

functional relationship

relacin funcional

Fund liquidity

liquidez del FMI

fund of funds

fondo de fondos

FOF

fondo que invierte en otros fondos

Fund Office in the United Nations

Oficina del FMI en las Naciones Unidas

[IMF]
UN

Fund quota
IMF quota
membership quota

cuota
[P45]
cuota en el FMI

quota in the Fund

[IFS; SNA93]
quota

Fund staff
[IMF]
staff

personal tcnico del FMI

cuerpo tcnico del FMI
funcionarios del FMI
personal del FMI

fundamental disequilibrium

desequilibrio fundamental

fundamental equilibrium exchange rate

tipo de cambio de equilibrio fundamental

FEER

fundamental exchange rate misalignment

desalineacin fundamental del tipo de cambio

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fundamentally misaligned

fundamentalmente desalineado

Fund-Bank mission

misin conjunta del FMI y el Banco Mundial

funded debt

deuda consolidada

long-term liability

deuda perpetua

non-current liability

deuda financiada

long-term debt

Funding for Lending Scheme

programa FLS de fondos para prstamos

FLS

funding gap

dficit de financiamiento
brecha de financiamiento

funding market

mercado de financiamiento

funding mismatch

descalce de financiamiento
asimetra del financiamiento

funding of deferred charges

[IMF]

funding
[finance]

financiamiento de cargos diferidos

financiamiento para cubrir cargos diferidos

financiamiento
provisin de fondos
provisin de recursos financieros
fondeo

fundraising

campaa para movilizar recursos adicionales

Fund-related accounts

cuentas relacionadas con el FMI

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Fund-related assets

activos relacionados con el FMI

Fund-supported program

programa respaldado por el FMI

fungibility

fungibilidad

futures contract

contrato de futuros

future

futuro
contrato a trmino
contrato a plazo
operacin a trmino
operacin a plazo
contrato a futuro
futuros
[GISF]

futures option

opcin sobre futuros

G20 Business Summit

Cumbre B20

Business Summit

G20 Indicative Guidelines for Assessing Persistently Large

Directrices indicativas del G20 para la evaluacin de los grandes

Imbalances

desequilibrios persistentes

Indicative Guidelines

G-20 Mutual Assessment Process

Proceso de Evaluacin Mutua del G-20

G-20 MAP

PEM del G-20

MAP

G-20/IMFC Data Gaps Initiative

Iniciativa del G-20/CMFI sobre deficiencias de los datos

Data Gaps Initiative

DGI

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g7+ group of countries experiencing conflict and fragility

g7+

Group of Seven Plus

g7+

G8 Debt Cancellation Proposal

propuesta del G-8 para la cancelacin de la deuda

G8 Debt Proposal
G8 debt initiative

game theory

teora de los juegos

gamma distribution

distribucin gamma

gap financing

financiamiento puente

bridge financing

financiamiento de empalme

bridge loan

prstamo puente

bridging credit

prstamo de empalme

swing loan

prstamo transitorio

swing line

descubierto recproco
margen de crdito recproco

Gatekeeper Initiative
[AML/CFT]

Iniciativa "Gatekeeper"
iniciativa de garantes del sistema financiero
Iniciativa "Gatekeeper"

Gauss-Markov theorem

teorema de Gauss-Markov

GDP blend

PIB mixto

GDP blend booster

complemento por PIB mixto

GDP growth

crecimiento del PIB

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GDP-only formula

frmula que solo incluye el PIB

gender awareness

sensibilidad a las diferencias (de trato) por razn de gnero, de sexo

gender equality

igualdad de gnero

General Accounting Office

Oficina General de Contabilidad

[USA]
GAO

General Administrative Order

Orden Administrativa General

[IMF]
GAO

General Agreement on Tariffs and Trade

Acuerdo General sobre Aranceles Aduaneros y Comercio

GATT

GATT

General Agreement on Trade in Services

Acuerdo General sobre el Comercio de Servicios

[WTO]
GATS

General Arrangements to Borrow

[IMF]

Acuerdos Generales para la Obtencin de Prstamos

AGP

GAB

General Counsel

Consejero Jurdico

[IMF-LEG]

General Counsel, Assistant

Consejero Jurdico Adjunto

[IMF-LEG]

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General Counsel, Deputy

Subconsejero Jurdico

[IMF-LEG]

General Data Dissemination Standard

[IMF]
GDDS

Normas Generales para la Divulgacin de Datos

NGDD
normas generales

general standard

General Data Dissemination System Unit

Unidad del Sistema General de Divulgacin de Datos

[STA/AI/GD]
GDDS Unit

General Data Dissemination System

[IMF-EBB]

Sistema General de Divulgacin de Datos

SGDD

GDDS

General Department

Departamento General

[IMF]

general equilibrium

equilibrio general

general exchange arrangements

regmenes generales de cambios

[IMF]

general government sector

general government

gobierno general
[MBP5; MBP6; MEFP; SCN93]
sector gobierno general
[MEFP]

general increase in quotas

aumento general de las cuotas

equiproportional increase in quotas

aumento equiproporcional de las cuotas

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general obligation bond

bono rescatable con recursos generales

GO bond

general public

pblico general

general public services

servicios pblicos generales

[GFSM; GFSY]

servicios generales de la administracin pblica

[MEFP]

general reserve

Reserva General

[AA]

General Resources Account

[IMF]

Cuenta de Recursos Generales

CRG

GRA

General Resources and SDR Policy Division

Divisin de Poltica sobre Recursos Generales y DEG

[FIN/GR]

general resources

recursos generales

[IMF]

General Review of Quotas

[IMF]

revisin general de cuotas

revisin quinquenal de cuotas

five-year review of quotas

quinquennial review of quotas
[IMF]

general sales tax

impuesto general sobre las ventas

GST

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general SDR allocation

asignacin general de DEG

general allocation of SDRs

General Services Division

Divisin de Servicios Generales

[TGS/DG]

generalized floating

flotacin generalizada

generalized inverse

inversa generalizada

[mathematics]

generalized method of moments

mtodo generalizado de momentos

GMM

MGM

Generalized System of Preferences

Sistema Generalizado de Preferencias

[WTO]

SGP

GSP

generally accepted accounting principles

principios de contabilidad generalmente aceptados

GAAP

generally accepted auditing standards

normas de auditora generalmente aceptadas

GAAS

Generally Accepted Principles and Practices for Sovereign

principios y prcticas generalmente aceptados para los fondos

Wealth Funds

soberanos de inversin

GAPP

principios de Santiago

Santiago principles

generation of savings

formacin del ahorro

generational accounting

contabilidad generacional

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generic data quality assessment framework

marco general para el anlisis de la calidad de los datos

[IMF-GDDS]
generic assessment framework
generic framework

Geneva Office

Oficina del FMI en Ginebra

[IMF-EUR]
EUO/GE

Gensaki market

mercado (de transacciones) gensaki

[Japan]

geographic territory

territorio geogrfico

[BOP]

geometric probability

probabilidad geomtrica

geometric progression

progresin geomtrica

Germany, United Kingdom, Netherlands

Alemania, Pases Bajos, Reino Unido

GUN

grupo GUN

gestation period

perodo de gestacin

GFSM 2001

MEFP 2001

GFSM 2001

+Manual de estadsticas de finanzas pblicas 2001+

GFSM

MEFP

gift tax

impuesto sobre donaciones y legados

impuesto sobre la transmisin gratuita de bienes

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Gini coefficient

coeficiente de Gini

Gini inequality index

ndice de desigualdad de Gini

coefficient of concentration

ndice de concentracin de Gini

Gini index

coeficiente de concentracin
ndice de Gini

Giro system postal

sistema de giros postales

[GMBS]
Giro system
post giro

gliding parity

paridad mvil

sliding parity

paridad ajustable

Global Advisory Committee

Comit Consultivo Mundial

GAC

Global Alliance for Vaccines and Immunization

Alianza Global para Vacunas e Inmunizacin

GAVI

GAVI

global balance of payments

balanza de pagos mundial

global bond

bono global

global commons

patrimonio comn de la humanidad

patrimonio universal

global consolidation

consolidacin mundial

[MPI]

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Global Corporate Governance Forum

Foro Mundial sobre Gobierno Corporativo

[OECD; WB]
GCGF

global credit spreads

diferenciales de crdito a nivel mundial

diferenciales de tasas de inters mundiales

global current account balance

balanza mundial en cuenta corriente

global depository receipt

certificado internacional de depsito de acciones

GDR

GDR

global economic and financial outlook

perspectivas econmicas y financieras mundiales

Global Economy Model

Modelo Econmico Mundial

[IMF]
GEM

Global Environment Facility Trust Fund

Fondo Fiduciario para el Medio Ambiente Mundial

[IBRD-UNEP-UNDP]

Global Environment Facility

[IBRD-UNEP-UNDP]

Fondo para el Medio Ambiente Mundial

FMAM

GEF

GEF

Global Environment Trust Fund

Fondo Fiduciario para el Medio Ambiente Mundial

[World Bank]
GET

global financial architecture

arquitectura financiera mundial

global financial safety net

red mundial de seguridad financiera

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global financial stability

estabilidad financiera mundial

Global Financial Stability Analysis Division

Divisin de Anlisis de la Estabilidad Financiera Mundial

[MCM/GS]

Global Financial Stability Division

Divisin de Estabilidad Financiera Mundial

[MCM/GS]

Global Financial Stability Report

[IMF-MCM]

Informe sobre la estabilidad financiera mundial

[+titulo no oficial+]

GFSR

Global Forum on Transparency and Exchange of Information

Foro Global sobre Transparencia e Intercambio de Informacin a

for Tax Purposes

efectos fiscales

[OECD]
Global Forum on Tax Transparency and Exchange of
Information

global governance

gobernanza mundial

global growth

crecimiento mundial

Global HIV/AIDS Unit

Unidad sobre el VIH/SIDA en el mundo

[IBRD]

Global House Price Index

ndice de precios mundiales de la vivienda

global imbalance

desequilibrios mundiales

Global Infrastructure Facility

Mecanismo Mundial de Financiamiento de la Infraestructura

[World Bank]
GIF

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Global Initiative on Fiscal Transparency

Iniciativa Mundial para la Transparencia Fiscal

GIFT

GIFT

Global Markets Monitoring and Analysis Division

Divisin de Monitoreo y Anlisis de los Mercados Mundiales

[MCM/GA]

Global Monitoring Report

[IMF/World Bank]

"Global Monitoring Report"

Informe anual de seguimiento mundial

GMR

global need to supplement reserve assets

necesidad global de complementar los activos de reserva

[IMF]

Global Partnership for Social Accountability

Alianza Global para la Auditora Social

GPSA

GPSA

Global Partnership on Results-Based Aid

Asociacin mundial sobre la ayuda basada en los resultados

[IBRD]

Global Partnerships Division

Divisin de Alianzas Mundiales

[IMF-Institute for Capacity Development]

GPD

global payments imbalance approach

enfoque de los "desequilibrios mundiales de pagos"

Global Policy Agenda

Agenda Mundial de Polticas

GPA

AMP

Global Projection Model

Modelo de Proyeccin Mundial

GPM

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global public good

bien pblico mundial

GPG

global rebalancing

reequilibrio mundial

Global Stabilization Mechanism

Mecanismo de Estabilizacin Mundial

GSM

MEM

global statement

estado global

[BPM5]

global stewardship

[MBP5]

custodia del medio ambiente mundial

[environment]

global systemically important banks

bancos de importancia sistmica mundial

G-SIB

global systemically important financial institutions

instituciones financieras de importancia sistmica mundial

G-SIFIs

global tax

impuesto mundial.

global value chain

cadena de valor mundial

cadenas internacionales de valor

global

mundial

world

universal

[SNA93]
universal

globalization

globalizacin
mundializacin

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globally integrated financial markets

mercados financieros integrados a nivel internacional

GMBS

Gua de las estadsticas de moneda y banca de +Estadsticas

A Guide to Money and Banking Statistics in International

financieras internacionales+

Financial Statistics

+GEMB+

[IMF]

GNP deflator

deflactor del PNB

GNP gap

brecha del PNB

going concern

empresa en marcha
empresa en funcionamiento

going price
[BPM5]

precio corriente
[MBP5]

gold auction

subasta de oro

gold bullion

oro no amonedado
oro en lingotes
[BPM6]

gold clause

clusula oro

gold coin

oro amonedado

gold collateral transaction

transaccin con garanta oro

gold deposit account

cuenta de depsito de oro

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gold exchange standard

patrn de cambio oro

gold standard

patrn oro

gold parity

paridad oro

gold pledge

garanta de oro

[IMF-ESAF]

gold pool

pool del oro

Gold Pool

gold subscription

suscripcin en oro

[IMF]

gold substitution account

cuenta de sustitucin del oro

[AA]

gold swap

swap de oro

gold tranche drawing

giro en el tramo de oro

[AA]

gold tranche position

posicin en el tramo de oro

[AA]

gold tranche purchase

compra en el tramo de oro

[AA]

gold valuation

valoracin del oro

[GMBS]

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gold-backed

con garanta oro

con respaldo en oro
con respaldo oro

golden rule of accumulation

regla de oro de acumulacin de capital

golden rule of capital accumulation

golden rule of growth

Goldilocks fiscal consolidation

consolidacin fiscal adecuada para cada circunstancia

consolidacin fiscal adaptada a la situacin de cada pas
consolidacin ideal para cada circunstancia

good governance

buen gobierno

goodness of fit

precisin del ajuste

[statistics]

goodness-of-fit test

bondad del ajuste

verificacin de la precisin del ajuste

prueba de la bondad del ajuste

goods and nonfactor services

bienes y servicios no factoriales

GNFS

goods and services

[BPM5; BPM6; SNA93]

goods market

bienes y servicios
[MBP6; SCN93]

mercado de productos

product market

goods on consignment
[BPM5]

mercancas en consignacin
[MBP5]
bienes en consignacin

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goods, services, and income

bienes, servicios y renta

[BPM5]

goodwill

fondo de comercio
[ESP]
buen nombre
derecho de llave
[Am. Lat.]
valor llave
[ARG]
plusvala adquirida
plusvala mercantil
renombre comercial

goodwill clause

clusula de buena voluntad

[Gua de la deuda, 1993]

governance of the Fund

gobierno del FMI

IMF governance

rgimen de gobierno del FMI

[IMF]

estructura de gobierno del FMI

governance reform

reforma de la estructura de gobierno

governance

gestin de gobierno

[GEF]

gobierno
administracin
gobernabilidad
gobernanza

Governing Council

Consejo de Gobierno

[ECB]

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government agency

organismo pblico

government department

organismo estatal
organismo gubernamental
dependencia del Estado
entidad pblica

government bond

bono pblico
bono del Estado
bono del gobierno

government bond yield

rendimiento de los bonos del estado

[IFS]

government borrowing

emprstito pblico
emprstito del Estado
deuda pblica

government debt

deuda pblica

government enclaves

enclaves del gobierno

[BPM5]

government expenditure

gasto pblico

Government Finance Division

Divisin de Finanzas Pblicas

[STA/GO]

Government Finance Statistics Manual 2001

+Manual de estadsticas de finanzas pblicas 2001+

GFSM 2001

MEFP

GFSM

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government finance statistics

estadsticas de finanzas pblicas

[GFS 1986; GFSM]

GFS

Government Finance Statistics, A Manual on

[IMF]

+Manual de estadsticas de las finanzas pblicas+ [1986]

+Manual de EFP+

GFS Manual

government finance
[IFS]

Government National Mortgage Association

finanzas pblicas
hacienda pblica

Government National Mortgage Association

Ginnie Mae

government obligation

obligacin oficial

government commitment

obligacin estatal

government receipts

ingresos fiscales

government revenue

ingresos pblicos
rentas pblicas

government sector
government

gobierno
[SCN93]
sector gobierno

government security

valor pblico

government paper

valor gubernamental
valor emitido por el Estado

government spending ratio

coeficiente de gasto pblico

public spending ratio

razn gasto pblico/PIB

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governmental industrial transaction

transaccin industrial del gobierno

[GFS 1986]

government-guaranteed debt

deuda con garanta pblica

deuda garantizada por el Estado

government-sponsored enterprise
[USA]

empresa patrocinada por el Estado

empresa con patrocinio gubernamental

GSE

empresa semipblica

government-sponsored entity

entidad hipotecaria semipblica

empresa semiestatal

Governor of the Fund for [country]

Gobernador del FMI por [pas]

[IMF]

Governor

Gobernador

[IMF; WB]

Governor, Alternate

Gobernador Suplente

[IMF; WB]

Governor, Temporary Alternate

Gobernador Suplente Interino

[IMF]

grace period
[FSIG]

perodo de gracia
[GISF]

grade drift

aceleracin de la escala de grados

grade creep

reclasificacin ascendente de los puestos de trabajo

gradualism

gradualismo
enfoque gradualista

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graduate

pasar de las condiciones de asistencia de la AIF a las del Banco

[IDA]

dejar de reunir las condiciones para recibir financiamiento del Banco

"graduarse"

graduated tax

impuesto escalonado

graduation

"graduacin"

[World Bank]

maduracin

maturation
[USA Treasury]

grandfathering

proteccin de los derechos adquiridos

grant

donacin
subvencin
subsidio
transferencia

grant element of a loan

grant element

nivel de concesionalidad
[Gua de la deuda, 1993]

[Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]
gift element

gravity model

modelo gravitacional

gray area measure

medida de zona gris

[trade]
grey area measure

GRAY Document

documento GRAY

[IMF document series; GRAY/...]

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gray market

mercado gris

Great Depression

Gran Depresin

Great Moderation

Gran Moderacin

Great Recession

Gran Recesin

Greater Arab Free Trade Area

Gran Zona rabe de Libre Comercio

GAFTA

GAFTA

green conditionality

condicionalidad verde
condicionalidad de carcter ecolgico

green shoots

brotes verdes

greenfield investment

+greenfields+

green field investment

greening

incorporacin de elementos ecolgicos

Greenspan conundrum

enigma de Greenspan

grexit

salida de Grecia de la zona del euro

Grievance Committee

Comit de Apelacin Interna

[IMF]

gross accumulation
accumulation

acumulacin bruta
[SCN93]

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gross asset position in derivatives

posicin activa bruta en derivados financieros

[MPI]

gross capital formation

[GFSY; SNA93]

formacin bruta de capital

[SCN93]

gross domestic expenditure

gasto interno bruto

gross domestic product

producto interno bruto

GDP

[SCN93]
PIB
producto geogrfico bruto
[Chile]
PGB

gross fixed capital formation

[GFSY; IFS; SNA93]
GFCF

formacin bruta de capital fijo

[SCN93]
FBCF
formacin bruta de capital fijo

gross Fund position (of a member)

posicin bruta (de un pas miembro) en el FMI

[IMF]

gross liability position in derivatives

posicin pasiva bruta en derivados financieros

gross national disposable income

ingreso nacional disponible bruto

[BPM5]
GNDY

[MBP5]
INDB

GNDI

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gross national expenditure

gasto nacional bruto

[IFS]

GNB

GNE

gross national income

ingreso nacional bruto

GNI

renta nacional bruta

GNY

ingreso nacional, bruto

gross national product

producto nacional bruto

GNP

PNB

gross operating balance

resultado operativo bruto

[GFSM]
gross operating profit or loss

[MEFP]
resultado bruto de explotacin
prdidas o beneficios brutos de explotacin

gross output

producto bruto
produccin bruta

gross recording
[BPM5; BPM6]

registro bruto
[MBP5; MBP6]
registro en cifras brutas
[MBP5; MBP6]

gross reserve position

[IMF]

gross social product

[centrally planned economies]

nivel de las reservas brutas

situacin de las reservas brutas

producto social bruto

PSB

GSP

gross up

calcular el valor bruto (a partir del valor neto)

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group lending

prstamos a grupos solidarios

prstamos colectivos
prstamos de grupo
prstamos a grupos

Group of 77

Grupo de los 77

G-77

G-77

Group of Five

Grupo de los Cinco

Group of 5

Grupo de los 5

G-5

G-5

Group of Seven

Grupo de los Siete

Group of 7

G-7

G-7

Group of Ten

Grupo de los Diez

Group of 10

G-10

G-10

Group of Twenty

Grupo de los Veinte

Group of 20

G-20

G-20
Group of Twenty Finance Ministers and Central Bank
Governors
G20 Developing Nations
G20+
G21
G22

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Group of Twenty-Four

Grupo de los Veinticuatro

[developing countries]

G-24

Group of 24
G-24

growth accounting framework

mtodo de anlisis del crecimiento

anlisis explicativo del crecimiento

growth dynamics

dinmica del crecimiento

growth path

trayectoria de crecimiento

growth spell

racha de crecimiento

Growth Tracker

diagrama de evolucin del crecimiento

IMF's Growth Tracker

diagrama de evolucin del crecimiento elaborado por el FMI

growth-oriented adjustment

ajuste orientado al crecimiento

guarantee

garanta
aval
fianza

guaranteed loan

prstamo garantizado

backed loan

prstamo avalado

Guidance Note for Surveillance under Article IV Consultations

nota de orientacin para la supervisin en el marco de las consultas

del Artculo IV

Guidance Note on Liberalization and Management of Capital

nota de orientacin sobre la liberalizacin y gestin de los flujos de

Flows

capitales

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Guidance Note on Public Debt Sustainability Analysis for

nota de orientacin sobre el anlisis de sostenibilidad de la deuda

Market Access Countries

pblica en los pases con acceso a los mercados

guidelines for borrowing by the Fund

directrices sobre emprstitos del FMI

[IMF]

guidelines for early repurchase

directrices sobre recompra anticipada

[IMF]

Guidelines for Fiscal Risk Disclosure and Management

Directrices para la divulgacin y gestin de riesgos fiscales

[IMF]

Guidelines for Public Expenditure Management

Directrices para la gestin del gasto pblico

guidelines for the management of floating exchange rates

directrices para la gestin de los tipos de cambio flotantes

[IMF]

Guidelines on Conditionality (2002)

directrices sobre condicionalidad

Guidelines on Corrective Action

directrices sobre medidas correctivas

[IMF]
GCA
Guidelines on Remedial Action

haircut
[securities settlement systems]

aforo
margen de seguridad

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handling charge

cargo por manipulacin

[BOP]
cargo por tramitacin
cargo de custodia
[oro]
gastos administrativos

harbor fee

derecho portuario

hard budget constraint

limitacin presupuestaria estricta

HBC

hard currency

moneda fuerte
moneda dura
divisas

hard landing

aterrizaje brusco

hard loan

prstamo en condiciones de mercado

prstamo en condiciones rigurosas

hard money
[coin]

hard peg

moneda metlica
metlico

paridad dura
tipo de cambio rgido

hard restructuring

reestructuracin forzosa

hardening (of currency)

alza
fortalecimiento

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hardship

dificultades extraordinarias

[IMF]

dificultades excepcionalmente gravosas

hardwiring

vinculacin forzosa

harmonic mean

media armnica

harmonic process

proceso armnico

harmonization

armonizacin

reconciliation

conciliacin

harmonized (tariff) system

sistema (arancelario) armonizado

Harmonized Commodity Description and Coding System

Sistema Armonizado de Designacin y Codificacin de Mercancas

[EC]
HS

harmonized consumer price index

ndice de precios al consumidor armonizado

HCPI

harmonized index of consumer prices

[EU]
HICP

ndice Armonizado de Precios al Consumo

IAPC
ndice de Precios al Consumo Armonizado
[Europa]
IPCA

harmonized regional monetary statistics

estadsticas monetarias regionales armonizadas

HRMS

Harmonized System of Customs Classification

Sistema Armonizado de Clasificacin Aduanera

[WTO]

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hawala/hundi alternative remittance system

sistema paralelo de transferencia de fondos hawala/hundi

hawala

head tax

impuesto de capitacin

community charge
[GBR]
poll tax

headline inflation

nivel general de inflacin

overall inflation

inflacin general

Headquarters Security Section

Seccin de Seguridad en la Sede

[TGS/SE/HS]

Headquarters Training Unit

Unidad de Capacitacin en la Sede

[INS/AV/TR/HE]

headquarters

sede del FMI

principal office of the Fund

HQ

headroom

margen de maniobra

headwinds

factores adversos
vientos en contra

health

salud
sanidad

Health Room

Enfermera

[IMF-IBRD]

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heavily indebted country

pas muy endeudado

Heavily Indebted Poor Countries Debt Initiative

Iniciativa para la Reduccin de la Deuda de los Pases Pobres muy

[IMF]

Endeudados

HIPC Initiative

Iniciativa para los PPME

HIPC Debt Initiative

Iniciativa PPME

[IMF]

Iniciativa HIPC

heavily indebted poor country

pas pobre muy endeudado

HIPC

PPME

highly indebted poor country

HIPC

hedge clause

clusula de salvaguardia

disclaimer

clusula de proteccin

hedge currency

moneda de cobertura

hedge ratio

coeficiente de cobertura

hedging

cobertura de riesgos

[forward market]

cobertura

hedge

proteccin cambiaria

hedonic price index

ndice de precios hednicos

hedonic index

held-to-maturity Investment

inversin a vencimiento

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herd behavior

comportamiento de rebao

herd effect

comportamiento gregario

bandwagon

comportamiento mimtico

bandwagon behavior

efecto de manada

bandwagon effect

efecto de arrastre

lemming-like behavior

comportamiento gregario
comportamiento mimtico

Herfindahl-Hirschman Index

Indice Herfindahl-Hirschman

HHI

IHH

Herfindahl index

ndice de Herfindahl

[FSIG]

heteroscedastic error

[GISF]

error heteroscedstico

[econometrics]

heteroscedasticity

heteroscedasticidad

[econometrics]
heteroskedasticity

hidden inflation

inflacin encubierta

disguised inflation

inflacin oculta
inflacin latente

hidden subsidy

subvencin encubierta

concealed subsidy

subsidio encubierto

hidden unemployment

desempleo encubierto

disguised unemployment

[Am. Lat.]
paro oculto
[ESP]
desempleo latente

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high access contingent financing

financiamiento contingente de alto nivel de acceso

High Access Precautionary SBA

Acuerdos +Stand-By+ Precautorios de Alto Acceso

HAPA

ASPAA

precautionary SBA

acuerdo +stand-by+ precautorio

High Access Precautionary Arrangement

acuerdo precautorio de alto acceso

High Access Precautionary Stand-by Arrangement

high quality growth

crecimiento de alta calidad

high technology industry

industria de alta tecnologa

industria de tecnologa avanzada

high yield bond

bono de alto rendimiento

higher income brackets

grupos de ingreso ms elevado

higher-middle-income country

pas de ingreso mediano alto

HMIC
upper-middle-income countries
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]
UMICS

high-frequency trading

negociacin de alta frecuencia

high-inflation country

pas de alta inflacin

pas con alta tasa de inflacin

High-Level Forum on Aid Effectiveness

Foro de alto nivel sobre la eficacia de la ayuda

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High-Level Task Force on the Global Food Security Crisis

Grupo de accin de alto nivel sobre la crisis mundial de la seguridad

[UN]

alimentaria

highly geared company

empresa con un alto ndice de apalancamiento de capital

leveraged company

empresa con una elevada deuda en relacin con el capital

desembolsado

highly leveraged institution

institucin fuertemente apalancada

HLI

highly leveraged investor

inversionista con alto grado de apalancamiento

HLI

high-spread sovereigns

ttulos soberanos sujetos a altos diferenciales

HIPC Initiative decision point document

documento sobre el punto de decisin en el marco de la iniciativa

PPME

HIPC subaccount

subcuenta de los PPME

[IMF]

HIPC Trust Fund

[World Bank; Debt Guide 1993]

historical cost
original cost
historic cost

Fondo Fiduciario para los PPME

[Gua de la deuda, 1993]

costo histrico
[MBP6]
costo inicial
costo original

historical trend

tendencia histrica

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hoarding

acaparamiento de provisiones

[SNA93; goods]

retencin de existencias
acumulacin de reservas
acaparamiento
[SCN93]

holder of record

tenedor
titular

holder of SDRs

tenedor de DEG

holding company

sociedad de cartera

holding corporation
[SNA]

[SCN93]
holding
sociedad holding
empresa tenendora de acciones

holding gains and losses

ganancias o prdidas por tenencia

ganancias o prdidas por tenencia de activos
ganancias y prdidas por tenencia

holdings below allocations

tenencias de DEG inferiores a las asignaciones

[SDR]

holdings rate
[IMF]

tipo de cambio de las tenencias

[P45]
tipo de cambio de ajuste de las tenencias

hold-out creditor
[SDRM; bankruptcy]
holdout

acreedores que no aceptaron el canje de la deuda

acreedor disidente
acreedor renuente a participar

dissident creditor
holdout creditor

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home banking

servicios bancarios a domicilio

home bias

preferencia por valores nacionales

preferencia por lo nacional
sesgo nacional
sesgo a favor de activos nacionales

home country

pas de origen
[Gua de la deuda, 1993]

home country supervisor

supervisor de origen

home supervisor

home equity loan

prstamo con garanta hipotecaria

equity loan

prstamo respaldado por capital inmobiliario

home equity credit

lnea de crdito garantizada por el capital inmobiliario

equity credit line

home mortgage market

mercado hipotecario de la vivienda

home production

produccin domstica

household production

produccin casera
produccin en el hogar

homoscedasticity

homoscedasticidad

[econometrics]

Hong Kong Monetary Authority

Autoridad Monetaria de Hong Kong

HKMA

Hong Kong Sub-Office

oficina auxiliar en Hong Kong

[IMF]

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horizontal direct investment

Inversin directa horizontal

horizontal foreign direct investment

inversin extranjera directa horizontal

HFDI

horizontal fund

fondo horizontal

horizontal integration

integracin horizontal

Hospitality Section

Seccin de Hospitalidad

[TGS/DG/HS]

host country

pas receptor
[inversiones; Gua de la deuda, 1993]
pas sede
pas anfitrin

host country supervisor

supervisor anfitrin

host supervisor

hostile takeover

opa hostil
compra hostil

hot money
flight money

capital especulativo
[SCN93]

household saving

ahorro de los hogares

consumer saving

ahorro de los particulares

ahorro de los consumidores

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household sector

sector de unidades familiares

household
[BPM5; BPM6; GFSM; SNA93]

[MBP5]
sector de hogares
[SCN93]
particulares
hogares
[MEFP; SCN93]
unidades familiares
hogar
[MBP6; GMBS; SCN93]
unidad familiar

housing and community amenities

vivienda y servicios comunitarios

[MEFP]

housing correction

correccin del mercado de viviendas

correccin del mercado inmobiliario

housing cycle

ciclo del mercado de la vivienda

ciclo del mercado inmobiliario

HQ2 Team Unit

Unidad encargada de la Sede 2 del FMI

[TGS/DF/HQ]

human capital

capital humano

[SNA 1993]

Human Development Index

[UN]

ndice de desarrollo humano

IDH

HDI

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Human Development Network

Red sobre desarrollo humano

[IBRD]
HDN

Human Resources Center

Centro de Recursos Humanos

[HRD/SC/CT]
HR Center

Human Resources Department

Departamento de Recursos Humanos

[IMF]
HRD

Human Resources Information Systems Section

Seccin de Sistemas de Informacin de Recursos Humanos

[HRD/SC/IS]

Human Resources Services Division

Divisin de Servicios de Recursos Humanos

[HRD/SC]
HR Services

hundi

sistema hundi

hybrid instrument

instrumento hbrido

hybrid security

hydraulic fracturing technology

tecnologa de fracturacin hidrulica

fracking

fracking

hyperinflation

hiperinflacin

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hypothesis testing

verificacin de hiptesis

significance testing

contraste de hiptesis
[ESP]
contrastacin de hiptesis
[ESP]

hysteresis effect

efecto de histresis

hysteresis

histresis

IASB

Consejo Internacional de Normas Contables

International Accounting Standards Board

Consejo de Normas Internacionales de Contabilidad

[FSIG]

ICGS

[GISF]

+Clasificacin Internacional Uniforme de todos los Bienes y

Servicios+
+CIBS+

IDA buy-down mechanism

[IBRD]

IDA Replenishment(, First, Second, ...)

mecanismo en virtud del cual los crditos de la AIF se transforman

en donaciones

reposicin de los recursos de la AIF, primera, segunda, ...

IDA-1, IDA-2

IDA-only country

pas que solo puede recibir financiamiento de la AIF

[IBRD]

idiosyncratic shock

shock idiosincrsico

idle balances

saldos inactivos

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idle money

dinero inactivo

barren money

dinero ocioso
dinero improductivo

idle resources

recursos inactivos
recursos no utilizados
recursos ociosos

IDP

personas internamente desplazadas

internally displaced persons

PID

persons displaced within their own countries

IFS

+International Financial Statistics+

International Financial Statistics

Estadsticas financieras internacionales

[IMF]

[ttulo no oficial]

International Financial Statistics

illiquidity

iliquidez
falta de liquidez

illiquidity risk

riesgo de iliquidez

risk of illiquidity

riesgo de insuficiencia de liquidez

illustrative quota

cuota ilustrativa

[IMF]

imbalance
[BPM5; SNA93]

IMF Center

desequilibrio
[MBP5; SCN93]

Centro del FMI

[IMF-EXR]

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IMF Civic Program Advisory Committee

Comit Asesor del Programa Cvico del FMI

CPAC

IMF Civil Society Team

Equipo del FMI encargado de las relaciones con la sociedad civil

IMF Committee on Balance of Payments Statistics

Comit del FMI sobre Estadsticas de Balanza de Pagos

[IMF]
BOPCOM

Comit de BP
[MBP6]

IMF corporate governance

gobierno del FMI

corporate governance of the Fund

gestin institucional del FMI

gobierno corporativo del FMI
[+Perspectivas+]
estructura de gobierno del FMI
gestin de gobierno

IMF Diversity and Inclusion Statement

declaracin del FMI sobre diversidad e inclusin

IMF Electronic Bulletin Board

cartelera electrnica del FMI

[IMF]
IMF Bulletin Board
[IMF]
bulletin board

IMF exchange rate policy advice

asesoramiento del FMI sobre polticas cambiarias

IMF governance reform

reforma de la estructura de gobierno del FMI

IMF Institute

Instituto del FMI

[IMF]
INS
Institute

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IMF Media Briefing Center

Centro de Informacin de Prensa

[IMF]

Centro de Infomacin en Lnea para la Prensa

Online Media Briefing Center

IMF Memorandum

Memorndum del FMI

IMF Middle East Center for Economics and Finance

Centro de Estudios Econmicos y Financieros para el Oriente Medio

CEF

CEF

IMF No. 1 Account

Cuenta No. 1 del FMI

[IMF]

IMF No. 2 Account

Cuenta No. 2 del FMI

[IMF]

IMF Paper on Policy Analysis and Assessment

[IMF document series; PPAA/...]

documento del FMI sobre anlisis y evaluacin de polticas

econmicas

PPAA

IMF Research Bulletin

Boletn de investigaciones econmicas del FMI

IMF staff assessment

evaluacin por el FMI

evaluacin por el personal del FMI
informe de evaluacin por el FMI

IMF Survey

Boletn del FMI

IMF Survey online

Boletn Digital del FMI

IMF Terminology Working Group

Grupo de Trabajo de Terminologa del FMI

[IMF-TGS]
TWG

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IMF Visitors' Center

Centro de Informacin del FMI

IMF Working Paper

documento de la serie "IMF Working Papers"

[IMF document series; WP/...]

documento de trabajo del FMI

WP
Working Paper

IMF-AMF Regional Training Program

Programa Regional de Capacitacin del FMI y el FMA

[IMF-INS]
RTP

IMF-related operation

operacin relacionada con el FMI

IMF-Singapore Regional Training Institute

Instituto Regional de Capacitacin del FMI en Singapur

[IMF-INS]
STI

IMF-supported or other monetary program

[IMF monetary policy framework classification system, 2006]

programa monetario respaldado por el FMI u otro programa

monetario

IMF-World Bank Annual Meetings

Reuniones Anuales del FMI y el Banco Mundial

Immediate Office

Oficina del Director

[IMF]
.../AI

immunity from judicial process

inmunidad judicial

[IMF]

immunity from taxation

inmunidad tributaria

[IMF]

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immunity of archives

inviolabilidad de los archivos

[IMF]

immunity of assets
[IMF]

inmunidad de los activos

indisponibilidad de los activos

impaired asset

activo deteriorado

impaired

riesgoso

[bank supervision]

sujeto a riesgo
deteriorado

impairment

deterioro

nullification
[GATT]

imperfect substitute

sustituto imperfecto

differentiated product

implicit cost

costo implcito

imputed cost

costo virtual
precio de cuenta

implicit price deflator

deflactor implcito de los precios

GDP deflator

deflactor del PIB

[GFSY]

import absorption

absorcin de las importaciones

import bill

costo total de las importaciones

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import capacity of exports

poder de importacin de las exportaciones

import coverage

proporcin de las importaciones cubierta por las exportaciones

cover rate

tasa de cobertura (de importaciones con exportaciones)

import capacity

capacidad de importacin

importing power

import content (of domestic products)

contenido de importaciones (en los productos nacionales)

proporcin de insumos importados (en los productos nacionales)

import duty

derecho de importacin

import tariff

derecho de aduana

tariff

impuesto a las importaciones

entry duty

[GFS 1986]

entry tax

import penetration ratio

coeficiente de penetracin de las importaciones (en una economa)

IPR

CPI

import price

precio de importacin

import substitute

sustituto de las importaciones

import substitution

sustitucin de importaciones

import surcharge

recargo a la importacin

import surtax

import-consumption ratio

relacin importaciones/consumo

ICR

razn importacin/consumo

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imported inflation

inflacin importada
inflacin de origen externo

imported unemployment

desempleo importado
desempleo de origen externo

import-intensive

con gran intensidad de importaciones

con un fuerte componente de importaciones

impound appropriations

bloquear partidas presupuestarias

sequester appropriations

improved goodwill clause

clusula mejorada de buena voluntad

[Paris Club]

impulse response

impulso-respuesta

impulse response function

funcin impulso-respuesta

IRF

imputation

imputacin

[SNA 1993]

imputed income

renta imputada

[BOP]

imputed social contributions

contribuciones sociales imputadas

imputed transactions

transacciones imputadas

[BPM5; GFSM]

[MEFP]

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imputed value

valor implcito
valor imputado

IMS

sistema monetario internacional

international monetary system

In the Name of God, the Compassionate, the Merciful

En el nombre de Dios, el Clemente, el Misericordioso

Bism elahi-rahmani rahim

in-bond industry

industria en zona franca

maquiladora
industria maquiladora

incidental costs or charges

costos o gastos conexos

[MBP5]

incidental costs

gastos diversos

incidentals

gastos imprevistos

incidental sales by nonmarket establishments

ventas incidentales de establecimientos no de mercado

[GFSM 2001]

incidental unemployment

[MEFP]

desempleo coyuntural
desempleo circunstancial

inclusive economy

economa inclusiva

inclusive growth

crecimiento inclusivo

income account

cuenta de prdidas y ganancias

[accounting]
revenue and expense account

cuenta de resultados
cuenta de ingresos y gastos

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income and outlay account

cuenta de ingresos y desembolsos

[GFS 1986; SNA93]

cuenta de ingresos y gastos

[SCN93]

income bracket

categora de ingreso
tramo de renta

income effect

efecto ingreso
efecto renta

income elasticity

elasticidad con respecto al ingreso

elasticidad-ingreso
elasticidad-renta

income elasticity of demand

elasticidad-ingreso de la demanda

YED

elasticidad de la demanda con respecto al ingreso

income growth

crecimiento del ingreso

income multiplier

multiplicador del ingreso

income policy

poltica de ingresos

incomes policy

income poverty

pobreza por ingresos

pobreza monetaria

income target
[IMF]

meta de ingresos
ingreso fijado como meta

target income

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income tax

impuesto sobre la renta

impuesto a la renta
impuesto a las ganancias
[ARG]

income terms of trade

efectos de la relacin de intercambio sobre el ingreso (nacional)

income value

valor locativo
valor en renta

income velocity of money

velocidad-ingreso del dinero

velocidad-renta del dinero

income-spending lag

desfase ingreso-gasto

income-split tax system

sistema de divisin de la renta de la unidad familiar a efectos

split system

tributarios

income-tested assistance

asistencia condicionada al nivel de ingresos del beneficiario

incomings

entradas
ingresos

incorporated enterprise

empresa constituida en sociedad

increase in quotas

aumento de cuotas

[IMF]

increasing marginal return

aumento de las cuotas

rendimiento marginal creciente

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incremental approach

mtodo de aumento selectivo

[IMF quota calculations]

incremental capital-output ratio

relacin marginal capital/producto

ICOR

incremental devaluation

devaluacin gradual

gradual devaluation

incremental labor-output ratio

relacin marginal trabajo/producto

incurrence of liabilities

contraer obligaciones
asumir pasivos
acto de contraer obligaciones
acto de contraer pasivos
incurrimiento de pasivos
pasivos incurridos
emisin de pasivos

indebtedness

deuda
endeudamiento
[SCN93]
monto de la deuda

Independent Evaluation Group

[World Bank]

Grupo de Evaluacin Independiente

GEI

IEG

Independent Evaluation Office

[IMF]

Oficina de Evaluacin Independiente

OEI

IEO
EVO

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independent floating

flotacin independiente

[IMF exchange rate classification system, 2006]

rgimen de flotacin independiente

independent float arrangement

independent variable
[mathematics; statistics]

variable independiente
variable predictiva

predictor variable
predictor

index arbitrage

arbitraje de ndices

index fund

fondo ndice
fondo de inversin basado en un ndice

index number theory

teora de los nmeros ndices

[CPI]

indexation

indexacin

index-linking

indizacin
[ESP]
correccin monetaria
ajuste monetario

indexed bonds
[BPM5]

indexed currency option note

bonos indexados
[MBP5]

ttulo indexado de opciones sobre divisas

ICON
heaven and hell bond

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indexed

indexado

index-linked

indizado

index-tied

[ESP]
reajustable en funcin de un ndice
vinculado a un ndice

index-linked securities

valores indexados

index-linked instruments

instrumentos indexados

[Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]

indicative price

precio indicativo

indicative producer price

precio gua

reference price
guiding price

indifference curve

curva de indiferencia

indirect taxation

impuesto indirecto

indirect tax

individual retirement account

cuenta personal de ahorro jubilatorio

[USA]
IRA

industrial classification

clasificacin de las industrias

clasificacin de los ramos de actividad econmica

industrial country

pas industrial

Industrial Development Center for Arab States

Centro de Desarrollo Industrial para los Estados Arabes

IDCAS

IDCAS

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industrial estate

complejo industrial

[GBR]
industrial park

polgono industrial
parque industrial

[USA]

industrial gold

oro industrial

industrial pollution

contaminacin industrial

industry

industria
sector
actividad
ramo de actividad

ineligibility to use the Fund's resources, automatic

inhabilitacin automtica para usar los recursos del FMI

[IMF]

ineligibility

inhabilitacin

[AA, use of Fund resources]

inertial inflation

inflacin inercial

infant industry

industria incipiente
industria naciente

inflation

inflacin

inflation accounting

contabilidad de la inflacin
contabilidad ajustada en funcin de la inflacin
contabilidad ajustada por inflacin

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inflation differential

diferencial de inflacin

differential in inflation rates

diferencial de las tasas de inflacin

inflation expectations

expectativas inflacionarias

inflation gap

brecha de inflacin

inflationary gap

brecha inflacionaria
diferencial inflacionario

inflation rate

tasa de inflacin

inflation stickiness

rigidez de la inflacin
rigidez de la inflacin a la baja

inflation target

meta de inflacin

inflation targeting framework

rgimen de metas de inflacin

[IMF monetary policy framework classification system, 2006]

sistema de metas de inflacin

inflation targeting

marco basado en la adopcin de objetivos de inflacin

IT

estrategia de objetivos explcitos de inflacin

direct inflation targeting

esquema de objetivos directos de inflacin

inflation targeting strategy

fijacin de metas de inflacin

inflation targeting regime

inflation tax

impuesto inflacionario
inflacin como impuesto

inflation tax Laffer curve

curva de Laffer sobre impuesto inflacionario

ITLC

Inflation Tracker

diagrama de evolucin de la inflacin

IMF's Inflation Tracker

diagrama de evolucin de la inflacin elaborado por el FMI

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inflationary expectations

expectativas inflacionarias
expectativas inflacionistas

inflationary finance

financiamiento inflacionario
financiamiento por la va de la inflacin

inflationary spiral

espiral inflacionaria

wage-price spiral

espiral salarios-precios
espiral de precios y salarios

inflection point

punto de inflexin

[mathematics]

inflow of capital

entrada de capitales

capital inflow

afluencia de capitales

influenza virus

virus de la gripe

Informal Board Seminar

seminario informal del Directorio

informal market

mercado informal
mercado informal

informal meeting
[IMF Executive Board]

reunin informal
reunin oficiosa

informal savings

ahorro informal

informal sector

sector informal

informality

informalidad

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information and liaison

informacin y enlace

[IMF]

information cost

costo de la informacin

information disclosure

divulgacin de informacin

information economy

economa de la informacin

information highway

infova

information superhighway

autopista informtica

infobahn

autopista de la informacin

[Europe]

Information Management Section

Seccin de Gestin de la Informacin

[INS/AV/IF]

information notice system

sistema de notificaciones

[IMF, exchange arrangements]

INS
system of information notices

Information Officer

Oficial de Informacin

[IMF-EXR]

Information Officer, Senior

Oficial Principal de Informacin

[IMF-EXR]

information security

proteccin de la informacin

Information Security Section

Seccin de Seguridad de la Informacin

[TGS/SE/IS]

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Information Services Division

Divisin de Servicios de Informacin

[TGS/DI]

Information Technology Department

[IMF]

Departamento de Tecnologa de la Informacin

ITD

ITD

Information Technology Policy Committee

Comit de Polticas de Tecnologa de la Informacin

[IMF]

Information Technology Section

Seccin de Tecnologa de la Informacin

[TGS/DI/IT]

Information Technology Services

Servicios de Tecnologa de la Informacin

[TGS/I]
IT Services

information technology

tecnologa de la informacin

IT

informtica

Infrastructure Division

Divisin de Infraestructura

[TGS/IR]

infrastructure gap

dficit de infraestructura

ingot

lingote

[gold]

[lingote de oro]

inheritance tax

impuesto a la herencia

death tax

impuesto sobre sucesiones

impuesto sucesorio
impuesto de herencia

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initial cost

precio de compra
costo inicial

initial margin

margen inicial

margin

depsito inicial de garanta

garanta inicial
depsito de garanta

initial public offering

oferta pblica inicial

IPO

initiative clause

clusula de iniciativa

[Paris Club]

input
[SNA93]

insumo
[SCN93]

input-output table

matriz de insumo-producto

IOT

tabla de insumo-producto

input-output matrix

TIP

inreach efforts

actividades de divulgacin interna

in-service training

capacitacin interna
capacitacin en el servicio
perfeccionamiento laboral

inside money

dinero interno

insider

persona que tiene acceso a informacin privilegiada

especulador que aprovecha informacin interna

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insider dealing

operaciones basadas en informacin privilegiada

insider trading

transacciones basadas en informacin privilegiada

especulacin aprovechando informacin interna

insider loan

prstamo interno
prstamo a personas o entidades vinculadas con el prestamista
prstamo vinculado
autoprstamo

insolvency

insolvencia

insolvency practitioner

administrador del concurso

administrador de la quiebra

insolvency risk

riesgo de insolvencia

risk of insolvency

insolvency system

sistema de insolvencia

insolvency regime

rgimen de insolvencia

installed capacity

capacidad instalada

plant capacity

capacidad productiva
capacidad instalada de produccin

installment loan

prstamo reembolsable a plazos

installment credit

prstamo en cuotas
crdito de consumo
crdito al consumidor
crdito para compras a plazos

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installment payment

cuota

installment

pago parcial
plazo

Institute for Capacity Development

[IMF]

Instituto de Capacitacin
ICD

ICD

Institute of International Finance

Instituto de Finanzas Internacionales

IIF

IIF

institutional engineering

ingeniera institucional

Institutional Events Division

Divisin de Eventos Institucionales

[IMF-SEC]

institutional investor

inversionista institucional

Institutional Repository of Fund Documents

Archivo Institucional de los Documentos del FMI

[IMF]

institutional sector
[SNA93]

sector institucional
[Gua de la deuda, 1993]

Institutional Table

cuadro institucional

institutional unit

unidad institucional

institutional resident

institutional view

[MEFP]

enfoque institucional

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institutionalization

institucionalizacin

[financial sector]

Instrument to Establish the Post-Conflict Emergency Assistance

Instrumento de creacin de la Cuenta de Subvencin para

Subsidy Account for PRGF-eligible Members

Asistencia de Emergencia a Pases Miembros en Situacin de

Posconflicto que pueden acogerse al SCLP

instrumental variables

variables instrumentales

insurance claim

indemnizacin

claim
[BPM5; BPM6; GFSM; MFSM]

[MBP5]
indemnizacin de seguros
[MEFP]

Insurance Code of the Inter-African Conference on Insurance

Cdigo de Seguros de la Conferencia Interafricana de Mercados de

Markets

Seguros

[WAEMU]

Cdigo de la CIMA

CIMA Code

Insurance Core Principles

Principios Bsicos de Seguros

ICP

PBS

insurance technical reserves

reservas tcnicas de seguros

Insurance, Pensions and Family Services Section

Seccin de Seguros, Pensiones y Servicios para Cuestiones de

[HRD/SB/IF]

intangible assets
[BPM5; BPM6; GFS 1986; GFSM; SNA93]

Familia

activos intangibles
[MBP5; MBP6; MEFP; SCN93]
activos inmateriales

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Integrated Correspondence System

Sistema Integrado de Correspondencia

[IMF]

SIC

ICS

integrated economic accounts

cuentas econmicas integradas

Integrated Framework for Trade-Related Technical Assistance

Marco integrado para la asistencia tcnica relacionada con el

to Least Developed Countries

comercio en favor de los pases menos adelantados

Integrated Framework
IF

Integrated Framework Steering Committee

Comit Directivo del Marco Integrado

IFSC

CDMI

Integrated Framework Working Group

Grupo de Trabajo del Marco Integrado

IFWG

GTMI

integration

integracin

integrity

integridad

[DQAF]

intellectual property rights

derechos de propiedad intelectual

intensified collaboration

colaboracin intensificada

[IMF overdue financial obligations]

intensificacin de la colaboracin

intensified collaborative element

enfoque de colaboracin intensificada

intensified collaborative approach

enfoque de colaboracin reforzada

enhanced collaborative approach

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intensified cooperative approach

estrategia de cooperacin intensificada

[IMF]

enfoque de cooperacin reforzada

intensified cooperative strategy

estrategia de cooperacin reforzada

enhanced cooperative approach

estrategia de cooperacin reforzada frente a los atrasos en los

enhanced cooperative strategy

pagos

strengthened cooperative strategy

strengthened cooperative strategy on overdue financial
obligations
strengthened cooperative strategy on arrears
arrears strategy

intensified surveillance
[IMF]

supervisin reforzada
intensificacin de la supervisin

Inter-African Conference on Insurance Markets

Conferencia Interafricana de Mercados de Seguros

CIMA

CIMA

Inter-Agency Group on Economic and Financial Statistics

Grupo Interinstitucional sobre Estadsticas Econmicas y

Financieras

Inter-Agency Task Force on Environment Statistics

Equipo de Tareas interinstitucional de estadsticas ambientales

Inter-Agency Task Force on International Trade Statistics

Grupo de Tareas interinstitucional sobre estadsticas del comercio

[UN]

internacional

Interagency Task Force on Statistics of International Trade in

Equipo de tareas sobre estadsticas del comercio internacional de

Services

servicios

[UN]
IATFSITS

Inter-American Committee on the Alliance for Progress

[OAS]
CIAP

Comit Interamericano de la Alianza para el Progreso

[OEA]
CIAP

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Inter-American Development Bank

Banco Interamericano de Desarrollo

IDB

BID

IADB

Inter-American Investment Corporation

[IDB]

Corporacin Interamericana de Inversiones

CII

IIC

Inter-Arab Investment Guarantee Corporation

Compaa Interrabe de Garantas en materia de Inversiones

IAIGC
Arab Investment Guarantee Corporation

interbank market

mercado interbancario

interbank offered rate

tasa interbancaria de oferta

IBOR

IBOR

interbank rate

tasa de inters interbancaria

intercept

ordenada en el origen

[mathematics]

interconnectedness

interconexin

inter-dealer broker

mediador de mercados

IDB
dealer-to-dealer broker

Interdepartmental Low-Income Committee

Comit Interdepartamental sobre los Pases de Bajo Ingreso

Interdepartmental Task force on Food and Fuel Prices

Grupo de Trabajo Interdepartamental sobre los Precios de los

Alimentos y los Combustibles

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interenterprise arrears

atrasos en los pagos entre empresas

atrasos entre empresas

interest arbitrage

arbitraje de tasas de inters

interest differential

diferencial de tasas de inters

interest rate differential

diferencia entre las tasas de inters

interest due but not paid

inters devengado pero no pagado

[BPM5]

interest elasticity

[MBP5]

elasticidad con respecto a la tasa de inters

elasticidad-inters

interest mismatch

descalce de las tasas de inters

interest payable

intereses por pagar

interest payment

pago de intereses
pago por concepto de intereses

interest rate anchor

uso de la tasa de inters como ancla

interest rate cap

tasa de inters mxima

cap option

tope de la tasa de inters

cap

interest rate capping agreements

limitacin de las tasas de inters

interest rate guarantees

IRG

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interest rate channel of monetary policy

tasa de inters como canal de transmisin

interest rate channel

transmisin de la poltica monetaria a travs de la tasa de inters

interest rate contingency mechanism

mecanismo para contingencias relacionadas con las tasas de inters

interest rate equalization tax

impuesto de equiparacin de intereses

interest equalization tax

impuesto de igualacin de intereses

interest rate future

futuro sobre tasas de inters

contrato de tasas de inters a trmino
contrato de tasas de inters a plazo

interest rate parity

paridad de tasas de inters

interest parity

paridad de intereses

interest rate smoothing

suavizacin de las tasas de inters

escalonar las modificaciones de las tasas de inters

interest rate swap

swap de tasas de inters

canje de tasas de inters

interest recapture clause

clusula de recuperacin de los intereses

interest receivable

intereses por cobrar

[GMBS]

interest rescheduling

reprogramacin de los pagos de inters

interest retiming

modificacin del calendario de pago de intereses

interest sensitivity

sensibilidad a la tasa de inters

interest rate sensitivity

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interest spread

diferencial de tasas de inters

margen entre las tasas de inters

interest subsidy

subvencin de la tasa de inters

interest waiver

exencin de intereses

interest warrant

exigencia de pago de intereses vencidos

interest coupon

interest-bearing

con inters
que devenga inters
remunerado

interest-free loan

prstamo sin inters

prstamo que no devenga inters
prstamo no remunerado

interest-reduction bond

bono a tasa de inters reducida

par bond

intergenerational distribution

distribucin intergeneracional

intergenerational fairness

equidad intergeneracional

intergenerational equity

intergovernmental fiscal relations

relaciones fiscales intergubernamentales

intergovernmental grants or transfers

donaciones o transferencias intergubernamentales

[GFS 1986]
subvenciones o transferencias intergubernamentales

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Intergovernmental Group of Twenty-Four on International

Grupo Intergubernamental de los Veinticuatro para Asuntos

Monetary Affairs

Monetarios Internacionales

Group of Twenty-Four

Grupo de los Veinticuatro

G-24

G-24

Intergovernmental Group of Twenty-Four on International

Grupo Intergubernamental de los Veinticuatro para Asuntos

Monetary Affairs and Development

Monetarios Internacionales y Desarrollo

Group of Twenty-Four

Grupo de los Veinticuatro

G-24

G-24

intergovernmental transaction

transaccin intergubernamental

[GFS 1986]

transaccin intragubernamental

intragovernmental transaction
[GFS 1986]

intergovernmental transfer mechanism

mecanismo de transferencias intergubernamentales

interim assistance

asistencia transitoria

[IMF; PRGF]

asistencia durante el perodo intermedio

interim disbursement

desembolso provisional

interim ESAF

SRAE transitorio

interim Poverty Reduction Strategy Paper

DELP provisional

[PRGF]

Documento Provisional de Estrategia de Lucha contra la Pobreza

interim PRSP
I-PRSP

interim PRGF

SCLP transitorio

[IMF]

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interim simplified consultation

consulta intermedia simplificada

[IMF]

consulta intermedia

interim consultation

intermediary service fees

derechos pagados por servicios de intermediacin

[BOP]

intermediate consumption

consumo intermedio

intermediation

intermediacin

internal audit

auditora interna

internal auditor

auditor interno

internal balance

equilibrio interno

internal devaluation

devaluacin interna

internal governance

estructura de gobierno interno

gobierno interno

internal rate of return

tasa interna de rentabilidad

IRR

TIR
tasa interna de retorno
TIR

internal ratings based approach

mtodo basado en calificaciones internas

IRB

mtodo IRB

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Internal Training Section

Seccin de Capacitacin Interna

[INS/AI/IT]

International Accounting Standards Committee

IASC

Comisin de Normas Internacionales de Contabilidad

[+ttulo no oficial+]
IASC

International Accounting Standards

[FSIG]
IAS

Normas Internacionales de Contabilidad

NIC
Norma Internacional de Contabilidad
[GISF]

International Association of Conference Interpreters

Asociacin Internacional de Intrpretes de Conferencias

International Association of Deposit Insurers

Asociacin Internacional de Aseguradoras de Depsitos

IADI

International Association of Insurance Supervisors

Asociacin Internacional de Supervisores de Seguros

IAIS

International Bank for Reconstruction and Development

[World Bank Group]

Banco Internacional de Reconstruccin y Fomento

BIRF

IBRD

international banking statistics

[IMF-STA; BPM5; FSIG]

estadsticas bancarias internacionales

EBI

IBS

international bond

bono internacional

international capital markets

mercados internacionales de capital

ICM

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International Centre for Settlement of Investment Disputes

Centro Internacional de Arreglo de Diferencias Relativas a

[World Bank Group]

Inversiones

ICSID

CIADI

International Chamber of Commerce

Cmara de Comercio Internacional

ICC

CCI

International Compilers Working Group on External Debt

Grupo de Trabajo Internacional de Compiladores de Estadsticas

Statistics

sobre la Deuda Externa

[IMF, IBRD, OECD, BIS;Berne Union]

International Confederation of Free Trade Unions

Confederacin Internacional de Organizaciones Sindicales Libres

ICFTU

CIOSL

International Conference on Financing for Development

Conferencia Internacional sobre la Financiacin para el Desarrollo

[UN]
ICFD
FfD
Monterrey Conference
FfD Conference

International Conference on National Poverty Reduction

Conferencia Internacional sobre Estrategias de Lucha contra la

Strategies

Pobreza

International Conference on Poverty Reduction Strategies

International Convention for the Suppression of the Financing

Convenio Internacional para la represin de la financiacin del

of Terrorism

terrorismo

international corporate taxation

tributacin internacional de sociedades

fiscalidad internacionalidad de sociedades
[Spain]
imposicin internacional de sociedades

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International Development Association

Asociacin Internacional de Fomento

[World Bank Group]

AIF

IDA

International Development Goals

[OECD]

objetivos de desarrollo internacionales

objetivos para el ao 2015

IDGs
2015 targets
[Copenhagen Summit]

international economic order

orden econmico mundial

orden econmico internacional

International Energy Agency

Agencia Internacional de Energa

IEA

AIE

International Federation of Accountants

Federacin Internacional de Contadores

IFAC

IFAC

International Finance Corporation

Corporacin Financiera Internacional

[World Bank Group]

CFI

IFC

International Finance Facility for Immunization

Mecanismo Internacional para la Financiacin de la Inmunizacin

IFFm

International Finance Facility

Facilidad Financiera Internacional

IFF

international financial architecture

arquitectura financiera internacional

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International Financial Institution Advisory Commission

Comisin Meltzer

[USA]
Meltzer Commission
IFIAC

international financial institution

institucin financiera internacional

IFI

International Financial Reporting Standards

Normas Internacionales de Informacin Financiera

[FSIG]

[GISF]

IFRS

NIIF

International Financial Statistics Yearbook

International Financial Statistics Yearbook

[IMF]

anuario de estadsticas financieras internacionales

IFS Yearbook

International Fund for Agricultural Development

[WFC]

[ttulo no oficial]

Fondo Internacional de Desarrollo Agrcola

FIDA

IFAD

international investment net position

[BOP]

posicin neta de inversin internacional

posicin neta de activos externos

IIP
net external asset position

international investment position

posicin de inversin internacional

[BPM5; Debt Guide, 1993; Balance of Payments

Compilation Guide 1995; External Debt Statistics: Guide for

[Gua de la deuda, 1993; MBP5]

PII

Compilers and Users, 1993; Debt Guide, 1993]

IIP

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International Labour Office

Oficina Internacional del Trabajo

[ILO]

OIT

ILO

International Labour Organisation

Organizacin Internacional del Trabajo

ILO

OIT

international lending process

operaciones internacionales de prstamo

transacciones internacionales de concesin de crdito

international liquidity

liquidez internacional

[IFS]

international merchandise trade statistics

estadsticas del comercio internacional de mercaderas

[UN]

International Monetary and Financial Committee

[IMF]

Comit Monetario y Financiero Internacional

CMFI

IMFC

International Monetary Fund

Fondo Monetario Internacional

IMF

FMI

International Organization for Standardization

Organizacin Internacional de Normalizacin

ISO

ISO

International Organization of Securities Commissions

Organizacin Internacional de Comisiones de Valores

IOSCO

IOSCO

International Organization of Supreme Audit Institutions

Organizacin Internacional de las Entidades Fiscalizadoras

INTOSAI

Superiores

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International Reconstruction Fund Facility for Iraq

Mecanismo de los fondos internacionales para la reconstruccin del

IRFFI

Iraq

International Regulators Forum

Foro Internacional de Reguladores

IRF

International Reserves and Foreign Currency Liquidity:

+Reservas internacionales y liquidez en moneda extranjera: Pautas

Guidelines for a Data Template

para una planilla de datos+

[IMF]

international reserves
[BPM6; GFSM; IFS]
external reserves

reservas internacionales
[MBP6; MEFP]
reservas externas
reservas exteriores

international spillovers

efectos de contagio internacionales

efectos de contagio transfronterizos
efectos de contagio de un pas a otro

International Standard Classification of all Goods and Services

[UN]

+Clasificacin Internacional Uniforme de todos los Bienes y

Servicios+

ICGS

+CIBS+

International Standards Organization

Organizacin Internacional de Normalizacin

ISO

ISO

International Statistical Institute

Instituto Internacional de Estadstica

ISI

International Swaps and Derivatives Association

Asociacin Internacional de Swaps y Derivados

ISDA

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International Tax Compact

Pacto Fiscal Internacional

ITC

International Tax Dialogue

Dilogo Fiscal Internacional

ITD

DFI

International Trade Commission

Comisin de Comercio Internacional

[USA]
ITC

International Trade Union Confederation

Confederacin Sindical Internacional

ITUC

international trading system

sistema internacional de comercio

international transaction

transaccin internacional

international transaction reporting system

sistema de notificacin de transacciones internacionales

[BPM5]
ITRS

[MBP5]
ITRS
SNTI

international transactions in services classification

clasificacin de las transacciones internacionales de servicios

[BOP]

International Union of Credit and Investment Insurers

Unin de Seguros y de Crdito Internacionales

Berne Union

Unin de Berna

international value chain

cadena internacional de valor

International Working Group of Sovereign Wealth Funds

Grupo de Trabajo Internacional sobre Fondos Soberanos de

IWG

Inversin

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interofficial transaction

transaccin interoficial

Interpretation Services

Servicios de Interpretacin

[TGS/AI/LI]

Interpreter, Chief

Jefe de Intrpretes

[IMF-TGS]

interrelated entries
[BPM5]

asientos relacionados entre s

asientos correlativos
asientos interrelacionados entre s
[MBP5]

intertemporal budget constraint

limitacin presupuestaria intertemporal

intervention

intervencin

intervention currency

moneda de intervencin

currency of intervention

intervention point

punto de intervencin

[exchange rates]
divergence threshold
maximum fluctuation limit

in-the-money option

opcin con beneficio probable

intra-currency union flows

flujos comerciales dentro de la zona monetaria

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intra-marginal intervention

intervencin intramarginal

coordinated intramarginal intervention

intervencin conjunta

concerted intervention
joint intervention

introducing broker

agente de presentacin (en bolsa de pequeos paquetes de

IB

acciones a clientes seleccionados)

intrusive conditionality

condicionalidad intrusiva

inventory accumulation

acumulacin de existencias

inventory investment

inversin en existencias
inversin en mercancas

inventory rundown

disminucin de existencias

rundown on inventories

liquidacin de las existencias

desacumulacin de existencias

inventory

existencias

stocks

inventario
[ARG]
bienes de cambio
[ARG]
tenencias
saldos

inverse yield curve

curva de rendimientos invertida

inverse term structure

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Investment Account

Cuenta de Inversiones

[IMF]
IA

investment bank

banco de inversiones

[USA]
merchant bank
[GBR]

investment budget

presupuesto de inversiones
presupuesto de capital

Investment Committee
[IMF-SRP]

investment company

Comit de Inversiones
[Plan de Jubilacin del Personal]

compaa de inversiones
fondo de inversin

investment expenditure

gasto de inversin

investment spending

investment grade bond

[securities]

bono con calificacin de inversin no especulativa (investment

grade)

investment income

renta de la inversin

investment income-based proxy

valor de reemplazo basado en la renta de la inversin internacional

international income-based proxy

valor de reemplazo basado en la renta de la inversin

IIP

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Investment Office

Oficina de Inversiones

[IMF-OMD]
INV

investment profitability

rentabilidad de las inversiones

investment slump

cada de la inversin

investment tax credit

crdito fiscal a la inversin

ITC

crdito tributario para inversiones

bonificacin tributaria a favor de la inversin

Investment Unit

Unidad de Inversiones

[FIN/PH/IN]

investment vehicle

vehculo de inversin
instrumento de inversin

investment

inversin

[economics]

investment-grade borrower

prestatario cuyos ttulos tienen calificacin de inversin no

especulativa (investment grade)

investment-grade spreads

diferenciales de los ttulos con calificacin de inversin no

especulativa (investment grade)

investment-to-GDP ratio

relacin inversin/PIB
razn inversin/PIB

investment-to-output ratio

relacin inversin/producto
razn inversin/producto

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investor base

base de inversionistas
base de inversores

investor sentiment

actitud de los inversionistas

invisible hand

la mano invisible

invisible transaction

transaccin invisible

[BOP]

transaccin de invisibles

invisibles

partida invisible

invisible item

invisibles

invitation to bid

llamada a licitacin

[procurement]
ITB

apertura de concurso
[a veces]
convocatoria de ofertas
anuncio de subasta

invoice value

valor facturado

inward investment

inversiones del exterior

inversiones de no residentes en la economa

inward-oriented economy

economa autrquica
economa orientada al mercado interno
economa orientada hacia el interior

irrevocable documentary credit

crdito documentario irrevocable

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ISIC

+Clasificacin Industrial Internacional Uniforme de todas las

[UN]

Actividades Econmicas+

ISIC

+CIIU+

Islamic banking

banca islmica

Islamic Development Bank

Banco Islmico de Desarrollo

IsDB

BIsD

IDB

BID

Islamic Dinar

dinar islmico

Islamic finance

finanzas islmicas

Islamic financing

financiamiento islmico

Islamic financial institution

institucin financiera islmica

[FSIG]

[GISF]

IFI

IFI

Islamic Financial Services Board

Junta de Servicios Financieros Islmicos

IFSB

IFSB

island country

pas insular

isocost

isocosto

isoquant

isocuanta

issue a complaint (against a member)

formular una queja (contra un pas miembro)

[IMF]

IMF GLOSSARY WEB 2015 English Spanish

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issue cost

costo de emisin

issuance cost

issuer
[BIS]

entidad emisora
emisor

issuer-pay business model

modelo comercial en el cual el emisor paga por la calificacin de sus

issuer-pay model

propios ttulos

Issues Brief

estudio temtico

[IMF-EXR]

Issues Paper
[World Bank]

documento temtico
documento de exposicin de problemas
Temas del Banco Mundial

items in transit

partidas en trnsito

[GMBS]

J-curve

curva en J
curva en forma de J
curva J

job creation

creacin de empleo

employment creation

creacin de puestos de trabajo

job market

mercado de trabajo

job seeker

persona en busca de empleo

persona que busca empleo

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jobless recovery

recuperacin sin empleo

[WHD REO]

Joint Ad Hoc Committee of Arrangements for the Annual

Comit Conjunto Ad Hoc para la Organizacin de las Reuniones

Meetings of the Boards of Governors of the Bank and the Fund

Anuales de las Juntas de Gobernadores del Banco y del Fondo

[IMF/WB]

JCAAM

JCAAM

Joint Africa Institute

[IMF-INS, AfDB, IBRD]

Instituto Multilateral Africano

IMA

JAI

joint and several liability

responsabilidad solidaria

Joint Bank/Fund Committee of Executive Directors on Staff

Comisin conjunta de los Directores Ejecutivos del Banco y del

Compensation

Fondo sobre la Remuneracin del Personal

[IMF/WB]

Joint Bank-Fund Library

Biblioteca Conjunta (del Banco y el Fondo)

[IMF-TGS]
JL
Joint Bank Library

Joint China-IMF Training Program

[IMF-INS]

Programa Conjunto de Capacitacin de China y el FMI

PCC

CTP

Joint External Debt Hub

Central de Informacin sobre la Deuda Externa

joint float

flotacin conjunta

IMF GLOSSARY WEB 2015 English Spanish

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joint Fund/World Bank AML Methodology Document

documento conjunto del Banco Mundial y el FMI de metodologa

AML Methodology Document

sobre la lucha contra el lavado de dinero

documento de metodologa sobre la lucha contra el lavado de dinero

joint governmental activity

actividad gubernamental conjunta

[GFS 1986]

Joint IMF/World Bank Implementation Committee for the HIPC

Comit Conjunto de Ejecucin de la Iniciativa para los PPME y los

Initiative and the PRSP Program

DELP

JIC
Joint Implementation Committee

Joint India-IMF Training Program

Programa Conjunto de Capacitacin de India y el FMI

ITP
India Training Center

joint issue paper

documento conjunto de exposicin de problemas

joint liability company

sociedad de responsabilidad solidaria

Joint Management Action Plan

Plan Ejecutivo Conjunto de Accin

JMAP

Joint Ministerial Committee of the Boards of Governors of the

Comit Ministerial Conjunto de las Juntas de Gobernadores del

Bank and the Fund on the Transfer of Real Resources to

Banco y del Fondo para la Transferencia de Recursos Reales a los

Developing Countries

Pases en Desarrollo

Joint Development Committee

Comit para el Desarrollo

Development Committee
DC

Joint Oil Data Initiative

Iniciativa Conjunta de Datos del Petrleo

JODI

IMF GLOSSARY WEB 2015 English Spanish

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Joint Partnership for Africa

Alianza Multilateral para frica

JPA

Joint Procedures Committee

[IMF-IBRD Annual Meetings]

Comisin Conjunta de Procedimiento

CCP

JPC

Joint Regional Training Center for Latin America in Brazil

Centro Regional Conjunto de Capacitacin para Amrica Latina en

Brazil Training Center

Brasil

[IMF-INS]

Centro de Capacitacin en Brasil

BTC

CCB

Joint Secretariat

Secretara Conjunta

[IMF-IBRD Annual Meetings]

Joint Staff Advisory Note

Nota Consultiva Conjunta del Personal Tcnico

Joint Staff Assessment Note

JSAN

Joint Staff Assessment

[IMF-IBRD]

evaluacin conjunta
evaluacin conjunta del Banco Mundial y el FMI

JSA

joint stock company

sociedad por acciones

IMF GLOSSARY WEB 2015 English Spanish

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joint venture

empresa conjunta

joint enterprise

sociedad accidental
[ESP]
unin transitoria de empresas
[ARG]
asociacin de empresas en participacin
operacin conjunta
sociedad en participacin
[ESP]

Joint Vienna Institute

[IMF-INS]

Instituto Multilateral de Viena

IMV

JVI

judgmental forecast

pronstico discrecional
previsin discrecional
pronstico basado en una evaluacin discrecional de la situacin
previsin basada en apreciaciones

jumbo certificate of deposit

certificado de depsito de un monto considerable

[USA]

junk bond

bono basura
bono chatarra
bono de alto riesgo

Kennedy Round (of Multilateral Trade Negotiations)

Ronda Kennedy

[GATT]

key performance indicators

indicadores clave de desempeo

KPI

IMF GLOSSARY WEB 2015 English Spanish

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keynote speech

exposicin
discurso
discurso central
discurso principal

kinked curve

curva quebrada

knock-on effects

efectos indirectos

know-how

conocimientos tcnicos
conocimientos tecnolgicos
conocimientos especializados
pericia

knowledge bank

banco de conocimientos

[IBRD]

knowledge-based economy

economa basada en los conocimientos

knowledge economy

Kuwait Fund for Arab Economic Development

Fondo Kuwait para el Desarrollo Econmico Arabe

KFAED

FKDEA

labor

trabajo
mano de obra

labor cost

costo de la mano de obra

costo laboral

labor dispute

conflicto laboral

industrial dispute

IMF GLOSSARY WEB 2015 English Spanish

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labor force participation

participacin en la fuerza laboral

labor force participation rate

tasa de participacin de la fuerza laboral

labor participation rate

tasa de actividad

participation rate

tasa de participacin
participacin laboral
[WHD REO]

labor force

fuerza de trabajo

workforce

fuerza laboral

economically active population

poblacin activa

EAP

poblacin econmicamente activa

working population

PEA

labor hoarding

mantenimiento preventivo de personal

retencin preventiva de personal

labor income
[BPM5]

labor input

renta del trabajo

[MBP5]

insumo de trabajo
insumo de mano de obra
factor trabajo
trabajo

labor intensiveness

uso intensivo de mano de obra

labor intensity

labor market

mercado de trabajo
mercado laboral

labor market rigidity

rigidez del mercado laboral

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labor mobility

movilidad de la mano de obra

movilidad laboral

labor productivity

productividad de la mano de obra

labour productivity

productividad del trabajo

[SNA93]

[SCN93]

productivity of labor

labor relations

relaciones laborales

industrial relations

labor saving device

tcnica que desplaza mano de obra

labor saving innovation

innovacin que desplaza mano de obra

labor service

servicio laboral

labor supply

oferta de mano de obra

oferta de trabajo
mano de obra disponible

labor-intensive

con uso intensivo de mano de obra

que requiere mucha mano de obra

labor-output ratio

relacin trabajo/producto
razn trabajo/producto

Laffer Curve

curva de Laffer

lagged reserve accounting

contabilizacin diferida de las reservas

LRA

IMF GLOSSARY WEB 2015 English Spanish

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lagged variable

variable retardada
variable rezagada
variable desfasada

lagging indicator

indicador retrospectivo
indicador retrasado
indicador desfasado
indicador retardado

laissez-faire

laissez faire

laisser-faire

land

tierra
terreno

land development
[agriculture]

aprovechamiento de tierras
adecuacin de tierras

land improvement

mejoramiento de tierras y terrenos

land reclamation

mejora de tierras y terrenos

puesta en cultivo de nuevas tierras
recuperacin de tierras
saneamiento de tierras

land reform

reforma agraria

agrarian reform

landed cost

precio al desembarque

landed price

precio en muelle

IMF GLOSSARY WEB 2015 English Spanish

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landfill, sanitary

relleno sanitario

[USA, waste management]

landfilling, sanitary
[UK]
tipping, controlled
[UK]

landlocked country

pas sin litoral

pas mediterrneo
[Am. Lat.]

Language Services Library

Biblioteca de Servicios Lingsticos

Language Services

Servicios Lingsticos

[TGS/L]
LS

Language Technology Advisory Group

Grupo Consultivo sobre Tecnologa Lingstica

[TGS-Language Services]
LTAG

Laplace-Gauss distribution
[statistics]
Gaussian distribution

ley de Laplace-Gauss
distribucin normal(, ley de)
ley normal

normal distribution

lapse of time completion of Article IV consultation

[IMF]

conclusin de la consulta del Artculo IV por aprobacin tcita del

Directorio Ejecutivo sin necesidad de reunin

IMF GLOSSARY WEB 2015 English Spanish

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lapse of time decision

decisin tcita por vencimiento del plazo

[IMF, Executive Board]

LOT

decisin aprobada tcitamente por el Directorio sin necesidad de

reunin
decisin aprobada tcitamente por vencimiento del plazo fijado sin
que medio objecin de ningn director

large complex financial institutions

instituciones financieras grandes y complejas

LCFIs

large taxpayer office

oficina de grandes contribuyentes

LTO

unidad de grandes contribuyentes

large taxpayer unit

unidad de grandes contribuyentes

LTU

UGC

largely compliant

relativamente conforme

[BIS]

large-scale access (to the Fund's resources)

[IMF]

mayormente cumplido

nivel de acceso muy elevado

volumen muy elevado de utilizacin (de los recursos del FMI)

very high access (to the Fund's resources)

large-scale asset purchases

compras de activos a gran escala

LSAP

largest debtor

pas ms endeudado

last in, first out

mtodo de ltimas entradas, primeras salidas

[inventory accounting]
LIFO

mtodo UEPS
mtodo LIFO

IMF GLOSSARY WEB 2015 English Spanish

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late filer

contribuyente moroso

[taxation]

late interest charges

inters por mora

[Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]
late interest
[Paris Club]

late payment
[IMF]

pago atrasado
pago en mora
pago con retraso

Latin American and Caribbean region

LAC

regin de Amrica Latina y el Caribe

[WHD REO]
ALC
[WHD REO]

Latin American debt crisis

crisis de la deuda latinoamericana

LA debt crisis

Latin American Economic System

Sistema Econmico Latinoamericano

SELA

SELA

Law Library

Biblioteca Jurdica

[IMF-LEG]

law of small numbers

ley de los pequeos nmeros

Poisson distribution

distribucin de Poisson

LDC-plus package

paquete "PMA plus"

IMF GLOSSARY WEB 2015 English Spanish

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lead agency

organismo director
organismo dirigente

lead manager

banco director

lead bank
lead underwriter
syndicate leader

leader market

mercado principal
mercado lder

leading indicator

indicador anticipado

forward-looking indicator

indicador adelantado
indicador de pronstico
indicador prospectivo
indicador anticipado

leading sector

sector lder
sector que fija las pautas

League of Arab States

Liga de los Estados Arabes

LAS

LEA

Arab League

leakage

filtracin

[economics]

learning culture

cultura de aprendizaje

IMF GLOSSARY WEB 2015 English Spanish

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lease agreement

arrendamiento

lease
[SNA93]

[SCN93]
contrato de arrendamiento
arriendo
locacin
contrato de locacin
contrato de alquiler
alquiler

leaseback

venta con pacto de arrendamiento

retrocesin en arriendo

leased goods
[BPM5]

bienes arrendados
[MBP5]

least advanced countries

pases menos adelantados

LACs

PMA

least developed countries

LDCs

least squares fit

ajuste minimocuadrtico, por mnimos cuadrados

least squares regression

regresin minimocuadrtica, por mnimos cuadrados

least squares regression analysis

anlisis de regresin minimocuadrtica

least-squares estimate

estimacin por mnimos cuadrados

LSE

estimacin minimocuadrtica

leave without pay

excedencia
licencia sin goce de sueldo

IMF GLOSSARY WEB 2015 English Spanish

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legacy assets

activos heredados

legal and regulatory framework

rgimen legal y reglamentario

marco legal y reglamentario
marco legal y regulatorio
ordenamiento jurdico

legal corruption

corrupcin legal

Legal Department

Departamento Jurdico

[IMF]
LEG

legal risk

riesgo jurdico
riesgo legal

legal tender

moneda de curso legal

legal currency

dinero de poder liberatorio

moneda legal
dinero legal

lender

acreedor
prestamista

lender of last resort

prestamista de ltima instancia

LOLR

prestamista de ltimo recurso

LLR

lender of record

prestamista titular
prestamista oficial

IMF GLOSSARY WEB 2015 English Spanish

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lending capacity

capacidad prestable
capacidad de concesin de prstamos
capacidad de prstamo

lending facilities

mecanismos de prstamo

lending funds

fondos prestables

loanable funds

lending into arrears policy

poltica de concesin de prstamos a pases con atrasos

[IMF]

lending into arrears

concesin de prstamos a pases con atrasos

LIA

lending minus repayments by function

concesin de prstamos menos recuperaciones por funciones

[GFS 1986]

lending minus repayments

[GFS 1986; GFSY; IFS]

concesin de prstamos menos reembolsos

concesin de prstamos menos recuperaciones

lending rate

tasa de inters de los prstamos

loan rate

tasa de los prstamos

tasa activa

less developed countries

pases en desarrollo

LDCs

pases menos desarrollados

PMD

letter of appointment

carta de nombramiento

[IMF]

IMF GLOSSARY WEB 2015 English Spanish

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Letter of Intent

carta de intencin

[IMF]
LOI

letter of transmittal

carta de remisin

cover letter

nota de envo

cover note

carta de presentacin

level playing field

condiciones igualitarias
igualdad de condiciones
condiciones equitativas
tratamiento igualitario
terreno neutral

level-based surcharge
[IMF]

sobretasa basada en el nivel de uso de recursos

sobretasa basada en el nivel del crdito pendiente de reembolso

level-based interest surcharge

leveling off

nivelacin
estabilizacin

leverage

influencia
poder
ventaja

leveraged buyout

adquisicin apalancada

LBO

compra de una empresa con fondos tomados en prstamo

leveraged takeover

leveraged loan

prstamo apalancado

IMF GLOSSARY WEB 2015 English Spanish

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leveraged loan market

mercado de crdito apalancado

mercado de prstamos apalancados

leveraged management buyout

adquisicin de una empresa por parte de sus empleados

LMBO

leveraged position

posicin apalancada

leveraged, highly

con un elevado nivel de endeudamiento

con alto apalancamiento
con un alto grado de apalancamiento

levy
[GFS 1986; SNA93]

liabilities constituting foreign authorities' reserves

[BPM5; IFS]

gravamen
[SCN93]

pasivos que constituyen reservas de autoridades extranjeras

[MBP5; Estadisticas Financieras Internacionales]

LCFAR(s)

PCRAE

reserve liabilities

pasivos monetarios

liability

pasivo
[MBP6]
elemento del pasivo
rubro del pasivo

liability holdings

tenencia de pasivos

liabilities

pasivos
obligaciones

liability insurance

seguro de responsabilidad civil

liability operation

operacin pasiva

IMF GLOSSARY WEB 2015 English Spanish

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liability-generating occurrence

hecho generador de una obligacin, de una deuda

liberalization

liberalizacin
apertura
liberacin
[precios]

liberalization of the capital account

liberalizacin de la cuenta de capital

[IMF]
capital account liberalization

Libor-OIS spread

diferencial LIBOR-OIS

Librarian, Chief

Jefe de Biblioteca

[IMF-TGS]

Librarian, Senior

Bibliotecario Principal

[IMF-TGS]

Library and Documents Unit

Unidad de Biblioteca y Documentos

[INS/AV/IF/LI]

Library Client Services Section

Seccin de Servicio al Cliente de la Biblioteca

[TGS/DI/LC]

Library Operations Section

Seccin de Operaciones de Biblioteca

[TGS/DI/LO]

life annuity

renta vitalicia
contrato de renta vitalicia

IMF GLOSSARY WEB 2015 English Spanish

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life cycle hypothesis

teora del ciclo de vida

life cycle theory

teora del ciclo vital

life expectancy at birth

esperanza de vida al nacer

expectation of life at birth

life expectancy

vida til prevista

[BPM5]

vida til probable

lifetime income

ingreso vitalicio

likelihood function

funcin de verosimilitud

limit order

orden que especifica precio

[stock exchange; FSIG]

limited order

limited partner

orden limitada
[GISF]

socio comanditario

silent partner
sleeping partner

limited partnership

sociedad en comandita

limited liability partnership

sociedad de responsabilidad limitada

limited recourse financing

financiamiento con posibilidad de recurso limitado

limiting clause

clusula restrictiva

line ministry

ministerio de ejecucin (de proyectos)

[budget]

ministerio tcnico

line department

ministerio de lnea

line agency

IMF GLOSSARY WEB 2015 English Spanish

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line of credit

lnea de crdito

credit line

linear constraint

restriccin lineal

linear correlation

correlacin lineal

linear correlation coefficient

coeficiente de correlacin lineal

linear equation

ecuacin lineal

linear hypothesis

hiptesis lineal

linear programming

programacin lineal

linear regression line

recta de regresin

linear regression

regresin lineal

regression line

lnea de ajuste ptimo

line of best fit

lnea de tendencia

line of closest fit

trend line

linear trend

tendencia lineal

line-item budget

presupuesto por partidas

line-item budgeting

presupuesto partida por partida

line-item appropriation

presupuesto clsico partida por partida

linked price series

series de precios enlazadas

[CPI]

IMF GLOSSARY WEB 2015 English Spanish

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liquid asset

activo lquido
[GISF; GMBS]

liquid asset requirement

encaje en activos lquidos

LAR

liquidez obligatoria

liquid requirement

requisito de liquidez
[ARG]

liquid liability
[IFS]

pasivo lquido
[GMBS]
pasivo a muy corto plazo
pasivo exigible a corto plazo

liquid market

mercado lquido

liquidating dividend

dividendo de liquidacin

[BPM5]

liquidation of the Fund

disolucin del FMI

[IMF, Articles of Agreement]

liquidation

liquidacin

winding up
winding down

liquidity

liquidez

liquidity crunch

compresin de la liquidez

money crunch

restriccin de la liquidez
restriccin monetaria

IMF GLOSSARY WEB 2015 English Spanish

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liquidity facility

mecanismo de provisin de liquidez

facilidad de liquidez
mecanismo de liquidez

liquidity forecasting
[monetary policy]

pronsticos de liquidez
previsiones de liquidez

liquidity injection

inyeccin de liquidez

liquidity loan

prstamo de liquidez
prstamo de recursos lquidos

liquidity management

regulacin de la liquidez

[GFSM]

control de la liquidez

liquidity control

gestin de la liquidez
[MEFP]

liquidity of Fund resources

liquidez de los recursos del FMI

[IMF]

liquidity overhang

exceso de liquidez

excess liquidity

excedente de liquidez

monetary overhang

liquidity portfolio

cartera lquida

liquid asset portfolio

cartera de activos lquidos

liquidity position

nivel de liquidez

[IMF]

liquidity preference

posicin de liquidez

preferencia por la liquidez

IMF GLOSSARY WEB 2015 English Spanish

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liquidity ratio

coeficiente de liquidez

[IMF]

indice de liquidez
[SCN93]
razn de liquidez

liquidity squeeze

contraccin de la liquidez

liquidity crisis

restriccin de la liquidez
crisis de liquidez

liquidity transformation

transformacin de la liquidez

liquidity trap

trampa de liquidez

money trap

trampa monetaria

liquidity/asset ratio

razn liquidez/activo

liquid assets to total assets

activos lquidos/activos totales

liquid asset ratio

coeficiente de activos lquidos

liquified petroleum gas

gas licuado de petrleo

LPG
LPG gas

list price
[BPM5]

precio de catlogo
precio de lista
[MBP5]

listed security

ttulo cotizado en bolsa

quoted security

valor admitido a cotizacin oficial

listing of securities

inscripcin de valores en la bolsa

admisin de valores en bolsa
cotizacin de ttulos en bolsa

IMF GLOSSARY WEB 2015 English Spanish

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loan

prstamo
colocacin
emprstito

loan agreement

convenio de prstamo
contrato de prstamo
acuerdo de prstamo
[Gua de la deuda, 1993]

loan backed by gold

prstamo con garanta oro

loan book

cartera de prstamos

loan claim

crditos por prstamos

activos por concepto de prstamos

loan classification

clasificacin de prstamos

loan commitment

compromiso de prstamo
oferta de prstamo

loan drawings

giros sobre un prstamo

loan loss provision

previsin para deudas incobrables

[FSIG]
allowance for loan losses

loan loss provisioning

constitucin de reservas para prstamos incobrables

loan provisioning

constitucin de reservas para prdidas por concepto de prstamos

previsionamiento (para prstamos incobrables)

IMF GLOSSARY WEB 2015 English Spanish

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loan loss reserve

reservas para prstamos incobrables

reservas para prdidas por concepto de prstamos

loan loss

deuda incobrable

loss

prdida por prstamos incobrables

loan mix

composicin de un prstamo

loan portfolio

cartera de prstamos
cartera crediticia
cartera de crdito

loan resources

recursos para prstamos

recursos prestables

loan swap

"swap" de prstamos
canje de prstamos

loan turndown

rechazo de solicitud de prstamo

loan-loss recognition

reconocimiento de los prstamos incobrables

loan-to-value ratio

relacin prstamo/valor

LTV ratio

local currency bond market

mercado de bonos en moneda local

LCBM

local currency clause

clusula de pagos de contrapartida en moneda nacional

[Paris Club]

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local government

gobierno local

[GFSM; SNA93]

[MEFP; SCN93]

localization economies

economas de la localizacin

economies of location

economas generadas por la localizacin

economas de situacin

locally chartered affiliate

filiales constituidas localmente

locational international banking statistics

estadsticas por distribucin geogrfica

[BIS]
locational banking statistics

estadsticas bancarias segn la localizacin geogrfica

[Gua de la deuda, 1993]

[BIS; Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]
locational statistics
[BIS]
locational basis

locked-in price
[options]

precio acordado
tasa acordada

locked-in rate

lo-flation

bajaflacin

lowflation

log-normal distribution

distribucin log(artmico)-normal

Lombard facility

servicio de crdito Lombard

Lombard rate

tasa Lombard

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London Interbank Bid Rate

tasa interbancaria de subasta de Londres

LIBID

LIBID

London Interbank Mean Rate

tasa media interbancaria de Londres

LIMEAN

LIMEAN

London interbank offered rate

tasa interbancaria de oferta de Londres

LIBOR

Libor

London International Financial Futures Exchange

bolsa de futuros financieros de Londres

LIFFE

London Metal Exchange

Bolsa de Metales de Londres

LME

BML

long- and medium-term debt

deuda a largo y mediano plazo

LMT debt

long bank

banco con saldo acreedor

long end of the market

mercado de capitales a largo plazo

long position

posicin sobrecomprada
posicin larga

Long Term Capital Management

gestin del capital de largo plazo

LTCM

+Long Term Capital Management+

longer-term program engagement

interaccin a largo plazo a travs de programas

LTPE

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longer-term refinancing operation

operacin de financiacin a plazo ms largo

LTRO

long-term interest rate

tasa a largo plazo

long-term rate

tasa de inters a largo plazo

long rate

long-term trend

tendencia a largo plazo

long-term unemployment

desempleo a largo plazo

loophole

laguna de la ley
laguna de la legislacin
escapatoria
vaco legislativo

Los Cabos Action Plan

Plan de Accin de Los Cabos

Los Cabos Growth and Jobs Action Plan

Plan de Accin de Los Cabos para el Crecimiento y el Empleo

Los Cabos G20 Summit

Cumbre de Los Cabos

Los Cabos Summit

Los Cabos Growth and Jobs Action Plan

Plan de Accin de los Cabos para el Crecimiento y el Empleo

low access PRGF arrangements

nivel bajo de acceso a los recursos del SCLP

low income countries

pases de bajo ingreso

LICs
low-income countries

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low-cost housing

vivienda popular
vivienda de bajo costo
viviendas de inters social

lower-level substitution bias

[CPI]

sesgo de sustitucin de niveles ms detallados (de niveles

elementales)

lower-middle-income country

pas de ingreso mediano bajo

LMIC

PIMB

low-income country under stress

pas de bajo ingreso en dificultades

LICUS

low-income country
LIC

low-inflation country

pas de bajo ingreso

[Gua de la deuda, 1993]

pas de baja inflacin

pas con baja tasa de inflacin

lump sum payment

tanto alzado

lump sum

cantidad alzada
pago de una suma fija
suma fija
monto global
suma global

lumpiness

concentracin
indivisibilidad

Lyon terms
[debt restructuring]

condiciones de Lyon
[Gua de la deuda, 1993]

Lyons terms

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macro financial linkages

vnculos macrofinancieros

macro fund

fondo macro

macro-critical issue

cuestin esencial para la situacin macroeconmica

macrocritical structural reforms

reformas estructurales macrocrticas

reformas estructurales crticas desde el punto de vista
macroeconmico

macro-criticality

relevancia macroeconmica

Macroeconomic and Financial Management Institute of Eastern

Instituto de Gestin Macroeconmica y Financiera para frica

and Southern Africa

Oriental y Meridional

MEFMI

MEFMI

Macroeconomic and Financial Management Institute

macroeconomic balance approach

enfoque de equilibrio macroeconmico

metodologa de equilibrio macroeconmico

macroeconomic balance exchange rate

tipo de cambio de equilibrio macroeconmico

MBER

Macroeconomic Imbalance Procedure

procedimiento de desequilibrio macroeconmico

MIP

PDM

macroeconomic management

gestin macroeconmica

Macroeconomic Studies Division

Divisin de Estudios Macroeconmicos

[RES/MT]

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macro-financial linkage

vnculos macrofinancieros

macrofinancial linkages

nexos macrofinancieros

macrofinancial stability

estabilidad macrofinanciera

macroprudential authority

autoridad macroprudencial

macroprudential indicator

indicador macroprudencial

MPI

IMP

macroprudential instruments

instrumentos macroprudenciales

macroprudential policy

poltica macroprudencial

macroprudential regulation

regulacin macroprudencial

macroprudential toolkit

conjuntos de instrumentos macroprudenciales

macroprudential tools

herramientas macroprudenciales
instrumentos macroprudenciales

Mail Center

Centro de Servicios de Correo

[IMF-SEC]

Mainland China

China continental (R.P.)

China: The Mainland

territorio continental de la Repblica Popular de China

China, P.R.: Mainland

mainstreaming

generalizacin
asimilacin
integracin

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maintenance call

demanda de cobertura suplementaria

[stock exchange]
margin call

maintenance of value obligation

[IMF]

maintenance of value

obligacin de mantenimiento del valor (de las tenencias de DEG)

obligacin de mantener el valor

mantenimiento de valor

[IMF]

major borrowers

principales pases prestatarios

major classifications

clasificaciones principales

[BPM5]

principales clasificaciones
[MBP5]

major industrial countries

principales pases industriales

major oil exporters

principales exportadores de petrleo

majority action clause

clusula de decisin por mayora

[debt]

majority creditor

acreedor mayoritario

[London Club]

majority enforcement provision

disposicin sobre cumplimiento por mayora

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majority ownership

participacin mayoritaria

[corporations]

control accionario

majority interest
majority control
controlling interest

majority restructuring provision

disposicin sobre reestructuracin por mayora

maladjustment

desajuste
desequilibrio

Malthusian trap

trampa maltusiana

managed float

flotacin regulada

dirty float

flotacin controlada
flotacin dirigida
flotacin impura
flotacin sucia

managed floating with no predetermined path for the exchange

flotacin dirigida sin una trayectoria predeterminada del tipo de

rate

cambio

[IMF exchange rate classification system, 2006]

managed rate

tipo de cambio dirigido

managed exchange rate

tipo de cambio regulado

tipo de cambio controlado

managed trade

comercio dirigido
[WTO]
comercio regulado
comercio controlado

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Management Development Center

Centro de Perfeccionamiento del Personal de Direccin

[IMF-HRD]
MDC

Management Development Section

Seccin de Perfeccionamento del Personal de Direccin

[HRD/SD/MD]

management fee
[securities]

comisin de gestin
comisin por administracin
honorario por administracin

Management Implementation Plan

Plan de Accin de la Gerencia

MIP

Management Information Section

Seccin de Gestin de la Informacin

[IMF-OBP/BS/IS]

management letter
[IMF]

Management

carta de recomendaciones
carta de gerencia

Gerencia, la

[IMF]

managing director

director gerente

[IBRD]

Managing Director

Director Gerente

[IMF-OMD]

Directora Gerente

MD

Managing Director, Acting

Director Gerente Interino

[IMF-OMD]

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Managing Director, Temporary Acting

Director Gerente Interino temporal

[IMF-OMD]

mandatory plan

plan imperativo, preceptivo

mandatory prepayment clause

clusula de pago anticipado obligatorio

[London Club]

mandatory repurchase

recompra obligatoria

[IMF]

man-day

da-hombre

staff-day

da-persona

person-day

da-empleado

man-hour

hora-hombre

staff-hour

hora-persona
hora-empleado

Manual on Statistics of International Trade in Services

Manual de estadsticas del comercio internacional de servicios

[UN]

manufactured goods

manufacturas

manufactures

productos manufacturados
productos elaborados

manufacturing industry

industria manufacturera

manufacturing sector

industria fabril

manufacturing

sector manufacturero
sector industrial
sector de transformacin
manufacturas

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man-year

ao-hombre

staff-year

ao-empleado

person-year

ao-persona

margin

margen
[SCN93]
depsito de garanta
[MEFP]

margin account

cuenta de margen
cuenta para comprar al margen
cuenta para operaciones en descubierto

margin financing

financiamiento mediante cuentas de margen

financiamiento de mrgenes

margin interest

intereses sobre cuentas de margen

margin lending

crdito con cuentas de margen

margin requirement

peticin de margen

marginal borrower

prestatario marginal

marginal cost

costo marginal

marginal cost pricing

determinacin del precio en funcin del costo marginal

marginal lending facility

facilidad de prstamo marginal

[Eurosystem]

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marginal propensity to consume

propensin marginal al consumo

propensin marginal a consumir

marginal propensity to save

propensin marginal al ahorro

propensin marginal a ahorrar

marginal rate of tax

tasa marginal

[taxation]

marginal reserve requirement

coeficiente marginal de encaje

MRR

coeficiente marginal de reserva obligatoria

encaje marginal
[SCN93]

marginal revenue product of capital

producto marginal del capital

MRPK
marginal revenue product

marked-to-model

valoracin segn modelo

marker crude

crudo de referencia, indicador

[petroleum]

market access

acceso a los mercados

market access countries

pases que tienen acceso a los mercados

market access overall trade restrictiveness index

ndice global de restriccin del comercio basado en el acceso al

MA-OTRI

mercado

market borrowers

prestatarios en los mercados

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market breadth

amplitud del mercado

diversificacin del mercado

market capitalization
[enterprises]
market cap

capitalizacin burstil
capitalizacin de mercado
capitalizacin en el mercado

MCAP

market clearing price

precio de equilibrio del mercado

clearing price

precio de equilibrio

market clearing

desatascamiento del mercado

market clearance

establecimiento del equilibrio del mercado

market competition

competencia de mercado

market discipline

disciplina de(l) mercado

market disruption

perturbacin del mercado

market economy

economa de mercado

market-oriented economy

economa orientada al mercado

market establishment

establecimiento de mercado

[GFSM 2001]

[MEFP]

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market failure

falla de mercado
fallo del mercado
[ESP]
mal funcionamiento del mercado
ineficacia del mercado
imperfeccin del mercado
deficiencia del mercado

market financing

financiamiento de mercado

market glut

saturacin del mercado

sobreoferta

market gold sales

ventas de oro en el mercado

market integrity

integridad del mercado

market maker

agente creador de mercado

creador de mercado
[ARG]
formador de mercado
[MEX]

market making

creacin de mercado
operaciones de creacin de mercado

market neutrality

neutralidad frente al mercado

market niche

segmento del mercado

market power

poder de mercado
influencia en el mercado

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market price equivalent

equivalente de precios de mercado

market rate

tasa del mercado

tasa de mercado
tasa de inters de mercado

market saturation

saturacin del mercado

market SDR

DEG de mercado

market sentiment

actitud del mercado

market share

participacin en el mercado
cuota de mercado

market sharing arrangement

acuerdo de reparticin de mercados

acuerdo de distribucin del mercado

market size

dimensin del mercado

magnitud del mercado
tamao del mercado

market stress

fatiga causada por el mercado

tensin creada por el mercado

market terms

condiciones del mercado

commercial terms

condiciones ordinarias

hard terms

condiciones corrientes

conventional terms
conventional market terms

market turnover

volumen de negocios de mercado

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market volatility

volatilidad del mercado

market yield

rentabilidad de mercado
rendimiento de mercado

marketable good

bien comerciable
bien comercializable

market-based approach

enfoque basado en el mercado

enfoque basado en tcnicas de mercado

market-based debt reduction

operaciones de reduccin de la deuda basadas en el mercado

market-friendly policy

poltica favorable a la economa de mercado

market-oriented policy

poltica orientada al mercado

marketing board

junta de comercializacin

marketing facilities

circuitos de comercializacin

marketing channels

medios de comercializacin

market-related terms

condiciones de mercado

[lending]

market-sensitive information

informacin sensible para los mercados

market-sensitive data

mark-to-market loss

prdida por actualizacin a precios de mercado

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mark-to-market

revaluar una posicin a precios de mercado

mark a position to market

actualizar la valoracin de una posicin

mark to the market

valorar al precio de mercado

MTM

markup

margen de beneficio

mark-up

margen de utilidad

[SNA93]

margen de comercializacin
margen comercial
[SCN93]

massive open online courses

cursos abiertos en lnea para un pblico masivo

MOOCs

matching grant
[public finance]

subvencin de contrapartida
subvencin proporcional
subvencin compensatoria

materiality
[BPM6]

materially noncompliant
[BIS]

importancia
[MBP6]

sustancialmente disconforme
sustancialmente no conforme
sustancialmente incumplido

matrix management

gestin matricial

multiple channel management

mature market

mercado maduro

mature stabilizer

pas en una etapa avanzada del proceso de estabilizacin

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mature technology

tecnologa madura
tecnologa establecida

mature

vencer

[finance]

maturity date

vencimiento

maturity

fecha de vencimiento

maturity distribution

desglose por vencimientos

[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

Compilers and Users, 1993]

perfil de vencimientos

maturity breakdown

estructura de vencimientos

maturity profile
[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

estructura de los reembolsos

Compilers and Users, 1993]

perfil de reembolsos

maturity structure

calendario de vencimientos

[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

Compilers and Users, 1993]

repayment profile

maturity extension program

programa de prrroga de vencimientos

MEP

maturity mismatch

descalce de vencimientos

maturity gap

desfase de vencimientos

maturity period

perodo de vencimiento

[Paris Club]

maturity transformation

transformacin de los vencimientos

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maximum access entitlement

lmite mximo de acceso

[IMF]

MDG Africa Steering Group

[UN]

lmite mximo de acceso a los recursos del FMI

Grupo Directivo sobre los Objetivos de Desarrollo del Milenio en

frica

MDRI-I Trust

Cuenta Fiduciaria de la IADM-I

MDRI-II Trust

Cuenta Fiduciaria de la IADM-II

mean absolute error

error medio absoluto

mean deviation

desviacin media

mean point

punto medio

mean reversion

regresin a la media
reversin a la media

means of payment

medio de pago

means-tested assistance

asistencia condicionada al nivel de recursos del beneficiario

asistencia condicionada al patrimonio

measure of dispersion

medida de dispersin

measure of skewness

medida de asimetra

Media Relations Division

Divisin de Relaciones con los Medios

[COM/MR]

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median

mediana

[statistics]

Medical Benefits Plan

Plan de Prestaciones Mdicas

[IMF]
MBP

medium of exchange

medio de cambio
instrumento de cambio

Medium Term Development Framework

marco de desarrollo a mediano plazo

MTDF

medium-term budgetary framework

marco presupuestario a mediano plazo

MTBF

medium-term expenditure framework

marco de gasto a mediano plazo

MTEF

MGMP

medium-term fiscal framework

marco fiscal a mediano plazo

MTFF

MFMP

medium-term instrument

instrumento a mediano plazo

[IMF]

medium-term interest rate

tasa a mediano plazo

medium-term rate

tasa a plazo medio

tasa de inters a mediano plazo

medium-term loan

prstamo a mediano plazo

prstamo a plazo medio

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medium-term strategy

Estrategia a Mediano Plazo

MTS

member country
[IMF]

pas miembro
pas

member
[IMF]

membership dues

cuotas de admisin

membership fees

cuotas

Membership Engagement Division

Divisin de Relaciones con los Pases Miembros

[IMF-SEC]

membership resolution

resolucin de admisin

[IMF]

membership
[IMF]

pases miembros
calidad de miembro

memorandum account

cuenta de orden

memorandum entry

partida informativa

memorandum item

+pro memoria+

memorandum of understanding

memorando de entendimiento

[IMF]
MOU

Memorandum on Economic and Financial Policies

Memorando de Poltica Econmica y Financiera

[IMF]
MEFP

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menu approach

mtodo de la lista de opciones

[debt]

men de opciones
enfoque del men

menu item

opcin del men

[debt]

merchanting

compraventa

commodities arbitrage

comercializacin

merger

fusin

[enterprises]

incorporacin
absorcin

mergers and acquisitions

fusin y adquisicin de empresas

[enterprises]

merit good

bien de inters social

merit increase

aumento por mrito

metadata

metadatos

[EBBS; BPM6]

[MBP6]

method of instrumental variables

mtodo de las variables instrumentales

Methodology for Assessing Compliance with Anti-Money

Metodologa de evaluacin del cumplimiento de normas de lucha

Laundering and Combating the Financing of Terrorism

contra el lavado de dinero y el financiamiento del terrorismo

Standard

metropolitan currency

moneda de la metrpoli

[AA]

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Mexico/Latin Caribbean Division

Divisin de Mxico y los Pases Latinos del Caribe

[WHD/ML]

MFSM

Manual de estadsticas monetarias y financieras

Monetary and Financial Statistics Manual

MEMF

microcredit

microcrdito

microlending

microfinance institution

institucin de microfinanciamiento

MFI

institucin de microcrdito

microprudential regulation

regulacin microprudencial

microstates

microestados

Middle East

Oriente Medio

Middle East and Central Asia Department

Departamento del Oriente Medio y Asia Central

[IMF]
MCD

Middle East and Central Asia Economic Outlook

Perspectivas econmicas regionales de Oriente Medio y Asia

Central

Middle East and North Africa Financial Action Task Force

Grupo de accin financiera para Oriente Medio y el Norte de frica

MENAFATF

GAFI - Oriente Medio

Grupo de Accin Financiera para Oriente Medio y Norte de frica

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Middle East and North Africa region

pases de OMNA

MENA region

regin de OMNA

MENA countries

Oriente Medio y Norte de frica

MENA

OMNA

Middle East Technical Assistance Center

Centro de Asistencia Tcnica del Oriente Medio

[IMF]

METAC

METAC

Middle East, North Africa, Afghanistan, and Pakistan region

regin de Oriente Medio, Norte de frica, Afganistn y Pakistn

MENAP

Middle Eastern Division

Divisin de Oriente Medio

[INS/MS]

Middle Eastern oil exporters

pases del Oriente Medio exportadores de petrleo

middle rate

tipo de cambio intermedio

midpoint rate

tipo intermedio

[BPM5]

[MBP5]

middle-income countries
[World Bank]

pases de ingreso mediano

[WB]

MIC countries
MICs

middle-income country under stress

pas de mediano ingreso en dificultades

MICUS

middle-income trap

trampa del ingreso medio

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midpoint spot rate

tipo intermedio al contado

[BPM5]

mid-point

punto medio

midpoint

mid-term baseline scenario

escenario base a mediano plazo

escenario de referencia a mediano plazo

midterm review
[IMF programs]

midyear review
[IMF]

examen de mitad de perodo

revisin de mitad de perodo

examen de mitad de ejercicio

examen de mitad de ao
revisin de medio ejercicio

migrants' remittances
[SNA93]

remesas de emigrantes
remesas de migrantes
[SCN93]

migrants' transfers
[BPM5]

Millennium Africa Renaissance Program

transferencias de emigrantes
[MBP5]

Programa del milenio para el renacimiento africano

Millennium Program for the Renaissance of Africa

Millennium Development Goals

Objetivos de Desarrollo del Milenio

MDG

ODM

Millennium Round of Multilateral Trade Negotiations

Ronda de Negociaciones Comerciales Multilaterales del Milenio

Millennium Round

Ronda del Milenio

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mineral exporters

exportadores de minerales

mineral rights

derechos de explotacin minera

derechos mineros
derechos sobre yacimientos de minerales

minimum acceptable bid

precio de oferta mnimo aceptable

stop-out price

oferta mnima aceptable

cut-off price

precio de corte

minimum bid rate

tasa de oferta mnima

[Eurosystem]
main refinancing rate

minimum living wage

salario mnimo vital

minimum national social data set

conjunto mnimo de datos sociales nacionales

MNSDS

minimum wage in industry

salario mnimo industrial

salario mnimo en el sector industrial

mining

industria minera
minera

mining and mineral resources, manufacturing, and construction

minera y recursos minerales, manufacturas y construccin

[GFSY]

minority creditor

acreedor minortario

misalignment

desajuste
desalineacin

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misallocation of resources

asignacin ineficiente de los recursos

asignacin desacertada de los recursos

misreporting

declaracin de datos inexactos

[IMF]

mission chief
[IMF]

jefe de misin
jefe de la misin

mission head
head of mission
chief of mission

mission report

informe de la misin

[IMF]

misspecification, model

error de especificacin de un modelo

MMFs

FMM

money market funds

fondos del mercado monetario

modal tariff

arancel modal

[customs]

mode

moda

[statistics]

Modern Portfolio Theory

teora moderna de la cartera

MPT

teora de la cartera

portfolio theory

momentum trader

operador oportunista

positive feedback trader

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monetary aggregate anchor

uso de un agregado monetario como ancla

[IMF monetary policy framework classification system, 2006]

monetary aggregate

agregado monetario

M1, M2, etc.

Monetary and Capital Markets Department

Departamento de Mercados Monetarios y de Capital

MCM

Monetary and Exchange Regimes Division

Divisin de Regmenes Monetarios y Cambiarios

[MCM/ME]

Monetary and Macroprudential Policies Division

Divisin de Polticas Monetarias y Macroprudenciales

[MCM/MP]
MP

monetary asset

activo monetario

monetary authorities

autoridades monetarias

monetary authorities subsector

subsector de las autoridades monetarias

monetary board

junta monetaria
comisin monetaria

monetary conditions index

MCI

monetary control

ndice de las condiciones monetarias

[WEO, Oct. '97]

control monetario

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monetary dominance

predominio de la poltica monetaria

dominio de la poltica monetaria
dominancia monetaria
predominio monetario

monetary easing

aplicacin de una poltica monetaria ms expansiva

easing of monetary policy

monetary economics

economa monetaria

monetary economy

economa monetizada

monetized economy

economa monetaria

monetary equilibrium

equilibrio monetario

monetary erosion

erosin monetaria

monetary flow

flujo monetario

monetary gold

oro monetario

monetary gold stock

masa de oro monetario

monetary institution

institucin monetaria

monetary management

gestin monetaria
regulacin monetaria

monetary policy

poltica monetaria

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monetary policy framework

marco de poltica monetaria

rgimen de poltica monetaria

monetary policy normalization

normalizacin de la poltica monetaria

monetary standard

patrn

money standard

patrn monetario

monetary stimulus

estmulo monetario

monetary support

respaldo monetario

monetary survey

panorama monetario

[IFS]

monetary target

meta monetaria

money supply target

objetivo monetario

monetary targeting strategy

estrategia de objetivos monetarios

intermediate monetary targeting

estrategia de objetivos intermedios de tipo monetario

monetary targeting

monetary tightening

austeridad monetaria

tight monetary policy

restriccin monetaria

tightening

contraccin monetaria

monetary restraint

aplicacin de una poltica monetaria restrictiva

monetary stringency

poltica monetaria restrictiva

tight money
tight money policy

monetary transmission

transmisin monetaria

transmission of monetary policy impulses

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monetary union

unin monetaria

monetization

monetizacin

monetization of government debt

monetizacin de la deuda pblica

monetization of the deficit

monetizacin del dficit

monetization of the economy

monetizacin de la economa
[SCN93]

money

dinero
[MEFP; SCN93]
moneda

money and banking statistics

estadsticas monetarias y bancarias

[IMF]

money creation

creacin de dinero
creacin monetaria

money destruction

destruccin del dinero

money illusion

ilusin monetaria

money income

ingreso nominal

nominal income

ingreso monetario

money laundering reporting officer

funcionario encargado de declarar actividades de lavado de dinero

[money laundering]
MLRO

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money laundering

lavado de dinero

ML

blanqueo de dinero
blanqueo de capitales
lavado de activos

money market mutual fund shares

cuota partes de fondos de inversin en el mercado monetario

[USA]
MMMF shares

money market mutual fund

fondo del mercado monetario

MMMF

fondo comn de inversiones en el mercado monetario

money market fund

fondo de inversin en el mercado monetario

MMF

money market
[FSIG]

mercado monetario
[GISF]
mercado de dinero
mercado del dinero

money multiplier

multiplicador monetario
multiplicador del dinero

money rate
[interest]

tasa de inters
tasa de inters a corto plazo
costo del dinero

money supply

oferta de dinero

[SNA93]

oferta monetaria

supply of money

[SCN93]

masa monetaria

money stock

cantidad de dinero

stock of money

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money wage

salario nominal

nominal wage

moneyness

liquidez
monetizacin
grado de monetizacin

monitoring system
[IMF]

mecanismo de supervisin
mecanismo de seguimiento (de los tipos de cambio)

monitoring process

monoline insurer

asegurador monolnea
aseguradora de bonos

monopolistic competition

competencia monopolstica

imperfect competition

competencia imperfecta

monopoly

monopolio
monoplico

monopoly power

poder monopolstico

monopoly rent

renta monoplica

monopsony

monopsonio

Monte Carlo method

mtodo de Monte-Carlo

Monte Carlo simulation

Monterrey Consensus

Consenso de Monterrey

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moonlighting

segundo empleo
pluriempleo

moral hazard

riesgo moral

moral suasion

presin moral

suasion

persuasin moral

jawboning

disuasin moral

window guidance
WG

moratory interest
[Paris Club]
moratorium interest

inters por mora

inters por atraso en el pago
inters moratorio
[ARG]

mortality

mortalidad

mortgage

hipoteca

mortgage bank

banco hipotecario

mortgage credit institution

institucin de crdito hipotecario

mortgage company

mortgage market

mercado de hipotecas

mortgage redemption

cancelacin de hipoteca
extincin

mortgage servicer

institucin que se ocupa de recibir los pagos hipotecarios

agente de gestin de pagos hipotecarios

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mortgage servicing rights

derechos de gestin de pagos hipotecarios

MSR

mortgage-backed security
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]
MBS

valores con respaldo hipotecario

ttulos hipotecarios
[Gua de la deuda, 1993]
valores con garanta hipotecaria
cdulas hipotecarias
letras hipotecarias

most favored nation clause

[Paris Club]

clusula de la nacin ms favorecida

clusula NMF

MFN clause

most immediately impacted countries

[IBRD]

pases ms inmediatamente afectados

MIA

MIICs
MIIs

most seriously affected countries

pases ms gravemente afectados

[UN]
MSAs

most

la mayor parte

[IMF]

most-favored-nation treatment, general

trato general de nacin ms favorecida

moving average

media mvil
promedio mvil

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moving peg

paridad mvil

[exchange rates]

paridad variable
tipo de cambio variable

multicollinearity
[statistics]

colinealidad
colineacin mltiple

multicountry balance of payments summation

recapitulacin multinacional de datos de balanza de pagos

Multi-Country Demobilization and Reintegration Program

Programa Multinacional de Desmovilizacin y Reintegracin para la

[Africa]

Regin de los Grandes Lagos

MDRP

multicurrency loan

prstamo en varias monedas

prstamo multidivisa

multicurrency peg

tipo de cambio fijo frente a varias monedas

multicurrency pegging

determinacin del tipo de cambio en relacin con varias monedas

vinculacin a mltiples monedas

multi-currency reserve system

sistema de reservas en mltiples monedas

sistema de mltiples monedas de reserva

multilateral aid

ayuda multilateral

multilateral clearing arrangements

acuerdos multilaterales de compensacin

[GMBS]

multilateral consultation on global imbalances

consulta multilateral sobre los desequilibrios mundiales

multilateral credit line

lnea de crdito multilateral

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multilateral creditor

acreedor multilateral

multilateral currency union

unin monetaria multilateral

Multilateral Debt Relief Initiative

Iniciativa para el Alivio de la Deuda Multilateral

MDRI

IADM

multilateral development bank

banco multilateral de desarrollo

MDB

Multilateral Exchange Rate Model

[IMF]

modelo multilateral de tipos de cambio

modelo MERM

MERM

Multilateral Guarantee Fund

Fondo Multilateral de Garanta

[EC]

multilateral institution

institucin multilateral

Multilateral Investment Fund

Fondo Multilateral de Inversiones

[IDB]

FOMIN

MIF

Multilateral Investment Guarantee Agency

[World Bank Group]

Organismo Multilateral de Garanta de Inversiones

MIGA

MIGA

multilateral netting

compensacin multilateral

[securities settlement systems]

multilateral regional arrangements

acuerdos regionales de compensacin

[GMBS]

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multilateral settlement

pagos multilaterales
liquidaciones multilaterales

multilateral surveillance

supervisin multilateral

multilateral system of payments

sistema multilateral de pagos

multilateral trade agreement

acuerdo multilateral

[WTO]

acuerdo comercial multilateral

MTA
multilateral agreement
[WTO]

multilateral trade liberalization

liberalizacin del comercio multilateral

multilateral trade negotiations

negociaciones comerciales multilaterales

MTN

NCM

Multilateral Trade Organization

Organizacin Multilateral de Comercio

MTO

OMC

multilateral trading system

sistema multilateral de comercio

multinational enterprise

empresa multinacional

transnational enterprise

empresa transnacional

multinational trade negotiations

negociaciones comerciales multilaterales

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multi-option financing facility

servicio financiero con opciones mltiples

MOFF

servicios financieros con opciones mltiples

multi-option facility

[Gua de la deuda, 1993]

MOF
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]
multiple-option facility

multi-phase sampling

muestreo polifsico

multiple currency practice

prctica de tipos de cambio mltiples

multiple exchange rate practice

multiple effective exchange rate

tipos de cambio efectivos mltiples

multiple exchange rate system

sistema de tipos de cambio mltiples

multiple rate system

rgimen de tipos de cambio mltiples

multiple exchange rates

tipos de cambio mltiples

split exchange rates

tasas de cambio mltiples

multiple official exchange rates

tipos de cambio mltiples oficiales

[BPM6]

[MBP6]

multiple regression

regresin mltiple

multiple-speed recovery

recuperacin a mltiples velocidades

multispeed recovery

multiplier

multiplicador
[SCN93]

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multiplier effect

efecto multiplicador

multiproduct firm

empresa de produccin mltiple

empresa de produccin diversificada

multipurpose bank

banco universal

multiservice bank

multibanco

multiple bank

banco de operaciones generales

all-purpose bank
universal bank

multipurpose survey

encuesta con objetivos mltiples

multiregion econometric model

modelo economtrico multirregional

[IMF]

modelo MULTIMOD

MULTIMOD econometric model

multisector regulatory agency

organismo regulador multisectorial

MRA

multi-stage sampling

muestreo polietpico

multivariate analysis

anlisis multidimensional

multiyear arrangements

acuerdos plurianuales

[BOP]

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multiyear debt rescheduling arrangement

acuerdo de reprogramacin multianual de la deuda

[Paris Club]
MYRA

[Gua de la deuda, 1993]

ARMD

multiyear rescheduling arrangement

multiyear debt rescheduling agreement
multiyear debt rescheduling
multiyear rescheduling agreement

municipal bond

bono municipal

muni

ttulo municipal

Mutual Aid and Loan Guarantee Fund of the Entente Council

Fondo de Ayuda Mutua y de Garanta de Prstamos del Consejo de

[Council of the Entente]

Mutual Legal Assistance Treaties

la Entente

tratados de asistencia jurdica recproca

MLATs

mutual savings bank

banco mutualista de ahorro

MSB

mutual surveillance

supervisin mutua

mutually exclusive

mutuamente excluyentes

naive forecasting model

modelo simplista

naive model

naming and shaming

sealar y avergonzar

Naples terms

condiciones de Npoles

[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

Compilers and Users, 1993]

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narrowly defined money supply

dinero en sentido estricto

narrow money

medio circulante

transaction money

[Am. Lat.]
oferta monetaria en sentido estricto
base monetaria reducida

Nash equilibrium

equilibrio de Nash

national accounting

contabilidad nacional

national accounts

cuentas nacionales

National Association of Securities Dealers Automated

Sistema electrnico de cotizaciones de la Asociacin nacional de

Quotations system

negociantes de valores

[USA]
Nasdaq

National Commission on Fiscal Responsibility and Reform

Comisin Nacional de Responsabilidad y Reforma Fiscal

[USA]
Fiscal Responsibility and Reform Commission
Fiscal Commission
FC

national consolidation
[MPI]

national estimates

consolidacin nacional
consolidacin a nivel nacional

estimaciones de las autoridades nacionales

estimaciones proporcionadas por las autoridades nacionales

national frontiers

fronteras nacionales

[BOP]

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national income

ingreso nacional
renta nacional

national interest account

cuenta de inters nacional

national product

producto nacional

National Summary Data Page

pgina de datos nacionales resumidos

[SDDS]
NSDP

national treatment

trato nacional

[GATT]

national wealth

patrimonio nacional

national worth

nationalities of focus

nacionalidades de inters especial

NoF

Nationality of Focus initiatives

iniciativas sobre las nacionalidades de inters especial

NoF initiatives

iniciativas sobre nacionalidades de inters especial

iniciativas relativas a nacionalidades de inters especial

natural person

persona fsica

individual

particular
individuo

natural rate of growth

tasa natural de crecimiento

natural rate of interest

tasa de inters natural

natural interest rate

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natural rate of unemployment

tasa natural de desempleo

nonaccelerating inflation rate of unemployment

tasa de desempleo no aceleradora de los precios

NAIRU

nivel de desempleo no inflacionario

normal unemployment rate

nivel de desempleo no inflacionista

full-employment unemployment rate

warranted unemployment rate

natural resource based product

producto obtenido de la explotacin de recursos naturales

[GATT]

natural unwinding of the inventory cycle

giro natural del ciclo de inventarios

[WHD REO]

naturally occurring assets

activos de origen natural

near-program

cuasiprograma

negative externality

externalidad negativa

external diseconomy

deseconoma externa

negative pledge clause

clusula de obligacin negativa

[London Club]

clusula de abstencin

covenant of equal coverage

clusula de pignoracin negativa

negotiable order of withdrawal account

cuenta a la vista remunerada, a la vista con inters, corriente con

[USA]

inters

NOW account

negotiable security

valor negociable

marketable security

ttulo negociable

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neoclassical model

modelo neoclsico

neoclassical theory

net against each other

[BPM5]

cancelarse mutuamente
anularse mutuamente
[MBP5]
compensarse

net asset value

valor de los activos netos

NAV

valor neto de los activos

net asset value per share

valor patrimonial neto

net borrowing

endeudamiento neto
obtencin neta de prstamos
emprstitos netos
prstamos netos recibidos

net borrowing country

prestatario neto

net borrower

net capital formation

formacin neta de capital

net cash basis

en valores netos de caja

net cash income

ingreso lquido neto

ingreso neto de caja

net creditor country

acreedor neto

net creditor position

saldo acreedor neto

net credit position

posicin acreedora neta

[securities settlement systems]

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net cumulative allocation

asignacin acumulativa neta

net debit position

posicin deudora neta

[securities settlement systems]

net debtor country

deudor neto

net debtor fuel exporter

deudores netos exportadores de combustibles

net debtor position

saldo deudor neto

net domestic assets

activos internos netos

NDA

AIN

net domestic product

producto interno neto

NDP

PIN
producto interno, neto
[SCN93]

net earnings
[accounting]

net errors and omissions

resultados
resultado neto

errores y omisiones netos

net E&O

net exporting country

pas exportador neto

net exporter

net factor income

renta neta de los factores de produccin

ingreso neto de los factores de produccin

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net foreign assets

activos externos netos

NFA

AEN

net interest income

renta neta por concepto de intereses

[FSIG; MPI]

ingreso financiero neto

[GISF]

net international reserves

reservas internacionales netas

NIR

RIN

net lending

prstamo neto
[SCN]
prstamo neto concedido
concesin neta de prstamos
[GFS 1986]
financiamiento neto

net lending country

acreedor neto

net lender

prestamista neto

net material product

producto material neto

[centrally planned economies]

NMP

net national income

ingreso nacional neto

NNI

net national product

producto nacional neto

NNP

PNN

net of tax

deducidos los impuestos

descontados los impuestos

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net official holdings

tenencias oficiales netas

net operating balance

resultado operativo neto

[GFSM 2001]

net operational income

[MEFP]

ingreso neto por operaciones

[IMF]

net position

posicin neta

[MPI]

net present value of debt

[HIPC Initiative]
NPV of debt

valor presente neto de la deuda

valor neto actualizado de la deuda
VNA de la deuda
valor neto actualizado (VNA) de la deuda
[Gua de la deuda, 1993]

net present value of debt-to-export ratio

[HIPC Initiative]

razn valor presente neto de la deuda/exportacin

relacin entre el valor presente neto de la deuda y la exportacin

NPV of debt-to-export ratio

relacin entre el VPN de la deuda y la exportacin

PV/X

razn valor actual de la deuda/exportaciones

VA/E

net present value of debt-to-fiscal revenue target

meta para la relacin entre el VPN de la deuda y el ingreso fiscal

[HIPC Initiative]
NPV of debt-to-fiscal revenue target

net present value

valor presente neto

NPV

VPN
valor neto actualizado
VNA
valor actual neto

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net recording

contabilizacin en valores netos

[BPM5]

registro en cifras netas

[MBP5]
registro neto
[MBP5]

net reserves indicator

indicador de reservas netas

net SDR charges

cargos netos sobre las tenencias de DEG

[IMF]

net settlement system

sistema de liquidacin neta

[securities settlement systems]

NSS

net settlement

liquidacin neta

[securities settlement systems]

net taker of funds

prestatario neto de fondos

net worth of an economy

patrimonio de una economa

net worth

[MBP5]

net wealth position

valor neto

net wealth

patrimonio neto
riqueza neta
posicin de riqueza neta

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net worth

patrimonio

capital

patrimonio neto

net assets
owner equity
owners' equity
stockholder equity
equity

net yield

rendimiento neto

[securities]

net-back approach

mtodo de fijacin de precios tomando como base el valor neto de

netback pricing

mercado

[oil]

netting agreement

acuerdo de compensacin

[securities settlement]

netting by novation
[individual debt]

network externalities

compensacin por novacin

compensacin de saldos por novacin

externalidades de red

network effect

network industry

industria de red

New Arrangements to Borrow

Nuevos Acuerdos para la Obtencin de Prstamos

[IMF]

NAP

NAB
new agreements to borrow

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new classical macroeconomic model

nuevo modelo clsico

new classical model

new commercial bank money

nuevos prstamos de bancos comerciales

New Deal on Global Food Policy

Nuevo acuerdo para una poltica alimentaria mundial

New Deal for a Global Food Policy

New Development Bank

Nuevo banco de desarrollo

[World Bank]

new income model

nuevo modelo de ingresos

New International Economic Order

Nuevo orden econmico internacional

NIEO

new money bond

bono de fondos nuevos

[debt restructuring]
NMB

new money facilities

servicios de provisin de nuevos fondos

new money

nuevos fondos

[London Club]

nuevos recursos

new credit

nuevos crditos

fresh money

nuevos prstamos
recursos frescos

New Partnership for Africa's Development

Nueva Alianza para el Desarrollo de frica

NEPAD

NEPAD

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New Staff and Family Briefing Center

Centro de Informacin para Nuevos Funcionarios y sus Familiares

[IMF-HRD]

new trade theory

nueva teora del comercio internacional

New York commodity exchange

bolsa de productos de Nueva York

newly industrialized Asian economies

economas asiticas recientemente industrializadas

newly industrialized country

pas recientemente industrializado

NIC

newly industrialized economy

[IMF]

economa de reciente industrializacin

ERI

NIE

newly industrializing country

[IMF, OECD]

pas de reciente industrializacin

PRI

NIC

News Brief

nota informativa

[IMF document series; NB/...]

NB

ninja loan

prstamo ninja

NINJA
no income, no job, no asset
No-income no-job no-asset verification loan

nominal anchor
[exchange policy; monetary policy]

anclaje nominal
ancla nominal

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nominal balance

saldo nominal

[budget]

nominal effective exchange rate index

ndice del tipo de cambio efectivo nominal

NEER index

nominal effective exchange rate

tipo de cambio efectivo nominal

NEER

nominal exchange rate

tipo de cambio nominal

NER

nominal fiscal balance

saldo fiscal nominal

nominal GDP

PIB nominal

money GDP
current-price GDP
GDP at current prices

nominal income

ingreso nominal
renta nominal

nominal interest rate

tasa de inters nominal

stated interest rate

inters nominal

nominal interest

nominal protection

[SCN93]

proteccin nominal

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nominal value

valor nominal

money value

valor facial

par value

denominacin

face value
denomination

nominee account
[money laundering]

nonacceleration clause

cuenta a nombre de un tercero

cuenta a nombre de interpsita persona

clusula de no caducidad de plazos

[ARG]

nonaccrual loan

prstamo improductivo

nonaccruing loan

activo improductivo

problem loan

crdito improductivo

nonaccrual asset
nonaccrual credit

nonaccrual status, country on

pas cuyos prstamos son declarados improductivos (y no devengan

nonaccrual country

intereses)

nonagency securitized mortgage

prstamo hipotecario titulizado por un organismo no federal

nonautonomous pension fund

caja de pensin no autnoma

[MEFP]

nonbank bank

institucin cuasibancaria

near bank

nonbank financial institution

institucin financiera no bancaria

NBFI

sociedad financiera no bancaria

nonbank financial corporation

IMF GLOSSARY WEB 2015 English Spanish

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nonbank financing

financiamiento no bancario

nonbanks

entidades no bancarias
instituciones no bancarias
sector no bancario

non-banks

instituciones financieras no bancarias

nonborrowed reserves

reservas propias

own reserves
owned reserves

nonborrowing program

programa sin financiamiento

[IMF]

noncapital goods

bienes, excluidos los bienes de capital

bienes que no son de capital

noncash economy

economa desmonetizada

noncash issuance (of government securities)

emisin (de valores pblicos) sin contrapartida monetaria

noncash transactions

transacciones que no entraan efectivo

[BPM5; GFSM]

transacciones que no entraan el uso de efectivo

[MEFP]

noncommercial transaction
[BPM5]

noncompetitive bid
[securities auctions]

transaccin no comercial
[MBP5]

oferta sin cotizacin de precio

oferta no competitiva
oferta fuera de concurso

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non-compliant

disconforme

[BIS]

no conforme
incumplido

noncomplying disbursement

desembolso improcedente

noncomplying purchase

compra improcedente

[IMF]

nonconcessional terms

condiciones no concesionarias

nonconcessionary flow

flujo de capital no concesionario

nonconcessional flow

flujo de capital de carcter no concesionario

corriente no concesionaria
corriente de capital no concesionaria

nonconditional grant

subvencin incondicional

unconditional grant

transferencia incondicional

non-conforming mortgage

prstamo hipotecario no convencional

hipoteca no estndar

nonconvertible currency

moneda no convertible

noncooperation

no cooperacin
falta de cooperacin

noncore bank

banco secundario

IMF GLOSSARY WEB 2015 English Spanish

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non-debt-generating flow

flujo de capital no generador de deuda

non-debt-creating flow

corriente de capital que no crea deuda

nondebt flow

flujo de capital no relacionado con la deuda

corriente de capital no relacionada con la deuda

nondedicated investor

inversionista no especializado

crossover investor

inversionista oportunista

nondurable good

bien no duradero
bien consumible
bien no durable
[SCN93]

nonearning asset

activo improductivo

non-emerging market developing countries

pases en desarrollo que no son mercados emergentes

nonentitlement spending

gastos en prestaciones que no constituyen un derecho adquirido

nonequity financial flow

flujo financiero no destinado a inversin en participaciones de capital

flujo financiero no destinado a inversin en acciones

nonequity security

valores que no constituyen una participacin de capital

ttulo que no constituye una participacin de capital

nonfactor inputs

insumos no factoriales
insumos no atribuibles a factores

nonfactor payments

pagos no destinados a los factores de produccin

nonfactor services

servicios no factoriales
servicios no atribuibles a factores

IMF GLOSSARY WEB 2015 English Spanish

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nonfiler

contribuyente omiso

[taxation]

nonfinancial corporate and quasi-corporate enterprise sector

[GFS 1986]

no declarante

sector de empresas no financieras constituidas en sociedades y

cuasisociedades de capital

nonfinancial intangible assets

activos no financieros intangibles

nonfinancial intangibles

activos intangibles no financieros

nonfinancial public sector

sector pblico no financiero

[GFSM 2001; GMBS]

[MEFP]

NFPS

SPNF

nonfranc country

pas que no pertenece a la zona del franco

nonfuel exporters

exportadores de productos no combustibles

nongold reserves

reservas, excluido el oro

nongovernmental organization

organizacin no gubernamental

NGO

ONG

nongovernmental sector

sector no gubernamental

non-income poverty

pobreza no monetaria

nonindustrial and incidental sales

ventas no industriales y secundarias

[GFS 1986]

IMF GLOSSARY WEB 2015 English Spanish

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noninstitutional financial sector

sector financiero informal

informal financial sector

sector financiero paralelo

sector financiero no estructurado

noninterest expenditure
[budget]

gasto no correspondiente a intereses

gasto, excluidos los intereses

noninterest expenses

gastos no financieros

non-interest-bearing

que no devenga inters

no remunerado
improductivo
sin intereses

nonlabor cost

costos no salariales
costos no laborales

nonlife insurance
[BOP]

seguros excepto los de vida

seguro no de vida

non-linear regression

regresin no lineal

nonmarket activity

actividad ajena al mercado

nonmarket economy

economa no basada en principios de mercado

economa controlada
economa dirigida

nonmarket establishment
[GFSM 2001]

nonmarket output

establecimiento no de mercado
[MEFP]

produccin no de mercado

IMF GLOSSARY WEB 2015 English Spanish

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nonmatching grant

subvencin sin contrapartida

[public finance]

nonmember country

subvencin no compensatoria

pas no miembro

[IMF]

nonmonetary capital

capital no monetario

nonmonetary financial institution

institucin financiera no monetaria

nonmonetary gold

oro no monetario

[BPM5; BPM6; GMBS]

[MBP5; MBP6]

nonmonetary international organization

organizacin internacional no monetaria

nonnegotiable security

valor no negociable

nonmarketable security

ttulo no negociable

nonobservance

inobservancia

[IMF]

incumplimiento

noncompliance

nonoil deficit

dficit del sector no petrolero

non-oil developing country

pas en desarrollo no petrolero

NODC

PDNP

non-oil GDP

PIB no petrolero
PIB, excluido el petrleo

non-oil Middle Eastern country

pas no petrolero del Oriente Medio

IMF GLOSSARY WEB 2015 English Spanish

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non-oil primary deficit

dficit primario no petrolero

NOPD

dficit primario excluido el petrleo

non-oil primary producing country

pas no petrolero de produccin primaria

nonparametric model

modelo no paramtrico

nonparticipant in the SDR Department

no participante en el Departamento de DEG

[IMF]

nonparticipating preferred share

accin preferente que no entraa participacin

nonperformance

incumplimiento

[contracts]

nonperforming loan ratio

morosidad de la cartera de crdito

nonperforming loan

prstamo en mora

[BPM6; FSIG]
NPL
nonperforming asset
[FSIG]
nonperforming credit

[GISF; MBP6]
prstamo moroso
[MBP6]
prstamo en situacin de incumplimiento
prstamo en situacin irregular
cartera irregular
prstamo no redituable
cartera vencida
prstamo no rentable
prstamo improductivo
[GISF]
activo improductivo
[MBP6]

IMF GLOSSARY WEB 2015 English Spanish

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nonprofit institution

institucin sin fines de lucro

NPI

sociedad sin fines lucrativos

nonprofit organization

institucin sin nimo de lucro

NPO

[COL]

nonprofit body

nonprofit institutions serving households

instituciones sin fines de lucro que sirven a los hogares

NPISH

ISFLSH

non-profit institutions

instituciones sin fines de lucro

NPIs

nonpublic sector

sector no pblico

nonpublic utilities

servicios pblicos prestados por empresas privadas

non-reciprocity

falta de reciprocidad

nonrecourse financing

financiamiento sin posibilidad de recurso

[BIRF]
financiamiento de rembolso limitado
[GATT]

nonrecurrent expenditure

gasto extraordinario

nonrecurrent expense

gastos extraordinarios

nonrecurrent outlay

nonrecurrent levies on property

gravmenes extraordinarios sobre la propiedad

[GFSY]

IMF GLOSSARY WEB 2015 English Spanish

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nonrecurrent revenue

ingreso extraordinario

nonrecurrent receipt

ingresos extraordinarios

nonrecurrent income

nonrecurrent taxes on property

impuestos no permanentes sobre la propiedad

[GFSY]

nonreserve capital
[BPM5]

capital que no constituye reservas

capital que no es de reserva
[MBP5]

nonreserve claim

activo que no constituye reservas

activo no incluido en las reservas

nonreserve currencies

monedas que no constituyen monedas de reserva

monedas no utilizadas como reserva

nonresidents

no residentes

nonsalary earner

no asalariado

non-singular matrix

matriz no singular

non-standard operations

operaciones atpicas

nonsystematic risk

riesgo no sistemtico

idiosyncratic risk

IMF GLOSSARY WEB 2015 English Spanish

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nontariff measure

medida no arancelaria

nontariff

barrera no arancelaria

NTM

obstculo no arancelario

nontariff barrier
NTB

nontax revenue
[GFSY; GFSM]

ingreso no tributario
[MEFP]
ingresos no tributarios

nontradable goods

bienes no transables

nontradables

bienes no comerciables
bienes no exportables o importables
bienes no comercializables

nontradable sector

sector de bienes no transables

nontraded good

bien no comerciado
bien no comercializado
bien que no es objeto de comercio exterior

non-UMP countries

pases que no aplican polticas no convencionales

nonwage awards

prestaciones no salariales
prestaciones complementarias

nonwage income

ingreso no salarial

nonwage labor costs

costos no salariales de la mano de obra

costos laborales indirectos
costos indirectos de la mano de obra

IMF GLOSSARY WEB 2015 English Spanish

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norm for remuneration

norma de remuneracin

[IMF]

normal distribution curve

curva de distribucin normal

bell curve

curva campaniforme

bell-shaped curve

curva acampanada

Gaussian curve
normal probability curve

normal variable

variable normal

normality

normalidad

[statistics]

normalize

normalizar

[measurement]

normalized unit labor cost

costo unitario normalizado de la mano de obra

costo unitario normalizado del trabajo

normative economics

economa normativa

North American Division

Divisin de Amrica del Norte

[WHD/NB]

North American Free Trade Agreement

Tratado de Libre Comercio de Amrica del Norte

NAFTA

TLCAN
NAFTA

North Sea Offshore Authorities Forum

Foro de las autoridades competentes en materia de instalaciones

NSOAF

marinas de de los pases del Mar del Norte

NSOAF

IMF GLOSSARY WEB 2015 English Spanish

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Northeastern Division

Divisin de Europa Nororiental

[EUR/NE]

Northern Division

Divisin de Europa Septentrional

[EUR/NO]

nostro account

cuenta nostro

due from foreign bank demand account

our balances with them
due from balances

not applicable

no se aplica

n.a.

n.a.
no aplicable

not available

no disponible

n.a.

n.d.
dato no disponible

not elsewhere classified

[GFSM]
n.e.c.

no clasificado en otra parte

[MEFP]
n.c.o.p.
no clasificado separadamente
n.c.s.
n.e.p.

not elsewhere specified

no especificado en otra parte

n.e.s.

n.e.o.p.
no especificado separadamente
n.e.s.

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not for public use

reservado para uso interno

[IMF information security]

for internal use
[sometimes]

not included elsewhere

no incluido en otra parte

n.i.e.

n.i.o.p.
no incluido separadamente
n.i.s.

not separately recorded

no registrado separadamente

n.s.r.

n.r.s.

note issuance facility

servicio de emisin de pagars

NIF

SEP

note purchase facility

note purchase agreement

Acuerdo de Compra de Pagars

NPA

ACP

notice of award

aviso de adjudicacin

[GA]

notice of failure to fulfill obligations

notificacin de incumplimiento de las obligaciones

[IMF]

notification system

sistema de notificacin

[IMF, exchange arrangements]

IMF GLOSSARY WEB 2015 English Spanish

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notional

ficticio
hipottico
terico
imaginario
nocional

notional amount of a financial derivative contract

monto hipottico

notional amount

notional bond

bono ficticio
bono hipottico
bono nocional

notional drawing right

derecho de giro hipottico

[IMF]

notional government bond

obligacin hipottica del Estado

notional institutional unit

unidad hipottica

notional unit

unidad terica
unidad ficticia

null hypothesis

hiptesis nula

null, the

numeraire

numerario
unidad de cuenta

numerical analysis

clculo numrico

[mathematics]

objective function

funcin-objetivo

IMF GLOSSARY WEB 2015 English Spanish

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Objectives and Principles for Regulation of Securities

Objetivos y principios para la regulacin de los mercados de valores

[IOSCO]

obligor
[debt restructuring]

deudor
prestatario

obligator

obsolescence

obsolescencia
[SCN93]
desuso
[MBP5]

Occasional Paper

estudio de la serie "Occasional Papers"

[IMF]

odd lot

unidad de contratacin inferior a la normal

OECD Principles of Corporate Governance

Principios de la OCDE para el Gobierno de las Sociedades

off-balance sheet liability

pasivo fuera del balance

pasivo instrumentado fuera del balance

off-balance-sheet item

partida complementaria

below-the-line item

partida extraordinaria

off-balance-sheet account

partida no incluida en el balance general

partida por debajo de la lnea

off-budget transaction

operacin extrapresupuestaria

off-budget activity

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office audit

auditora basada en archivos

desk audit

verificacin documental

documentary audit

inspeccin a distancia

off-site supervision
off-site inspection

Office in Geneva

Oficina de Ginebra

[IMF]
GEN

Office of Budget and Planning

Oficina de Presupuesto y Planificacin

[IMF-OMD]
OBP

Office of Executive Directors

Oficinas de los Directores Ejecutivos

[IMF]
OED

Office of Executive Secretary, Joint Development Committee

[IMF-OED]

Oficina del Secretario Ejecutivo del Comit Ministerial Conjunto para

el Desarrollo

DC
JDC

Office of Internal Audit and Inspection

Oficina de Auditora e Inspeccin Internas

[IMF-OMD]
OIA

Office of Technical Assistance Management

Oficina de Gestin de la Asistencia Tcnica

[IMF-OMD]
OTM

Office of the Deputy Managing Director

Oficina del Subdirector Gerente

[IMF-OMD]

IMF GLOSSARY WEB 2015 English Spanish

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Office of the Director General for Development and

Oficina del Director General de Desarrollo y Cooperacin Econmica

International Economic Co-operation

Internacional

[UN]

Office of the First Deputy Managing Director

Oficina del Primer Subdirector Gerente

[IMF-OMD]

Office of the Managing Director

Oficina del Director Gerente

[IMF]
OMD

officer in charge

encargado de ...

Offices in Europe

Oficinas del FMI en Europa

[IMF]
EUO

official borrowers

prestatarios en fuentes oficiales

paises prestatarios en fuentes oficiales

official capital flows

flujos oficiales de capital

official flows

flujo de capital oficial

official financial flows

official community

instituciones oficiales

official creditor

acreedor oficial

official debt

deuda oficial
deuda frente a acreedores oficiales

IMF GLOSSARY WEB 2015 English Spanish

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official development assistance

asistencia oficial para el desarrollo

[Debt Guide, 1993; OECD]

[Gua de la deuda, 1993]

ODA

AOD

official development bank

banco oficial de desarrollo

[Debt Guide, 1993; External Debt Statistics: Guide for

[Gua de la deuda, 1993]

Compilers and Users, 1993]

official exchange rate

tipo de cambio oficial

official holdings

tenencias oficiales

official multilateral debt renegotiation

renegociacin multilateral de la deuda oficial

official sector involvement

participacin del sector oficial

OSI

official sector

sector oficial

[BPM5]

[MBP5]

official settlement balance

saldo segn liquidaciones oficiales

balanza segn liquidaciones oficiales

official traveler

viajero en misin oficial

[BPM5]

official value
[customs]

valor fijado por la aduana

aforo aduanero

posted value

aforo fijado por la aduana

administrative value

valuacin oficial

standard value

IMF GLOSSARY WEB 2015 English Spanish

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officially guaranteed trade-related claims

crditos con garanta oficial relacionados con el comercio exterior

officially supported export credit

crdito a la exportacin con respaldo oficial

[Debt Guide, 1993; External Debt Statistics: Guide for

Compilers and Users, 1993]

offset agreement

acuerdo de compensacin

[trade]
offset

offsetability on the market

compensabilidad en el mercado

offsetting entry

asiento compensatorio

[BPM5]

asiento de contrapartida

balancing entry
contra entry
offset

offsetting tax measures

medidas tributarias compensatorias

offshore bank

banco extraterritorial

offshore deposit taker

banco +offshore+
institucin de depsito +offshore+

offshore banking center

centro bancario extraterritorial

centro bancario +offshore+

offshore banking unit

unidad bancaria "offshore"

OBU

unidad bancaria extraterritorial

UBE

offshore cost

costo de fabricacin en el extranjero

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offshore financial center assessment report

informe de evaluacin de centros financieros offshore

OFC assessment report

offshore financial center

[BPM6; Debt Guide, 1993; BPM6 Annoted Outline; External
Debt Statistics: Guide for Compilers and Users, 1993]

centro financiero extraterritorial

[MBP6; Gua de la deuda, 1993]
centro financiero +offshore+

OFC

offshore financial centers

centros financieros +offshore+

OFCs

offshore financial market

mercado financiero extraterritorial

mercado financiero +offshore+

offshore fund

fondo offshore

offshore processing industry

maquiladora

offshore enterprise

empresa maquiladora

offshore processing

maquila

offshore assembly

montaje de material fabricado en otro pas

ensamblaje en el extranjero
ensamblado en el extranjero

offshoring

relocalizacin
relocalizacin de procesos productivos en zonas geogrficas que
ofrecen ventajas competitivas
movilidad transterritorial

IMF GLOSSARY WEB 2015 English Spanish

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off-track

descarrilado
mal encaminado
desviado de sus metas
desviado de su curso

oil bill

costo total del petrleo importado

costo de las importaciones de petrleo

oil curse

maldicin del petrleo

oil element

componente relativo al petrleo

[CCFF]

Oil Facility
[IMF; IFS]

oil intensity

Servicio Financiero del Petrleo

servicio del petrleo

intensidad energtica
intensidad energtica medida como consumo de petrleo por cada
unidad de PIB

oil producing countries

pases productores de petrleo

OPC

oil revenue

ingresos del petrleo

oil-exporting country

pas exportador de petrleo

oligopoly

oligopolio

oligopsony

oligopsonio

IMF GLOSSARY WEB 2015 English Spanish

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Ombudsman

+Ombudsman+

[IMF]
Ombudsperson

omitted transaction
[BPM5]

Omnibus (Trade) Law

transaccin omitida
[MBP5]

Ley General (de Comercio)

[USA]

on an annual basis

elevado a cifras anuales

annualized basis, on an

en cifras anualizadas

full-year basis, on a

tomando como base el ao completo

con base anual

once-for-all transaction

transaccin nica

one-crop economy

economa de monocultivo

single-crop economy

one-stop shop

ventanilla nica

one-stop window

oficina centralizadora

one-tailed test

prueba a un extremo

[statistics]

prueba unilateral

one-sided test
single-tailed test

one-year budget rule

principio de anualidad presupuestaria

annuality
[IMF]

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onlending cost

costo de los reprstamos

costo de intermediacin

on-lending of borrowed funds

reprstamo de fondos prestados

onlending

reprstamo

online access

acceso +on-line+
acceso en lnea
acceso directo

online course

curso en lnea

[IMF-INS]

online filing

declaracin de impuestos a travs de Internet

[taxes]
webfiling

online information network

red de informacin de acceso +online+

red de informacin de acceso en lnea
red de informacin de acceso directo

Online Registration System

Sistema de Reservas por Internet

[IMF]

onshore bank

banco sujeto a la reglamentacin nacional

on-the-job training

capacitacin prctica en el empleo

OJT

capacitacin prctica en el trabajo

on-track

bien encaminado
encarrilado

IMF GLOSSARY WEB 2015 English Spanish

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opacity

opacidad

open capital account

cuenta de capital abierta

[IMF]

open data platform

apertura de la cuenta de capital

plataforma de datos abierta

ODP

open economy

economa abierta

open foreign exchange position

posicin cambiaria en descubierto

posicin abierta en divisas

open inflation

inflacin abierta
inflacin manifiesta

open interest parity

paridad de tasas de inters sin cobertura

uncovered interest parity

paridad de intereses no cubierta

UIP

open lending policy

poltica liberal de crdito

open market

mercado abierto

open market operation

operacin de mercado abierto

OMO

open market price

precio de mercado abierto

precio de libre competencia

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open position

posicin abierta
posicin en descubierto

Open Society Institute

Open Society Institute

OSI

open unemployment

desempleo abierto
desempleo manifiesto
desempleo declarado

open-end grant
[public finance]

open-end mutual fund

mutual fund

subvencin de monto indeterminado

subvencin ilimitada

fondo comn de inversin

[MBP5; MBP6]

unit trust

fondo de inversin colectiva

[GBR]

fondo de inversiones abierto

open-end investment company

sociedad de inversin mobiliaria (con capital variable)

open-end investment trust

fondo comn de inversin

open-end investment fund

opening asset

[MBP5; MBP6]

activo al inicio del ejercicio

activo de apertura

opening balance sheet

balance de apertura

opening liability

pasivo al inicio del ejercicio

pasivo de apertura

opening remarks

palabras de apertura

openness

apertura

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operating account

cuenta de operaciones
[Gua de la deuda, 1993]
cuenta de explotacin

operating balance

resultado operativo

operating profit or loss

resultado de operaciones

operating position

saldo operativo
saldo de operacin
resultado de explotacin

operating budget

presupuesto operativo
presupuesto operacional
presupuesto de operaciones
presupuesto de explotacin
presupuesto de operacin

operating costs
[MPI]
operational costs
[MPI]

costos de operacin
costos de operaciones
costos operativos
costos de explotacin

operating deficit

dficit de explotacin

operating loss

dficit de operacin
dficit de operaciones
prdida de operacin

operating income
[FSIG]
operational income

ingresos de explotacin
ingresos de operacin
ingresos de operaciones
ingreso por operaciones
[GISF]

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operating lease

arrendamiento operativo

operating leasing

arrendamiento de explotacin

operational lease

arrendamiento de operacin

operational leasing

contrato de arrendamiento operativo

operating liability

pasivo de operaciones

operating surplus

supervit de explotacin
excedente de explotacin
supervit de operacin

operating target

meta operativa

operation

operacin

[finance]

operational budget

presupuesto de operaciones

[IMF]

operational charge

cargo por operaciones

operational expenses

gastos por operaciones

[IMF]

operational fiscal balance

saldo operativo

operational balance

saldo operacional
saldo fiscal operativo
saldo fiscal operacional

Operational Guidelines for the Data Template on International

+Directrices operativas para la planilla de declaracin de datos

Reserves and Foreign Currency Liquidity

sobre las reservas internacionales y la liquidez en moneda

[IMF-STA]

extranjera+

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operational risk

riesgo operativo

operational staff

personal de operaciones

[IMF]

operations account

cuenta de operaciones

[franc zone]

Operations and Maintenance Section

Seccin de Operaciones y Mantenimiento

[TGS/DF/OM]

Operations Division

Divisin de Operaciones

[SEC/OP]

Operations Evaluation Department

Departamento de Evaluacin de Operaciones

[WB]
OED

operations research

investigacin operativa

O.R.

investigacin operacional

OR

Operations Wing

rea de Operaciones

[IMF-AFR]

opportunity cost
[SNA93]

opt back in
[SDR]

costo de oportunidad
[SCN93]

ejercer la opcin de reintegro

optar por volver a recibir

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opt out

ejercer la opcin de rechazo

[SDR]

optimal currency area

[EMS]

optar por no recibir

zona monetaria ptima

ZMO

OCA
optimum currency area
[EMS]

optimization of Fund reserve management

optimizacin de la gestin de las reservas del FMI

optimum search strategy

estrategia de bsqueda ptima

option contract

contrato de opcin

option

opcin

option exchange

mercado de opciones

option price

prima de una opcin

option premium

precio de una opcin

option writer

emisor de una opcin

writer of the option

emisor de la opcin

optional tranche

tramo opcional

[IMF]

options approach

men de opciones

order book

cartera de pedidos
libro de pedidos

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order instrument

instrumento a la orden

order paper

ttulo a la orden

order of magnitude

orden de magnitud

order statistics

estadsticas ordinales

order-driven market

mercado dirigido por rdenes (subasta)

auction market

order-driven system

sistema dirigido por rdenes

orderly liberalization of capital movements

liberalizacin ordenada de los movimientos de capital

orderly marketing arrangement

acuerdo de comercializacin ordenada

OMA
orderly marketing agreement

orderly underlying conditions

condiciones fundamentales ordenadas

[AA]

ordinary least squares

[statistics]

mnimos cuadrados ordinarios

MCO

OLS

ordinary resources

recursos ordinarios

[IMF]

Organisation for Economic Co-operation and Development

Organizacin para la Cooperacin y el Desarrollo Econmicos

OECD

OCDE

Organization for Economic Cooperation and Development

[IMF]

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Organization for the Harmonization in Africa of Business Law

Organizacin para la Armonizacin de la Legislacin Empresarial en

OHADA

frica

Organization of African Unity

Organizacin de la Unidad Africana

OAU

OUA

Organization of American States

Organizacin de los Estados Americanos

OAS

OEA

Organization of Arab Petroleum Exporting Countries

Organizacin de Pases Arabes Exportadores de Petrleo

OAPEC

OPAEP

Organization of the Petroleum Exporting Countries

Organizacin de Pases Exportadores de Petrleo

OPEC

OPEP

organizational chart

organigrama

organization chart

organized financial derivatives exchange

bolsa organizada de instrumentos financieros derivados

organized exchange

bolsa organizada

original issue discount bond

bono emitido con descuento

OID

descuento de emisin original

original maturity

vencimiento inicial

[BPM6; Debt Guide, 1993; BPM6 Annoted Outline; External

Debt Statistics: Guide for Compilers and Users, 1993]
initial maturity

vencimiento original
[Gua de la deuda, 1993; BPM6]
plazo de vencimiento inicial
plazo de vencimiento original

original member

pas miembro fundador

[IMF]

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originate and hold model

modelo "originar y retener"

O&H

originate to distribute model

[USA]

modelo de originacin y distribucin

estrategia de originacin y distribucin

originate and distribute model

originate and distribute strategy

originating lender

prestamista originante

originator

orthogonal regression

regresin ortogonal

other (monetary policy framework)

otros marcos

[IMF monetary policy framework classification system, 2006]

other conventional fixed peg arrangements

otros regmenes convencionales de tipo de cambio fijo

[IMF exchange rate classification system, 2006]

other depository corporations

otras sociedades de depsito

ODC

otras corporaciones de depsito

other financial intermediaries

otros intermediarios financieros

OFI

other holder of SDRs

otro tenedor de DEG

[IMF]

outbreak

brote

outflow of capital

salida de capital

capital outflow

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outgoing chairman

presidente saliente

outgoing official

funcionario saliente
funcionario que deja su puesto
funcionario que llega al fin del mandato

outgoings

desembolsos

outlay(s)

gastos
egresos

outlay overrun

exceso sobre la asignacin presupuestaria

[budget]

outlier
[FSIG]

valor atpico
cifra atpica
dato atpico
elemento atpico
[GISF]

out-of-lineness

desajuste entre la cuota relativa calculada y la cuota relativa efectiva

[IMF]

out-of-the-money option
[options]

no rentable
fuera de dinero
con valor cero

output

producto
produccin

output capacity

capacidad de produccin

output comovement

comovimiento del producto

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output gap

brecha del producto

production gap

brecha de produccin
brecha entre el producto efectivo y el potencial
diferencia entre la produccin efectiva y la produccin potencial
brecha entre el producto tendencial y el efectivamente observado

output synchronization

sincronizacin del producto

outreach program

programa de consultas

[IMF]

programa de divulgacin

outreach seminar

seminario de divulgacin

outreach session

sesin de consulta
sesin de informacin

outright gift

regalo propiamente dicho

Outright Monetary Transactions

Operaciones Monetarias de Compraventa

OMT

OMC

outright purchase

compra directa

[IMF]

outside money

dinero originado por presiones ajenas al banco central

outsourcing

tercerizacin

vendorization
contracting out

[Am. Lat.]
externalizacin
[ESP]
contratacin de servicios con terceros
subcontratacin

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outstanding bonds

bonos en circulacin

outstanding securities

valores en circulacin

[BPM5]

[MBP5]

outstanding borrowing

emprstitos pendientes de reembolso

outstanding claim

crdito vigente

outstanding debt

deuda pendiente
deuda viva
saldo de la deuda

outstanding debt by type of debt holder

deuda pendiente por tipo de tenedor

outstanding debt by type of debt instrument

deuda pendiente por tipo de instrumento

outstanding drawings (on the Fund)

giros (contra el FMI) pendientes de reembolso

outstanding Fund credit

crdito del FMI pendiente de reembolso

outstanding use of Fund credit

saldo del crdito del FMI

outstanding interest

intereses pendientes
intereses por pagar

outstanding liabilities

saldo de los pasivos

outstanding stock of liabilities

saldo total de pasivos

obligaciones pendientes

outstanding loans

prstamos pendientes de reembolso

prstamos pendientes no amortizados
saldo de los prstamos

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outstanding obligation

obligacin pendiente

outstanding public debt

saldo de la deuda pblica

outstanding government debt

deuda pblica pendiente

deuda pblica viva

outstanding purchases

compras pendientes de recompra

[IMF]

outward direct investment

inversiones en el exterior

outward

inversin de residentes en el extranjero

outward investment

outward-looking policy

[MBP5]

poltica econmica orientada hacia el exterior

poltica econmica de apertura al exterior
poltica de fomento de las exportaciones

outward-oriented economy

economa orientada hacia el exterior

outward-looking economy

economa abierta al exterior

outward-oriented growth strategy

estrategia de crecimiento orientada hacia el exterior

estrategia de crecimiento basada en el fomento de las exportaciones

outyear

ejercicio posterior

[multiyear budgeting]

overall balance of payments

[BPM5]

balanza global
[MBP5]

overall balance

balanza de pagos global

overall deficit

dficit global

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overall demand

demanda global

overall fiscal balance

resultado fiscal global

[GFSM 2001]
overall balance
[GFSM; IFS]

overall primary balance

[GFSM 2001]

[MEFP]
saldo fiscal global
saldo global

resultado primario global

[MEFP]

overall surplus

supervit global

overall trade restrictiveness index

ndice global de restriccin del comercio

OTRI

overdraft

sobregiro

overdraft against collateral of securities

descubierto garantizado con pignoracin de ttulos

giro en descubierto contra caucin de ttulos

overdraft checking account

cuenta corriente con autorizacin para girar en descubierto

overdraft credit

crdito en descubierto

overdraft facility

servicio de sobregiro

overdrawn check

cheque sin provision de fondos

cheque sin cobertura

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overdue

en mora
[IMF]
moroso
[IMF]
vencido
vencido y en mora
atrasado

overdue country

pas miembro con obligaciones financieras en mora

[IMF]

overdue financial obligation to the Fund

obligacin financiera en mora ante el FMI

[IMF]
overdue financial obligation

overdue payment to the Fund

pago en mora ante el FMI

[IMF]

overdue repurchase

recompra en mora
recompra vencida

overexposed bank

banco en situacin de riesgo excesivo

overexposure

concentracin excesiva de riesgos

volumen excesivo de prstamos

overhang effect

efecto de sobreendeudamiento

[debt]
stock effect

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overhead expenses

gastos generales

overhead
overhead costs

[GISF]
gastos fijos
gastos indirectos

overheating
[economics]

recalentamiento
[WHD REO]
recalentamiento de la economa
sobrecalentamiento de la economa
sobrecalentamiento
[WHD REO]

overindebtedness

sobreendeudamiento
exceso de endeudamiento

overinvoicing
[BPM5]

sobrefacturacin
datos sobrefacturados
[MBP5]

overnight credit

crdito da a da

overnight loan

dinero de un da para otro

overnight money

prstamo de un da para otro

overnight funds

fondos a un da

overnight interest rate swap

"swap" de tasas de inters a un da

overnight index swap

OIS

overprediction

sobrestimacin

overrepresented countries

pases sobrerrepresentados

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oversaving

sobreahorro
exceso de ahorro

Overseas Training Unit

Unidad de Capacitacin en el Exterior

[INS/AV/TR/OV]

oversee the international monetary system

supervisar el sistema monetario internacional

[AA]

overshooting

reajuste excesivo
reaccin excesiva
correccin excesiva

oversight

supervisin
fiscalizacin
control

Oversight Committee

Comit de Investigacin

[IMF]

overstaffing

exceso de personal

overmanning

exceso de empleo

overemployment

oversubscription

exceso de suscripcin

oversupply

exceso de oferta

excess supply

sobreoferta

overt devaluation

devaluacin manifiesta

overt subsidy

subvencin explcita

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over-the-counter dealing

transaccin extraburstil

over-the-counter financial derivative

instrumentos financieros derivados extraburstiles

OTC financial derivative

over-the-counter market
OTC

mercado extraburstil
[Gua de la deuda, 1993; GISF]
bolsn

over-the-counter option

opcin extraburstil

OTC option

over-the-counter stock

acciones negociadas fuera de la Bolsa

acciones negociadas en forma extraburstil

overvaluation

sobrevaluacin
sobrevaloracin

overvalued currency

moneda sobrevaluada
moneda sobrevalorada

own resources

recursos propios

own saving

ahorro propio

[GFS 1986]

own-account fixed capital formation

formacin de capital fijo por cuenta propia

own-account producer

productor por cuenta propia

[SNA 1993]

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own-account workers

trabajador por cuenta propia

[SNA 1993]

owners' equivalent rent

valor locativo

OER

ownership transfer
[SNA 1993]

traspaso de propiedad
transferencia de la propiedad
[SCN 93]

P5+1 nations

pases que integran el grupo P5+1

Pacific Division

Divisin del Pacfico

[WHD/PA]

Pacific Economic Cooperation Council

Consejo de Cooperacin Econmica del Pacfico

PECC

Pacific Financial Community

Comunidad Financiera del Pacfico

CFP

CFP

Pacific Financial Technical Assistance Centre

Centro de Asistencia Tcnica Financiera del Pacfico

PFTAC

Pacific Rim (countries)

Cuenca del Pacfico(, pases de la)

package

conjunto de medidas
paquete

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paid-up capital

capital desembolsado

paid-in capital

capital pagado
capital integrado
[ARG]

paid-up shares

acciones pagadas

paid-up stock

acciones integradas

full-paid stock

[[ARG]]

paired accounts

cuentas emparejadas

paired values

pares de valores

pan-African bank

banco panafricano

PAB

banco panafricano

pandemic

pandemia

panel expert

experto

[IMF-FAD, MAE]

panel regression

experto consultor

regresin de datos de panel

panel data regression

panel

panel

expert panel

panel de expertos
grupo de expertos
grupo de consultores

paper currency
paper money

papel moneda
[MBP5]

[BPM5]

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paper loss

prdida contable

unrealized loss
book loss

paper
[finance]

efectos
papeles comerciales
ttulos

par bond exchange

[debt restructuring]

par bond

canje de bonos a la par

operacin de canje de bonos a la par

bono a la par

[debt restructuring]

par exchange

cambio a la par
canje a la par

par value of currency

paridad

central parity
central parity rate

par value system

sistema de paridades

parallel contingency financing

financiamiento paralelo para contingencias

financiamiento paralelo para imprevistos

parallel economy

economa paralela

parallel exchange rate

tipo de cambio paralelo

parallel financing facility

servicio de financiamiento paralelo

[Japan]

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parallel financing

financiamiento paralelo

side financing

parallel market
[SNA93]

mercado paralelo
[SCN93]

parastatal

empresa paraestatal

parent bank

casa bancaria matriz

parent company

sociedad matriz

parent corporation

empresa matriz

parent enterprise

casa matriz

pari passu clause

clusula pari passu

[London Club]

clusula de igualdad de rango

Paris Agreement

Acuerdo de Paris

Louvre Agreement

Acuerdo del Louvre

Paris Club Secretariat

Secretara del Club de Pars

Paris Club

Club de Paris

[SNA93; Debt Guide 1993]

Club de Pars
[Gua de la deuda, 1993; SCN93]

Paris Declaration on Aid Effectiveness

Declaracin de Pars sobre la Eficacia de la Ayuda

Paris Office

Oficina del FMI en Pars

[IMF-EUR]
EUO/PA

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parity

paridad
[SCN93]
relacin de paridad

parity grid

parrilla de paridades

grid of parities

red de relaciones de paridad

grid

parsimonious conditionality

condicionalidad restringida

parsimony

condicionalidad de alcance limitado

principle of parsimony

partial convertibility

convertibilidad parcial

partial correlation

correlacin parcial

partial dollarization

dolarizacin parcial

de facto dollarization

dolarizacin de facto

partial interest forgiveness

condonacin parcial de los intereses adeudados

partial topping-up

aumento parcial del alivio

participant

participante

[IMF, SDR Department]

participation instrument

instrumento de participacin

participatory PRSP

proceso plenamente participativo de elaboracin del DELP

[PRGF]
full participatory PRSP

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partition function

funcin de particin

partnership

sociedad
sociedad colectiva
asociacin

Partnership for Capacity Building in Africa

Asociacin para el Fortalecimiento de las Capacidades en Africa

[IBRD]
PACT

Partnership for Sustainable Global Growth, Declaration on

[Interim Committee]

pass on

+Alianza para el crecimiento sostenible de la economa mundial+,

Declaracin sobre la

represtar

[lending]

passbook savings account

cuenta en libreta de ahorro

passbook account

cuenta en cartilla de ahorros

passenger services

servicios de pasajeros

[BPM5]

[MBP5]

pass-through basis, borrowing on a

transferencia inmediata, prstamo con

pass-through certificate

certificado de transferencia de prstamos

pass-through security

valor titulizado

pass-through funds

fondos en trnsito

pass-through of international prices

traspaso de los precios internacionales a los precios internos

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pass-through taxation

traslado

pass-through

traslacin del impuesto

shifting of tax

repercusin del impuesto

percusin del impuesto
transmisin

past due interest

intereses vencidos

PDI

past due loan

vencido
[MEFP]

PATS Unit

Unidad del Sistema de Seguimiento de Solicitantes y Participantes

[INS/AV/IF/PA]
Participant Applicant Tracking System Unit

pattern of trade

estructura del comercio

trade pattern

estructura de los intercambios comerciales

pay parity

paridad salarial

payable-through account

cuenta de transferencias de pagos en otras plazas

[money laundering]

[ALD/LFT]

pay-as-you-earn withholding

retencin del impuesto en la fuente

PAYE

retencin en la fuente
retencin en el origen

pay-as-you-go financing
[retirement; insurance]

financiamiento mediante el sistema de reparto

financiamiento con ingresos corrientes

PAYG
pay-as-you-earn financing

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pay-as-you-go system

rgimen de reparto

PAYG

sistema de reparto

unfunded system

rgimen de financiacin de los pagos con ingresos corrientes

unfunded pension plan

caja de pensin financiada sin constitucin de un fondo especial

[Balance of Payments Manual - 5th edition]

para pagos futuros

unfunded retirement scheme

sistema de jubilacin no basado en fondos asignados

pay-back period

perodo de recuperacin de la inversin

paying agency

organismo pagador

paying agent

organismo que efecta el desembolso

paying bank

banco pagador

payment

pago

payment arrears

atrasos en los pagos

[IMF]
arrears

atrasos
pagos atrasados
[SCN93]
atrasos de pagos
pagos en mora
mora

payment in kind

pago en especie

payment leads and lags

adelantos y atrasos en los pagos

payment order

orden de pago
autorizacin de pago

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payments restriction

restricciones de pagos
restricciones a los pagos

payroll tax

impuestos sobre sueldos y salarios

impuesto sobre la nmina
cotizaciones salariales
cargas sociales

payroll tax relief

reduccin de los impuestos sobre la nmina

Payroll Unit

Unidad de Liquidacin de Sueldos

[FIN/AX/PP/PA]

payroll
[GFSM]

nmina
[MEFP]
planilla de liquidacin de sueldos

peak

nivel mximo
nivel ms alto
cima del ciclo econmico
cresta

peer pressure

presin de los pares

presin social

peer review
[Publications]
group review

juicio de los pares

examen de los pares
presin de los pares
referato

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PEFA

Programa de gasto pblico y rendicin de cuentas financieras

Public Expenditure and Financial Accountability program

[IBRD]

[IBRD]

peg a currency to

fijar la paridad
vincular una moneda a
establecer un tipo de cambio fijo en relacin con

peg
[exchange rates]

unidad de referencia
moneda de referencia

pegged exchange arrangement

rgimen de tipo de cambio fijo

pegged exchange rate regime

rgimen cambiario fijo

pegged regime
currency peg
pegging

pegged exchange rate

tipo de cambio fijo

tipo de cambio fijo frente a otra moneda

pegged exchange rates within horizontal bands

tipos de cambio fijos dentro de bandas horizontales

[IMF exchange rate classification system, 2006]

penalty charge
[arrears]

penalty clause

cargo punitivo
comisin de penalizacin

clusula penal
clusula de penalizacin

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penalty interest rate

inters punitivo

penalty interest

inters punitorio

penalty rate

[Arg.]
inters de penalizacin

penalty rate
[fig.]

tasa disuasoria
tasa punitiva

punitive rate

pending claim

demanda pendiente

outstanding claim

pending litigation

litigio pendiente

Pension and Tax Unit

Unidad de Pensiones e Impuestos

[FIN/AX/PP/PT]

pension benefits

prestaciones jubilatorias
prestaciones de jubilacin

Pension Committee

Comisin de Jubilaciones

[IMF]
PC

pension parity adjustment system

sistema de ajuste del valor de las pensiones

pension plan

plan de jubilaciones

pension scheme

plan de pensiones
fondo de pensiones
caja de jubilaciones
caja de pensiones
sistema de jubilacin

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pension portability

transferibilidad

portability
pension transferability
transferability

pensionable salary

sueldo computable a efectos de la jubilacin

pensionable wage

salario computable a efectos jubilatorios

pent-up demand

demanda reprimida
demanda latente

People's Bank of China

Banco Popular de China

People's Bank
PBC
PBOC

per capita

per cpita

per head

por habitante

per night allowance

viticos

[IMF-HRD]

dietas

per diem

perceived risk
[FSIG]

riesgo percibido
[GISF]

percentage change

variacin porcentual

percentage point

punto porcentual

percentile

percentil

[statistics]

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perfect capital mobility

movilidad perfecta del capital

perfect competition

competencia perfecta

perfect foresight model

modelo de previsin perfecta

modelo de previsin absoluta

perfect substitute

sustituto perfecto

performance appraisal

evaluacin del desempeo

performance evaluation
performance assessment

performance bond

fianza de cumplimiento (de un contrato)

garanta de cumplimiento
garanta de ejecucin

performance budgeting system

presupuesto por resultados

performance-based budgeting

sistema presupuestario en base a resultados

performance budgeting
performance budget
output budget

performance criterion

criterio de ejecucin

[IMF]
PC

performance of financial obligations

cumplimiento de obligaciones financieras

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performance

resultado

[BPM5; GFSM]

[MBP5]
situacin
evolucin
trayectoria
desempeo
[MEFP]

performance-related contract

contrato vinculado a resultados

performance contract

contrato por resultado

management contract

contrato de gestin

development contract

contrato de desarrollo

performing loan

prstamo redituable

performing debt

prstamo productivo
prstamo en situacin regular
deuda al corriente

period of consent
[IMF quota increase]

plazo de aceptacin
plazo para notificar la aceptacin
plazo de notificacin del consentimiento

period of consolidation

perodo de consolidacin

periodic charges

cargos peridicos

[IMF]

periodic consultation

consulta peridica

[IMF]

periodicity

periodicidad (de los datos)

[IMF-EBB]

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periphery countries

pases de la periferia

euro area periphery

periferia de la zona del euro

perpetual bond

bono perpetuo

nonredeemable bond
nonmaturing bond
annuity bond
consol
[GBR]

perpetual floating rate note

pagar perpetuo con tasa de inters variable

pagar perpetuo con tasa de inters flotante

perpetual inventory method

mtodo de inventario permanente

PIM

sistema de inventario perpetuo

perpetual inventory system

mtodo de inventario perpetuo

Personal Assistant to the Managing Director

Asistente Personal del Director Gerente

[IMF-OMD]

personal consumption expenditure

gasto de consumo personal

PCE

gasto de consumo privado

private consumption expenditure

personal effects
[BPM5]

efectos personales
[MBP5]

personal property

personal exemption

deduccin por gastos personales o cargas de familia

[taxation]
personal allowance

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personal income tax

impuesto sobre la renta de las personas fsicas

PIT

IRPF

personal income

renta personal

[macroeconomics]

ingreso personal
renta de los particulares

personal property

bienes muebles

[taxation]

personal savings

ahorro personal
ahorro de los particulares

personal travel

viajes personales

[BOP]

Personnel Committee

Comite de Asuntos relativos al Personal

[IMF]

Personnel Manager, Senior

Gerente de Recursos Humanos

[IMF]
SPM

Personnel Payments Section

Seccin de Pagos al Personal

[FIN/AX/PP]

perverse effect

efecto perverso
efecto pernicioso

peso problem

problema del peso

petrodollar

petrodlar

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phase out

eliminar por etapas

abolir progresivamente

phased debt operations

operaciones escalonadas de (reprogramacin de la) deuda

phasing clause

clusula de escalonamiento

phasing of purchases

escalonamiento

[IMF]

[P45]

phasing

escalonamiento de las compras

Phillips curve

curva de Phillips

physical asset

activo fsico

real asset

activo material

tangible asset

physical capital

capital fsico

physical infrastructure

infraestructura fsica

physical product

producto fsico

[centrally planned economies]

pie chart

grfico circular
grfico sectorial
grfico de sectores
sectores circulares

PIGS countries

grupo de pases PIGS

GIPS

grupo integrado por Portugal, Irlanda, Grecia y Espaa

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pilot project

proyecto piloto

pioneer industry

industria de vanguardia
industria pionera

pipeline, in the

preparacin, en
tramitacin, en

place holder

partida provisoria

[budget]

placement

colocacin

[securities]

plain vanilla asset-backed security

valores bsicos respaldados por activos (plain vanilla)

vanilla ABS

ABS bsico

vanilla asset-backed security

Planning Team Unit

Unidad de Planificacin

[TGS/DF/PT]

planning-programming-budgeting system

sistema de planificacin, programacin y presupuestacin

PPBS

sistema de presupuesto planificado de programas

program-based budgeting system

SPPP

program budget

presupuesto por programas

program budgeting

presupuesto programa

plant and equipment

instalaciones y equipo

Plaza accord

Acuerdo del Plaza

Plaza agreement

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pledge

dar en garanta

[BPM5]

pignorar
[MBP5]
dar en prenda

pledged account

cuenta comprometida

pledged asset

prenda

pledge

activo dado en prenda

activo prendado
caucin
garanta
activo comprometido

pledged gold

oro en prenda

pledging conference

conferencia para anunciar contribuciones

[debt restructuring]

point estimate

estimacin puntual

point of valuation

punto de valoracin

point-in-time rating

calificacin PIT

PIT

policies and practices of the IMF

polticas y prcticas del FMI

policies and procedures of the Fund

polticas y procedimientos del FMI

policy advice

asesoramiento de poltica econmica

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policy Board paper

documento del Directorio sobre cuestiones de poltica

policy buffer

margen de maniobra para aplicar polticas anticclicas

Policy Communication Division

Divisin de Comunicaciones sobre Polticas

[EXR/PO]

policy framework paper

documento sobre parmetros de poltica econmica

[IMF-IBRD]
PFP

policy instrument

instrumento de poltica (econmica, monetaria, ...)

policy interest rate

tasa de inters de intervencin

policy rate

tasa de intervencin

policy-related rate

tasa de inters clave

tasa de inters bsica
tasa de inters indicativa
tasa de inters indicativa de la poltica monetaria
tasa de inters de poltica monetaria
[WHD REO]

policy issue
[IMF, Executive Board]

policy matrix

cuestin de poltica
cuestin de poltica econmica

matriz de poltica econmica

[PRSP]

policy mix

combinacin de medidas (de poltica econmica)

articulacin de las polticas

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Policy Monitoring Arrangement

Mecanismo de Seguimiento de las Polticas

PMA

MSP

policy of restraint

poltica de moderacin
poltica de austeridad
[+a veces+]

policy on enlarged access to the Fund's resources

[IMF]

poltica de mayor acceso a los recursos del FMI

poltica de mayor acceso

enlarged access policy

[IMF]
EAP

policy package

conjunto de medidas (de poltica)

programa de medidas
paquete de medidas

policy paper

documento de poltica

Policy Review Division

Divisin de Examen de Polticas

[SPR/PR]
PRD

policy shock

shock de poltica

policy statement

declaracin de poltica
declaracin de principios

Policy Support Instrument

[IMF]

Instrumento de Apoyo a la Poltica Econmica

IAPE

PSI

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policy variable

variable de poltica
variable de poltica econmica

Policy Wing

rea de Polticas

[IMF-AFR]

policy-based lending

prstamos en apoyo de polticas

[IBRD]
policy loans

policymaker

autoridad responsable de la poltica econmica

encargado de formular la poltica econmica
responsable de la poltica econmica

policymaking

formulacin de la poltica econmica

formulacin de polticas

political economy

economa poltica

political institutions

instituciones polticas

political price

precio poltico

politically exposed person

personas del medio poltico

PEP

PEP

polity index

ndice de organizacin poltica

polluter country

pas contaminador

[environment]

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pollution tax

tasa retributiva por contaminacin

[Col.]

polynomial function

funcin polinmica

Ponzi game

pirmide financiera de Ponzi

Ponzi scheme

pooling arrangement

acuerdo de mancomunacin de recursos

pooling of interests method

consolidacin de balances, mtodos de

[accounting]

population characteristics

caractersticas de la poblacin

[statistics]

population growth

crecimiento demogrfico

population parameters

parmetros de la poblacin

[statistics]

population pressure

presin demogrfica

demographic pressure

population pyramid

pirmide de poblacin

age pyramid

pirmide etaria
rbol de poblacin

population

poblacin

universe

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port services

servicios portuarios

[BPM5]

[MBP5]

portfolio assets

activos en cartera

portfolio balance approach

enfoque de equilibrio de cartera

portfolio balance channel

portfolio capital

capital de cartera

portfolio choice

seleccin de la cartera

portfolio choice theory

teora de la seleccin de carteras

portfolio composition

composicin de la cartera

portfolio debt flow

flujo de inversin de cartera en ttulos de deuda

flujo de inversin de cartera en activos de renta fija

portfolio equity flow

flujo de inversin de cartera en acciones

flujo de inversin de cartera en activos de renta variable

portfolio flow

flujo de inversin de cartera

portfolio insurance

cobertura de una cartera de acciones

portfolio investment

inversin de cartera

Portfolio Investment Survey

Encuesta coordinada sobre inversin de cartera

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portfolio management

gestin de la cartera

portfolio shift

reestructuracin de la cartera

portfolio reshuffling

cambio de composicin de la cartera

portfolio switching

Portugal, Ireland, Italy, Greece and Spain

grupo GIIPS

GIIPS

Portugal, Irlanda, Italia, Grecia y Espaa

PIIGS

grupo PIIGS

Portuguese Section

Seccin de Portugus

[TGS/LC/LP]

position

posicin
saldo
situacin

position in the Fund

posicin en el FMI

net Fund position

saldo neto en el FMI

Fund position

posicin neta en el FMI

position trading

especulacin a largo plazo

[futures]
swing trading

positive economics

economa positiva

positive externality

externalidad positiva

external economy

economa externa

positive feedback loop

cadena de interacciones positivas

interaccin positiva

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Post SCA-2 Administered Account

Cuenta Administrada Post CEC-2

Post-2015 Development Framework

marco para el desarrollo despus de 2015

Post-2015 UN Development Agenda

Agenda de Desarrollo Post-2015 de las Naciones Unidas

Post-2015 Agenda

post-activation review

examen posterior a la activacin

[CCL]

Post-Catastrophe Debt Relief Trust

Fondo Fiduciario para el Alivio de la Deuda despus de una

Catstrofe

Post-Catastrophe Debt Relief Trust Fund

Fondo Fiduciario para el Alivio de la Deuda despus de una

PCDR

Catstrofe
FFADC

Post-conflict and Natural Disaster Emergency Assistance

Cuenta de Subvencin para Asistencia de Emergencia a Pases en

Subsidy Account

Situacin de Posconflicto y para Catstrofes Naturales

Post-Conflict Emergency Assistance Subsidy Account for

Cuenta de Subvencin para Asistencia de Emergencia a Pases en

PRGF-eligible members

Etapa de Posguerra habilitados en el marco de la Iniciativa para los

PPME

post-conflict country

pas en situacin de posconflicto

Post-Conflict Reconstruction Fund

Fondo para la Reconstruccin de Pases en Etapa de Posconflicto

[IBRD]

Fondo Posconflicto

PCRF

posted price

precio anunciado

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post-ineligibility review

revisin ex-post de inhabilitacin

[IMF, overdue financial obligations]

revisin ex-post de la decisin de inhabilitacin

postpayment

pago diferido

[BPM5]

[MBP5]

post-program monitoring

seguimiento posterior a un programa

[IMF]
PPM

post-shortfall year

ao posterior a la insuficiencia

[IMF, compensatory financing]

potential for drawing

capacidad de giro

[IMF]

potential growth

crecimiento potencial
crecimiento posible

potential output

produccin potencial

[microeconomics]

Poverty and Social Impact Analysis Section

Seccin de Anlisis del Impacto Social y en la Pobreza

[FAD/EP/PA]

Poverty and Social Impact Analysis

poverty and social impact assessment

Anlisis del Impacto Social y en la Pobreza

[WB]

PSIA

AISP

poverty assessment

evaluacin del nivel de pobreza

determinacin del nivel de pobreza

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poverty line

lnea de pobreza

poverty income threshold

umbral de pobreza

poverty reducing expenditure

gasto en reduccin de la pobreza

PRE

gasto favorable a los pobres

pro-poor spending

gasto que contribuye a reducir la pobreza

Poverty Reduction and Economic Management Network

Red sobre Reduccin de la Pobreza y Gestin Econmica

PREM

Poverty Reduction and Growth Facility

[IMF]

Servicio para el Crecimiento y la Lucha contra la Pobreza

SCLP

PRGF

Poverty Reduction and Growth Trust

Fondo Fiduciario para el Crecimiento y la Lucha contra la Pobreza

PRGT

FFCLP

Poverty Reduction Strategy

estrategia de reduccin de la pobreza

PRS

ERP

Poverty Reduction Support Credit

crdito de apoyo a la lucha contra la pobreza

[World Bank]
PRSC

poverty trap

trampa de la pobreza

low-wage trap

power of variation

margen de interpretacin

[IMF]

PPP-GDP

PIB PPA

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PPP-GDP booster

complemento por PIB PPA

Precautionary and Liquidity Line

Lnea de Precaucin y Liquidez

PLL

LPL

precautionary arrangement

acuerdo precautorio

[IMF]

acuerdo de carcter precautorio

precautionary program

precautionary balances
[IMF]

saldos precautorios
[P45]
saldos de precaucin

Precautionary Credit Line

Lnea de Crdito Precautorio

PCL

LCP

precautionary demand

demanda precautoria

precautionary demand for money

demanda de dinero por motivo de precaucin

demanda de dinero con fines de precaucin
demanda precautoria de dinero

precautionary instrument

instrumento precautorio

precautionary motive

motivo de precaucin
motivo precaucin

precautionary saving

ahorro por precaucin

pre-cutoff-date-debt

deuda anterior a la fecha de corte

[Paris Club]

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predatory pricing

precios desleales(, prctica de)

precios abusivos(, prctica de)

predetermined drain (on foreign currency assets)

drenaje predeterminado

predetermined net drain (on foreign currency assets)

drenaje predeterminado neto

predetermined drain

predicate offense
[money laundering]

delito subyacente
delito determinante

underlying offense
predicate crime
underlying crime

predictive power

poder de prediccin
capacidad de prediccin
capacidad predictiva

pre-emerging market country

pas de mercado preemergente

preemptive debt restructuring

reestructuracin preventiva de la deuda

pre-default debt restructuring

preference bond

bono preferencial
bono preferido
obligacin preferente
obligacin privilegiada

preference margin

"margen preferencial"
margen de preferencias

preferential tariff arrangement

acuerdo arancelario preferencial

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Preferential Trade Area for Eastern and Southern African

Zona de comercio preferencial para los Estados del frica Oriental y

States

del frica Austral

PTA

ZCP

preferred creditor

acreedor privilegiado

preferred share

accin preferente

preferred stock

accin privilegiada

preference share

accin preferencial

[GBR]

accin que confiere preferencia

pre-investment study

estudio de preinversin

premium received

prima cobrada

premiums less claims

primas menos indemnizaciones

[BPM5]

[MBP5]

prepaid expenses

gastos prepagados

unexpired expenses

gastos pagados por adelantado

prepayment

pago anticipado
anticipo

prepayment clause

clusula de reembolso anticipado

[lending]

prepayment of debt
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]
debt prepayment

pago anticipado de la deuda

[Gua de la deuda, 1993]
reembolso anticipado de deudas
[Gua de la deuda, 1993]

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prescribed operation

operacin autorizada

[SDR]

prescribed SDR holder

tenedor autorizado de DEG

[IMF]
prescribed holder of SDRs

prescribed standard

norma obligatoria

[IMF-EBB]

prescription of currency requirements

[IMF, AREAER]

moneda que debe utilizarse en los pagos

moneda de pago

prescription of currency

present discounted value

[GFSM]

valor presente
valor actualizado

PDV

valor descontado

present value

valor actual

time value of money

pre-shortfall year

ao anterior a la insuficiencia

[IMF, compensatory financing]

Press Information Notice

nota de informacin a la prensa

[IMF-EXR]
PIN

Press Release

comunicado de prensa

[IMF document series; PR/...]

PR

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Press Report

informe de prensa

[IMF document series; PREP/...]

PREP

Press Summary

Resumen de prensa

[IMF]

presumptive assessment
[taxation]

liquidacin sobre base presuntiva

[Am. Lat.]

prevailing market rate

tipo de cambio del mercado

going rate

tipo de cambio vigente en el mercado

prevention

prevencin

[IMF overdue financial obligations]

preventive action

accin preventiva
medida preventiva

preventive measure

previously rescheduled debt

[Debt Guide, 1993; Paris Club]

deuda previamente reprogramada

[Gua de la deuda, 1993]

PRD

DPR

PRGF and HIPC Financing Division

Divisin de Financiamiento del SCLP y la Iniciativa para los PPME

[FIN/PH]

PRGF arrangement

acuerdo en el marco del SCLP

[IMF]

PRGF Operations Division

[SPR/GF]
POD

Divisin de Operaciones del Servicio para el Crecimiento y la Lucha

contra la Pobreza
Divisin de Operaciones del SCLP

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PRGF subaccount

subcuenta de los PPME

[IMF]

PRGF Trust Loan Account

Cuenta de Prstamos de la Cuenta Fiduciaria del SCLP

Loan Account

Cuenta de Prstamos

PRGF Trust loan

prstamo de la Cuenta Fiduciaria del SCLP

[IMF]

PRGF Trust Reserve Account

prstamo en el marco de la Cuenta Fiduciaria del SCLP

Cuenta de Reservas de la Cuenta Fiduciaria del SCLP

[IMF]
Reserve Account

PRGF Trust Subsidy Account

Cuenta de Subvencin de la Cuenta Fiduciaria del SCLP

Subsidy Account

Cuenta de Subvencin

PRGF Trust

Cuenta Fiduciaria del SCLP

[IMF]

PRGF/EFF blending

combinacin SCLP/SAF

PRGF-ESF Trust

Cuenta Fiduciaria SCLP-SSE

PRGF-HIPC subaccount

subcuenta SCLP-PPME

[IMF]

PRGF-HIPC Trust Account

Cuenta Fiduciaria SCLP-PPME

[IMF]

PRGF-HIPC Trust Instrument

Instrumento de creacin del Fondo Fiduciario SCLP-PPME

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PRGF-HIPC Trust

Fondo Fiduciario SCLP-PPME

[IMF]

price boom

alza sbita
aumento explosivo de los precios
alza de precios rpida
alza repentina

price component

componente precio

price control

control de (los) precios

regulacin de (los) precios

price cutting

recorte de precios
reduccin de precios

price discovery
[FSIG]

descubrimiento de precios
[GISF]

price discrimination

discriminacin de precios

discriminatory pricing

fijacin discriminatoria de precios

price elasticity

elasticidad con respecto al precio

elasticidad-precio

price elasticity of demand

elasticidad-precio de la demanda
elasticidad de la demanda con respecto al precio

price expectation

expectativa de precios
expectativa con respecto a los precios

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price fixing agreement

fijacin de precios por acuerdo

pacto de imposicin de precios

price follower

seguidor de precios

price formation

formacin de precios
[GISF]

price freeze

congelacin de precios

price incentive

incentivo de precios
incentivo a travs de los precios

price index

ndice de precios

price indexation

indizacin de precios

price inflation

inflacin de precios

price leader

lder de precios
empresa lder en materia de precios
agente econmico que impone el precio

price leadership

liderazgo de precios

price maker

agente econmico que determina el precio

price setter

formador de precios

price premium

sobreprecio

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price range

escala de precios
gama de precios

price rationing

racionamiento por medio de los precios

price rigidity

rigidez de precios

price sensitivity

sensibilidad al precio
sensibilidad con respecto al precio

price shock

shock de precios

price taker

agente econmico sin influencia en el precio

tomador de precios

price-earnings ratio

relacin precio-beneficios

price-to-earnings ratio

relacin precio-ganancia

PER
PE ratio
P/E

price-sensitive information

informacin que podra influir sobre los precios

price-sensitive data

datos que podran afectar a los precios

pricing policy

poltica de fijacin de precios

price policy

poltica de precios

pricing

fijacin de precios

price setting

clculo de precios

price determination

determinacin de precios

primary budget

presupuesto primario

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Primary Commodities Price Index

ndice de precios de productos primarios

PCPI

primary dealer

operadores primarios

primary deficit

dficit primario

[budget]

primary deposit

depsito primario

primary energy

energa primaria

primary exporting country

pas exportador de productos primarios

primary fiscal balance

saldo fiscal primario

primary balance

resultado primario

primary goods

bienes primarios

primary market

mercado primario

primary money

dinero primario

primary producing country

pas de produccin primaria

primary product

producto primario

primary commodity
commodity

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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primary reserve assets

reservas primarias

primary reserves

activos primarios de reserva

[banking; USA]

primary surplus

supervit primario

[budget]

prime borrower

prestatario de primera clase

prestatario de primera lnea

prime corporate paper

efectos emitidos por empresas de primera clase

prime rate

tasa de inters preferencial

base lending rate

tasa "prime"

BLR

principal

principal

Principal Global Indicators

iniciativa del G-20 sobre principales indicadores mundiales

PGI

principal income earner

principal sostn econmico (de la familia)

principal reserve asset

principal activo de reserva

principal-agent problem

problema principal-agente

Principles for Stable Capital Flows and Fair Debt Restructuring

Principios para la estabilidad de los flujos de capital y la

in Emerging Markets

reestructuracin equitativa de la deuda en los mercados emergentes

[IMF]

IMF GLOSSARY WEB 2015 English Spanish

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Spanish

Principles for the Guidance of Members' Exchange Rate

Principios que orientarn las polticas de tipo de cambio de los

Policies

pases miembros

PGMs

Principios rectores

Principles for the Guidance of Members

prior action
[IMF arrangements]

acciones previas
medidas previas

PA

prior challenge, not subject to

objetar a priori, no

[IMF]

prior probability

probabilidad ex-ante

[statistics]
ex-ante probability

prioritization of debt

establecimiento de un orden de prelacin de los crditos

ranking of claims

establecimiento de un orden de precedencia de los crditos

establecimiento de un orden de prioridad de la deuda

prisoner's dilemma

dilema del prisionero

private consumption

consumo privado

[IFS]

private enterprise

empresa privada

private equity

capital riesgo
capital de riesgo

private equity firm

empresa de capital riesgo

sociedad de capital riesgo

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 560

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Spanish

private equity fund

fondo de capital riesgo

private equity partnership

private money supply

masa monetaria del sector privado

medios de pago del sector privado

private nonprofit institution

institucin privada sin fines de lucro

private nonprofit entity

private paper

efectos privados
ttulos privados

private placement
[securities]

colocacin privada
emisin privada

private offering

suscripcin restringida

private rate of return

tasa de rentabilidad del sector privado

PRR

tasa de rentabilidad para el sector privado

tasa de retorno privada

private savings

ahorro privado
ahorro del sector privado

private sector involvement

participacin del sector privado

[financial crises]
PSI

private sector

sector privado

[Paris Club]

private-label security

ttulo hipotecario privado

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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privatization

privatizacin

privatization voucher

cupn de privatizacin

probability distribution

distribucin de probabilidad

probability level

probabilidad

[statistics]

nivel de probabilidad

probability

probability sampling

muestreo probabilstico

problem bank

banco en situacin problemtica

[bank supervision]

procedural guidelines

banco en dificultades

normas de procedimiento

[IMF Executive Board]

procedures for conversion

procedimientos de conversin

conversion procedures

proceeds (from a sale)

producto (de una venta)

procurement

adquisiciones

procurement price

precio oficial al proveedor

precio oficial al productor

procyclical

procclico
que sigue los movimientos de la coyuntura

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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procyclical bias

sesgo procclico

pro-cyclical regulatory response

adopcin de medidas de regulacin procclicas

procyclicality

prociclicidad
carcter procclico

producer price index

ndice de precios al productor

PPI

IPP
ndice de precios a la produccin
IPP
ndice de precios industriales
IPI

producer surplus

supervit del productor

producer's price

precio al productor

producer price

precio a la produccin
precio en fbrica
[+a veces+]
precio de productor

producer's value

valor a precio de productor

product

producto

product price targeting

rgimen de metas de precios de los productos

PPT

metas de precios de los productos

product selection bias

sesgo en la seleccin de productos

product wage

salario en unidades de producto

IMF GLOSSARY WEB 2015 English Spanish

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Page 563

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production account

cuenta de produccin

[BPM5; GFS 1986; SNA93]

[MBP5; SCN93]

production boundary

limite de la produccin

production factor

factor de produccin

factor of production
factor
input

production function

funcin de produccin

production incentive

incentivo a la produccin

production possibility frontier

frontera de produccin

PPF

frontera de las posibilidades de produccin

production frontier

curva de las posibilidades de produccin

production possibility boundary

production possibility curve
transformation curve

production sharing contract

contrato de reparticin de la produccin

PSC

contrato de distribucin de la produccin

production-income lag

desfase produccin-ingreso

productive base

base de produccin
base productiva

productive efficiency

eficiencia de la produccin
eficiencia productiva

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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Spanish

productivity gain

aumento de la productividad
incremento de la productividad
aumento de productividad

professional staff

personal profesional

[IMF]

profit

utilidad
ganancia
beneficio
lucro

profit ratio

tasa de rentabilidad

profit margin

margen de ganancia

margin

margen de utilidad
margen de beneficios

profit recipient

perceptor de beneficios

profit sharing

participacin en las utilidades

participacin en las ganancias
participacin en los beneficios

profit squeeze

reduccin de los mrgenes de utilidad

reduccin de los mrgenes de ganancia
reduccin de los mrgenes de beneficio

profit taking

realizacin de utilidades
toma de utilidades
realizacin de beneficios
toma de ganancias

IMF GLOSSARY WEB 2015 English Spanish

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profit tax

impuesto sobre las utilidades

impuesto sobre los beneficios
impuesto sobre las ganancias

profit test

criterio de beneficio

profitability

rentabilidad

earning power

profit-price spiral

espiral precios-beneficios

profits of export or import monopolies

utilidades de los monopolios de exportacin o de importacin

[GFSM; GFSY]

profits of fiscal monopolies

[MEFP]

utilidades de los monopolios fiscales

utilidades de monopolios fiscales

program adjuster

factor de ajuste automtico de un programa

[IMF]

program country

pas que aplica un programa aprobado por el FMI

[IMF]

program loan

prstamo para programas

financiamiento para programas

program monitoring
[IMF]

supervisin de programas
[P45]
monitoreo de programas
[P45]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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program review

revisin del programa

[IMF]

program trading

examen del programa

contratacin programada de valores burstiles

[securities]

progress payment

pago progresivo
pago parcial
pago parcial
pago a cuenta

progress report
status report

informe de avance
[DELP]
informe de situacin
[DELP]
informe sobre la labor realizada
informe sobre la marcha de los trabajos
informe de progreso

progressive tax

impuesto progresivo

progressivity

progresividad

[taxation]

prohibition of short-sale

prohibicin de vender al descubierto

prohibition of short sale

project bonds

bonos para la financiacin de proyectos

projected unit credit method

mtodo basado en las unidades de crdito proyectadas

[pension plans]

IMF GLOSSARY WEB 2015 English Spanish

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project-specific grant

subvencin para proyectos

[public finance]
project grant

prolonged engagement

interaccin prolongada

prolonged user of IMF resources

pas que utiliza los recursos del FMI de manera prolongada

[IMF]

promissory note loan

prstamo garantizado con pagars

promissory note

pagar

note

promotional cost

costo de promocin de ventas

propensity to consume

propensin al consumo
propensin a consumir

propensity to save

propensin al ahorro
propensin a ahorrar

property and assets of the Fund

bienes y activos del FMI

[IMF]

property income

renta de la propiedad
ingreso de la propiedad

property right

derecho de propiedad

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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property tax

impuesto inmobiliario

tax on property

impuesto sobre la propiedad

impuesto predial

property unit trust

fondo de inversin inmobiliaria

proposed amendment

propuesta de enmienda

[IMF]

[AA]
propuesta de modificacin

proposed resolution

propuesta de resolucin

[IMF]

Proposed Seventh Amendment on the Reform of the Executive

enmienda sobre la reforma del Directorio

Board
Board Reform Amendment
Seventh Amendment

proprietary trading

negociacin por cuenta propia

strategic trading

prospect theory

teora de las perspectivas

prospectus

folleto de emisin

[securities issues]

protective tariff

arancel proteccionista

protracted arrears (to the Fund)

atrasos persistentes ante el FMI

[IMF]

protracted balance of payments problems

atrasos prolongados en los pagos al FMI

problemas persistentes de balanza de pagos

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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proven reserves

reservas comprobadas

[oil]

provident fund

fondo de previsin

[GMBS]

provision for uncollectible accounts

provisin para cuentas de cobro dudoso

allowance for bad debt

provisin para deudas incobrables

provision for bad debts

provision
[GBR]

reserva
[GISF]

accruals

provisin

[USA]

[GISF]
previsin
[Arg]

provisional administration
[bank supervision; insolvency]
conservatorship

administracin provisional
intervencin
administracin judicial
sindicatura
intervencin cautelar
[ARG]
tutelaje
[SPA]

provisional administrator
[bank supervision; insolvency]

administrador provisional
interventor

conservator

provisional credit

abono provisional en cuenta

[GA]

IMF GLOSSARY WEB 2015 English Spanish

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Spanish

provisional liquidation

liquidacin provisional

provisioning

constitucin de reservas

[BPM5; Debt Guide, 1993; FSIG]

establishment of provisions

[Gua de la deuda, 1993]

aprovisionamiento
[MBP5]
constitucin de provisiones
[GISF]
provisionamiento

proximate determinant

determinante prximo

proxy indicator

indicador aproximado

[HIPC]

proxy
[power of attorney]

poder(es)
mandato
procuracin

PRSP approach

proceso de los DELP

PRSP process

proceso de elaboracin de los DELP

[PRGF]

PRSP Preparation Status Report

mecanismo de los DELP

Informe de situacin sobre la preparacin del DELP

[IMF-IBRD]

PRSP Progress Report

Informe anual de situacin sobre la preparacin del DELP

Annual PRSP Progress Report

[IMF, World Bank-IDA]
APR

prudential

prudencial

IMF GLOSSARY WEB 2015 English Spanish

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Page 571

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prudential liquidity buffers

colchones de liquidez prudenciales

prudential ratios

coeficientes prudenciales

[bank supervision]

prudential regulation

regulacin prudencial

prudential standards

normas prudenciales
reglas prudenciales

prudential supervision

supervisin prudencial

[banking]

Public Affairs Division

Divisin de Relaciones Pblicas

[COM/PU]

Public Affairs Officer

Oficial de Relaciones Pblicas

[IMF-EXR]

Public Affairs Officer, Senior

Oficial Principal de Relaciones Pblicas

[IMF-EXR]

public auction

subasta pblica
remate pblico

public authorities

autoridades pblicas
autoridades gubernamentales

public capital formation

formacin de capital del sector pblico

public choice

teora de la eleccin colectiva

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 572

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public consumption

consumo pblico

public debt sustainability

sostenibilidad de la deuda pblica

public debt

deuda pblica

[Debt Guide, 1993; SNA93]

[Gua de la deuda, 1993; SCN93]

public enterprise

empresa estatal

public corporation

empresa del Estado

state enterprise

empresa pblica

state-owned enterprise

sociedad pblica

SOE

corporacin pblica

state-owned corporation

unidad productiva del gobierno

government enterprise
government corporation

public expenditure management

gestin del gasto pblico

PEM

GGP

Public Expenditure Review

estudio del gasto pblico

[IBRD]
PER

public finance
[SNA93]

public financial institution

finanzas pblicas
[SCN93]

institucin financiera pblica

[GFS 1986]
PFI

IMF GLOSSARY WEB 2015 English Spanish

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Public Financial Management Division, I, II

Divisin de Gestin de las Finanzas Pblicas I, II

[FAD/M1, M2]
M1, M2

public financial management

gestin financiera pblica

PFM

Public Information Notice

nota de informacin al pblico

[IMF-EXR]
PIN

public investment

inversin pblica

Public Investment Management Assessment

Evaluacin de la Gestin de la Inversin Pblica

PIMA

EGIP

Public Investment Management Index

ndice de gestin de la inversin pblica

PIMI

public nonmonetary enterprise

empresa pblica no monetaria

[GFS 1986]

public offering

emisin pblica

[securities]
public placement

public or publicly guaranteed debt

deuda contrada o garantizada por el Estado

government or government-guaranteed debt

deuda pblica o con garanta pblica

PPG debt

public order and safety

[GFS; GFSM; GFSY]

orden pblico y seguridad

[MEFP]

IMF GLOSSARY WEB 2015 English Spanish

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public policy

poltica pblica

[GFSM]

[MEFP]

public sale

venta pblica

public sector borrowing requirement(s)

necesidades de financiamiento del sector pblico

PSBR

NFSP

public sector investment program

programa de inversin pblica

PSIP

PIP

public investment program

programa de inversiones del sector pblico

PIP

public service

servicio pblico

government service

servicio estatal

public utility

empresa de servicios pblicos

public service corporation

utility

Publication Services Section

Seccin de Servicios de Publicaciones

[EXR/EP/PS]

Publications Stock Room

Depsito de Publicaciones

[IMF-EXR]

publicly funded

financiado con fondos pblicos

publicly issued

emitido mediante suscripcin pblica

emitido por suscripcin pblica

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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Spanish

publicly listed company

sociedad cuyas acciones se cotizan en bolsa

publiclly listed firm

publicly traded company

publicly traded share

accin cotizada en bolsa

Public-Private Partnership Fiscal Risk Assessment Model

modelo de evaluacin de riesgos fiscales de las asociaciones

PPP Fiscal Risk Assessment Model

pblico-privadas

P-FRAM

public-private partnership

asociacin pblico-privada

PPP
PPIP

punitive measure

medida punitiva

[IMF overdue financial obligations]

purchase

compra

[IMF]

purchaser's price

precio de comprador
precio de adquisicin

purchasers' value

valor a precio de comprador

Purchasing Managers' Index

ndice de gerentes de compras

PMI

purchasing power parity exchange rate

[WHD REO]

tipo de cambio basado en la paridad del poder adquisitivo

PPP exchange rate

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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purchasing power parity

paridad de poder adquisitivo

PPP

paridad de poder de compra

pure competition

competencia pura
competencia libre

pure economic rent

renta econmica pura

renta de situacin
[+a veces+]

pure signaling instrument

instrumento de sealizacin pura

purely random process

proceso puramente aleatorio

purposive sample

muestra intencional

put bond

bono de rescate anticipado

putable bond

put option clause

clusula de rescate anticipado

put option

opcin de rescate anticipado

put

put option
put

opcin de venta
[MBP5; MEFP]
+put+
[GISF; MBP5; MEFP]

quadratic mean

media cuadrtica

IMF GLOSSARY WEB 2015 English Spanish

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qualified

calificado
cualificado
idneo

qualified countries

pases habilitados

qualified majority voting

votacin por mayora especial

QMV

votacin por mayora calificada

votacin por mayora cualificada
[ESP]

qualifying member

pas miembro que rene los requisitos

pas miembro habilitado

qualifying shareholding

posesin de acciones necesarias para acceder a determinados

derechos societarios
depsito de acciones en garanta de los miembros del Consejo de
Administracin

quality assurance testing

pruebas de control de calidad

quality dimension

dimensin de la calidad

[DQAF]

quantification
[SNA93]

Quantitative and Qualitative Monetary Easing

[Bank of Japan]

cuantificacin
[SCN93]

expansin monetaria cuantitativa y cualitativa

distensin monetaria cuantitativa y cualitativa

quantitative easing

expansin cuantitativa

QE

flexibilizacin cuantitativa

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 578

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quantitative performance criteria

criterios de ejecucin cuantitativos

QPC

quantitative restriction

restriccin cuantitativa

[IBRD loans]
QR

quantity discount

descuento por cantidad

rebaja por cantidad

quantity rationing

racionamiento cuantitativo

quantity sensitivity

sensibilidad al volumen
sensibilidad con respecto al volumen
sensibilidad a la cantidad
sensibilidad con respecto a la cantidad

quantity theory of money

teora cuantitativa del dinero

quantum index

nmero ndice de cantidad

Quarterly External Debt Statistics database

estadsticas trimestrales sobre la deuda externa

QEDS

base de datos trimestrales sobre la deuda externa

Quarterly External Debt Database

[IMF]

Quarterly National Accounts Manual--Concepts, Data Sources,

+Manual de cuentas nacionales trimestrales: Conceptos, fuentes de

and Compilation

datos y compilacin+

[IMF]

+Manual de cuentas nacionales trimestrales+

Quarterly National Accounts Manual

QNA Manual

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 579

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Spanish

quarter-on-quarter growth rate

crecimiento intertrimestral

quartile

cuartil

[statistics]

quasi-autonomous variable

variable cuasiautnoma

quasi-corporate enterprise

cuasisociedad

quasi-corporation

cuasicorporacin

quasi-fiscal

cuasifiscal

quasi-fiscal operations

operaciones cuasifiscales

quasi-fiscal activities

actividades cuasificales

QFAs

quasi-money instrument

instrumento cuasimonetario

near cash instrument

quasi-money

cuasidinero

near-money

quasi-official borrowing

prstamos cuasioficiales

queuing theory

teora de las colas

queueing theory

quick asset

activo de liquidez inmediata

activo inmediatamente realizable

IMF GLOSSARY WEB 2015 English Spanish

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Page 580

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quick disbursing short term liquidity facility

mecanismo de provisin de liquidez a corto plazo y de desembolso

rpido

quick-yielding project

proyecto de rpido rendimiento

quiet facility

servicio financiero "discreto"

quota

cuota

quota and governance reform

reforma del rgimen de cuotas y la estructura de gobierno

quota and voice

cuotas y representacin

quota formula

frmula de clculo de las cuotas

Quota Formula Review Group

Grupo de Examen de las Frmulas de Clculo de las Cuotas

[IMF]
QFRG

quota formula review

examen de la frmula de clculo de las cuotas

QFR

revisin de la frmula de clculo de las cuotas

quota limit

lmite de acceso definido en funcin de la cuota

[IMF; ESAF]

quota ratio

razn acceso a los AGP/total de cuotas

[GAB]

quota review
[IMF]

revisin de cuotas
[AA]

review of quotas

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 581

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Spanish

quota share

cuota relativa

[IMF]

cuota efectiva relativa

actual quota share

share in actual quotas
share in total quotas

quota shift

redistribucin de cuotas

quota variables

variables incluidas en el clculo de las cuotas

quota-based institution

institucin cuyos recursos provienen principalmente de las cuotas

quotation

cotizacin

quoted price

precio de cotizacin

[BPM5]

[MBP5]
precio cotizado

quote-driven system

sistema de cuotas

price-driven system

sistema basado en cuotas

rampant inflation

inflacin galopante

runaway inflation
galloping inflation

[SCN93]
inflacin desenfrenada

[SNA93]

random disturbance

pertubacin aleatoria

random error

error aleatorio

random number

nmero aleatorio

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 582

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random process

proceso aleatorio

random sampling

muestreo aleatorio

random variable

variable aleatoria

random walk

paseo aleatorio
recorrido aleatorio

randomness

aleatoriedad
carcter aleatorio

range

rango
intervalo
gama
recorrido

rank

rango

ranked data

datos ordenados por rangos

ranking

clasificacin

Rapid Access Line

lnea de crdito de acceso rpido

RAL

Rapid Credit Facility

Servicio de Crdito Rpido

RCF

SCR

Rapid Financing Instrument

Instrumento de Financiamiento Rpido

RFI

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 583

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ratchet effect

efecto trinquete
efecto irreversible

rate of charge

tasa de cargos

[IMF; SDR use]

rate of crawl

tasa de ajuste
tasa de ajuste del tipo de cambio

rate of remuneration

tasa de remuneracin

rate of return

tasa de rentabilidad

ROR

[MBP6]
tasa de rendimiento
[MBP6]
tasa de retorno

rate setting policy

poltica de tarifas

pricing policy

rate tiering

diferenciacin por medio de las tasas

tiering

rated capacity

capacidad nominal, asignada

[power plants, machinery]

rates
[GBR]

contribuciones
impuestos municipales
tarifas municipales

rating shopping

tendencia del emisor a operar con la agencia que le dar la mejor

credit rating shopping

calificacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 584

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rating

calificacin

[securities]

calificacin de valores
clasificacin de valores

rational expectations
[SNA93]

raw data

expectativas racionales
[SCN93]

datos brutos

crude data

reach for yield

bsqueda de rendimiento

real adjustment

ajuste real

real balances effect

efecto de saldos reales

Pigou effect

efecto de saldos reales en efectivo

efecto Pigou

real disposable income

renta real disponible

real economy

economa real

real sector

sector real
sector real de la economa

real effective exchange rate index

ndice del tipo de cambio efectivo real

REER index

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real effective exchange rate

tipo de cambio efectivo real

REER
multilateral exchange rate
multilateral real exchange rate
trade-weighted real exchange rate
trade- weighted effective exchange rate

Real Estate Section

Seccin de Bienes Races

[TGS/DF/RE]

real estate tax

impuestos sobre bienes races

real exchange rate

tipo de cambio real

RER

real flow

flujo real

real gross fixed investment

inversin fija bruta real

real income

ingreso real
renta real

real interest rate

tasa de inters real

real money balances

saldos monetarios reales

real property transfer tax

impuesto a la transferencia de bienes inmuebles

real estate transfer tax

real purchasing power

poder adquisitivo real

[CPI]

IMF GLOSSARY WEB 2015 English Spanish

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Real Sector Division

Divisin del Sector Real

[STA/RE]

Economista Principal de la Divisin Sector Real del FMI

real terms of trade

relacin real de intercambio

real terms

trminos reales

in real terms

en trminos reales

constant terms

en valores reales

real wage

salario real

realignment of quota shares

realineacin de las cuotas relativas

realignment

realineacin

[EMS]

reordenacin
reajuste

realized price

precio obtenido

price realized

real-time gross settlement system

RTGS
real time gross settlement system

sistema de liquidacin bruta en tiempo real

[GISF]
LBTR

[FSIG]

rebalancing of portfolio

reequilibrio de la cartera

[IMF, P45]
portfolio rebalancing

recapitalization

recapitalizacin

[banks]

IMF GLOSSARY WEB 2015 English Spanish

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recapture clause

clusula de recuperacin

receiver

sndico

[bank supervision; insolvency]

interventor bancario
interventor liquidador

receivership

sindicatura
Intervencin y liquidacin
intervencin con liquidacin de activos
intervencin (para venta/fusin)
intervencin (para cierre(liquidacin)

receiving industry

industria compradora, utilizadora

Recent Economic Developments

documento sobre la evolucin econmica reciente

[IMF background paper]

RED

recession
[SNA93]

recipient countries

recesin
[SCN93]

pases beneficiarios

[BPM5]

recipient
[SNA93]

beneficiario
destinatario
receptor
[SCN93]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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reciprocal currency arrangement

acuerdo de crdito recproco

cross-currency swap

acuerdo de "swap"

foreign currency swap

crdito cruzado

swap arrangement

crdito de dobles

currency swap arrangement

crdito recproco

swap

crdito "swap"

currency swap agreement

operacin de "swap"
"swap"

reciprocal exchange guarantee

garanta cambiaria recproca

reciprocal trade concessions

concesiones comerciales recprocas

reciprocal

recproco

[mathematics]

reclassification

inversa multiplicativa

reclasificacin

[BOP]

recognition
[accounting]

contabilizacin
registro

reconciliation account

cuenta de conciliacin

reconciliation table

cuadro de conciliacin

reconciliation

conciliacin

reconcilement
conciliation

[SCN93]
armonizacin
[SCN93]

reconstitution of SDR holdings

reconstitucin de las tenencias de DEG

IMF GLOSSARY WEB 2015 English Spanish

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Recording Officer

Redactor de Actas

[IMF-SEC]

record-keeping system

sistema de registro

recording system

mtodo de registro

[BPM5]

[MBP5]
sistema de contabilizacin

Records Management Unit

Unidad de Administracin de Registros

[SEC/RC/AR/RM]

recovery
[loans]

cobranza
reembolso
recuperacin

recreational, cultural, and religious affairs and services

asuntos y servicios recreativos, culturales y religiosos

[GFS; GFSY]

Recruitment and Staffing Division

Divisin de Contratacin y Asignacin del Personal

[HRD/RS]
RSD

recurrent budget

presupuesto ordinario

recurrent expenditure

gasto ordinario

recurrent expense
recurrent outlay

recurrent revenue

ingreso ordinario

recurrent receipts
recurrent income

IMF GLOSSARY WEB 2015 English Spanish

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recurrent tax

impuestos permanentes

recurrent taxes on immovable property

impuestos permanentes sobre bienes races

[GFSM; GFSY]

impuestos recurrentes sobre la propiedad inmueble

[MEFP]

recurrent taxes on net wealth

[GFS; GFSM; GFSY]

impuestos permanentes sobre el patrimonio neto

impuestos recurrentes sobre la riqueza neta
[MEFP]

recursive model

modelo recursivo

recycling

reciclaje

[finance]

recirculacin

red interest

intereses deudores, de emprstitos

redemption (of a pledge)

liberacin

redemption

rescate

retirement

amortizacin
reembolso
redencin
[+a veces+]

redemption, right of

retroventa, derecho de

rediscount ceiling

tope de redescuento

[central banking]
rediscount quota

lmite de redescuento
cuota de redescuento

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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rediscount facility

lnea de redescuento

[central banking]

rediscount rate

tasa de redescuento

redistributional effect

efecto redistributivo, de redistribucin

redistributional transfer payments

transferencias redistributivas

redistributive impact

impacto redistributivo
efecto redistributivo

reduced interest par bond exchange

canje de crditos por bonos a la par de inters reducido

[debt restructuring]

reduced model

modelo reducido

reduced-form equation

ecuacin de forma reducida

reduction of data

reduccin de datos

reference currency

moneda de referencia

reference rate

tasa de referencia

[MPI]

reference zone (of rates)

zona de referencia

Reference, Terminology, and Documentation Section

Seccin de Referencias, Terminologa y Documentacin

RTD

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 592

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refinancing

refinanciamiento

[Debt Guide, 1993; SNA93]

[Gua de la deuda, 1993; SCN93]

refinanciacin
[SCN93]

reflation

reflacin

reflow

reembolso de prstamos

[SNA93]

[SCN93]

reflows of flight capital

retorno del capital fugado

return of flight capital

regreso del capital fugado

repatriation of flight capital

repatriacin del capital fugado

repatriacin de capitales

reflows, use of Trust Fund

[IMF]

utilizacin de los recursos procedentes de los reembolsos del Fondo

Fiduciario
utilizacin de los reembolsos del Fondo Fiduciario

refund of charges

reintegro de cargos

[IMF]

refunding

reembolso

[repayment]

region of acceptance

regin de aceptacin

[statistics]

region of rejection

regin de rechazo

[statistics]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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Regional Advisory Group

Grupo Regional de Asesoramiento

RAG

regional allocation

imputacin regional

regional balance of payments statement

balanza de pagos regional

[BPM5]

presentacin regional de la balanza de pagos

estado regional de balanza de pagos
[MBP5]

regional central bank

[BPM5; BPM6]

Regional Division 2

banco central regional

[MBP6]

Divisin de Asia y el Pacfico y del Hemisferio Occidental

Divisin Regional 2

regional economic communities

comunidades econmicas regionales

RECs

Regional Economic Outlook

[IMF]

Perspectivas econmicas regionales

Perspectivas Econmicas

REO

regional financial arrangements

acuerdos financieros regionales

regional financing arrangements

acuerdos de financiamiento regionales

Regional Office for Asia and the Pacific

Oficina Regional para Asia y el Pacfico

[IMF]
OAP

IMF GLOSSARY WEB 2015 English Spanish

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Regional Office for Central Europe and the Baltics

Oficina Regional para Europa Central y los Pases Blticos

[IMF]

regional outreach

actividades regionales de divulgacin

Regional Strategy Notes

notas estratgicas regionales

[IMF]
RSN

regional surveillance

supervisin regional

regional technical assistance center

centro regional de asistencia tcnica

[IMF]

CRAT

RTAC

registered check

cheque de caja

register check

registered instrument

ttulo nominativo

registered security

regressand

variable dependiente

[statistics]

regression analysis

anlisis de regresin

regression coefficient

coeficiente de regresin

regression equation

ecuacin de regresin

IMF GLOSSARY WEB 2015 English Spanish

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regression model

modelo de regresin

[statistics]

regression of Y on X

regresin de Y sobre X
regresin de Y en X

regressive tax

impuesto regresivo

regressivity

regresividad

[taxation]

regressor
[statistics]

regular appointment
[IMF]

regresor
variable independiente

nombramiento de carcter permanente

empleo por plazo indefinido
empleo por plazo indeterminado

regular election

eleccin ordinaria

[IMF, Executive Directors]

regular meeting

reunin ordinaria

[IMF, Executive Board]

Regulation and Supervision Division

Divisin de Regulacin y Supervisin

[MCM/FR]

regulatory agency

organismo regulador
organismo con potestad normativa

regulatory arbitrage

arbitraje regulatorio

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 596

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regulatory capital requirements

normas sobre capital regulador

capital exigido por las normas

regulatory capture

captura regulatoria

regulatory forbearance

tolerancia en la aplicacin de las normas

tolerancia regulatoria
dispensa de las normas
aplicacin poco estricta de las normas

regulatory framework

reglamentacin
rgimen reglamentario
marco reglamentario
marco regulatorio

regulatory power

facultades reglamentarios
facultades regulatorias
facultades reguladoras
potestad normativa

rehabilitation

rehabilitacin
reorganizacin
saneamiento
recuperacin

rehabilitation program
[enterprises]

programa de reorganizacin
programa de saneamiento
programa de reestructuracin

reintermediation

reintermediacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 597

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reinvested earnings

utilidades reinvertidas

[BPM5; BPM6]

[MBP5; MBP6]
reinversin de utilidades
reinversin de ganancias
reinversin de beneficios

related entity

entidad vinculada

[MPI]

relations with nonmembers

relaciones con pases no miembros

relative share

participacin relativa

release calendar

calendario de publicacin

[IMF-EBB]

release, to

liberar

relending

reprstamo
reciclaje de los prstamos

reliability
[IMF, metadata]

relinquish
[BPM5]

fiabilidad
confiabilidad

enajenar
[MBP5]

resign

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 598

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remedial measure

medida correctiva

[IMF overdue financial obligations]

corrective action
corrective measure
remedial action

remit

rea de responsabilidad
mandato

remittance of funds

remesa de fondos

remittance recipient

pas receptor de remesas

remittances

remesas

remitted earnings

utilidades remitidas

[BPM5]

remunerated reserve tranche position

[IMF]

[MBP5]

saldo remunerado en el tramo de reserva

[P45]
posicin remunerada en el tramo de reserva

remuneration coefficient

coeficiente de remuneracin

[IMF]

remuneration

remuneracin

[IMF]

remuneration, rate of

tasa de remuneracin

[IMF]

IMF GLOSSARY WEB 2015 English Spanish

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renewable

renovable

replenishable

reproducible

reproducible

renewal theory

teora de la renovacin

rental income

renta por concepto de alquileres

ingresos por alquiler
renta locativa

rent-seeking

bsqueda de ventaja econmica

bsqueda de renta econmica
bsqueda de rentas oligoplicas
afn de enriquecimiento

repayable margin

depsito de garanta rembolsable

repayable transaction

transaccin recuperable

[GFS 1986]

repayment capacity

capacidad de pago
capacidad de reembolso

repayment period
[Paris Club; Debt Guide, 1993]

repayment schedule

plazo de reembolso
[Gua de la deuda, 1993]

calendario de vencimientos
calendario de reembolso

repayment
[GFSM; SNA93]

reembolso
[MEFP; SCN93]
amortizacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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replacement rate

tasa de reemplazo

[pensions]

porcentaje de sustitucin (de ingresos)

tasa de sustitucin de ingresos
porcentaje de reemplazo

replenish the Fund's holdings of currencies

reponer las monedas en poder del FMI

[IMF-AA]

replenishment of Fund resources

reposicin de los recursos del FMI

[IMF]

replenishment of reserves

reconstitucin de reservas

repo rate

tasa de las operaciones de reporto

repurchase rate

tasa de los "repo"

tasa de las operaciones de recompra

report of the Executive Board

informe del Directorio Ejecutivo

[IMF]

Report on Implementation of Standards and Codes

Informe sobre la Aplicacin de las Normas y Cdigos

RISC

Report on the Observance of Standards and Codes

[IMF]

Informe sobre la Observancia de los Cdigos y Normas

IOCN

ROSC

ROSC

reporting agency

organismo notificador

[IMF-STA]

reporting country

pas declarante

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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reporting economy

economa declarante

reporting period

perodo al cual se refiere la declaracin de datos

[BPM5]

perodo de declaracin de datos

perodo que se declara

reporting to the IMF

declaracin de datos al FMI

presentacin de datos al FMI

reporting unit

unidad informante

representation of balance of payments financing need

declaracin de necesidad de financiamiento de la balanza de pagos

[IMF]

declaracin de necesidad

representation of need
declaration of BOP-related need
declaration of need

representative rate

tipo de cambio representativo

[IMF; exchange]

representative set of currencies

conjunto representativo de monedas

[IMF]

Representative to the WTO

Representante ante la OMC

[IMF-EUO]

repricing of risk

revaloracin del riesgo

repricing of risks

repricing period

perodo de redeterminacin de las tasas de inters

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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repurchase agreement

acuerdo de recompra

repo

operacin de reporto

RP

reporto

repurchase operation

operacin de reporto activo

repurchase transaction

operacin de pase
[ARG]
operacin de pase activo
[ARG]
operacin con pacto de recompra
repo
[GISF; MBP6]

repurchase expectation

expectativa de recompra

[IMF]

repurchase in installments

recompra a plazos

[IMF]

repurchase market

mercado de repos

repo market

mercado de reportos

repurchase of accelerated set-aside amounts

recompra de montos consignados adquiridos de manera acelerada

[IMF debt reduction scheme]

accelerated set-aside amounts repurchase

repurchase

recompra

[IMF]

reputational risk

riesgo de reputacin
riesgo reputacional

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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request for proposal

solicitud de propuestas

[procurement]

llamado a licitacin

RFP

required reserve ratio

coeficiente de encaje legal

minimum reserve ratio

encaje legal

reserve requirement

coeficiente de encaje

reserve ratio

encaje

legal reserve ratio

coeficiente de caja
[ESP]
coeficiente de reservas obligatorias

requirement of need

principio relativo a la necesidad

[IMF; SDR]

requited current transfer

transferencias corrientes con contrapartida

[SCN93]

requited payment

pago con contraprestacin

[GFS 1986]

rescheduling country

pas que reprograma su deuda

rescheduler

research and development

investigacin y desarrollo

R&D

I&D

Research Department

Departamento de Estudios

[IMF]
RES

reservation price

precio de reserva

IMF GLOSSARY WEB 2015 English Spanish

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reservation price (of labor)

precio de reserva de la mano de obra

reservation wage

precio de reserva
salario de reserva

reserve accretion

aumento de las reservas

reserve asset

activo de reserva

Reserve Assets Technical Expert Group

Grupo de Expertos Tcnicos sobre Activos de Reserva

RESTEG

RESTEG

Reserve Augmentation Line

lnea de aumento de las reservas

[IMF]
RAL

reserve center

centro de reservas

reserve creation

creacin de reservas

[BPM5]

[MBP5]

reserve currency

moneda de reserva

reserve depletion

agotamiento de las reservas

reserve deposit

depsito de reserva
depsito de encaje

reserve ease

amplitud de las reservas

reserve cushion

colchn de reservas

IMF GLOSSARY WEB 2015 English Spanish

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reserve inadequacy

insuficiencia de reservas

reserve deficiency

insuficiencia de las reservas

inadequacy of reserves

reserve pooling arrangement

mecanismo de mancomunacin de reservas

reserve position

situacin de las reservas

[country]

nivel de las reservas

saldo de las reservas

reserve requirement
[SNA93]
minimum reserve requirement

encaje legal
[SCN93]
reservas obligatorias

required reserves

reserve stringency

escasez de reservas

reserve target

monto de reservas fijado como objetivo

[IMF]

reserve tranche position

[IMF]

saldo en el tramo de reserva

[P45]
posicin en el tramo de reserva

reserve tranche purchase

compra en el tramo de reserva

[IMF]

reserve
[SNA93]

reserva
[SCN93]
provisin

reserve-import ratio

relacin de reservas a importaciones

IMF GLOSSARY WEB 2015 English Spanish

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reserve-related official borrowing

prstamos oficiales relacionados con las reservas

reserve-related transaction

transaccin relacionada con las reservas

residence

residencia
[MBP6; SCN93]

residence of enterprises

residencia de las empresas

residence of individuals

residencia de las personas fsicas

[BPM5]

resident official sector

[BPM5]

Resident Representative

[MBP5]

sector oficial residente

[MBP5]

Representante Residente

[IMF]
Res. Rep.

Resident Representative, Senior

Representante Residente Principal

[IMF]

resident
[GFSM]

residential construction

residente
[MEFP]

construccin de viviendas
construccin residencial

residential demand

demanda de los hogares

demanda de los particulares

IMF GLOSSARY WEB 2015 English Spanish

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residential investment

inversin en viviendas

residential land

terreno residencial

[urbanism]

resident-to-resident transaction

transaccin entre residentes

[BOP]

residual

residuo

residual item

partida residual

[BPM5]

residual maturity
[BPM6; Debt Guide, 1993; BPM6 Annoted Outline; External

[MBP5]

vencimiento residual
[MBP6; Gua de la deuda, 1993]

Debt Statistics: Guide for Compilers and Users, 1993]

plazo residual

remaining maturity

vencimiento remanente

[Debt Guide, 1993; FSIG]

[GISF]

residual method

mtodo de los residuos

residual, as a

por diferencia (entre ...)

como residuo
como valor residual

IMF GLOSSARY WEB 2015 English Spanish

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Page 608

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resilience

resiliencia

[FSIG]

resistencia
capacidad de reaccin
flexibilidad
[GISF]
capacidad de recuperacin
capacidad de adaptacin
ductilidad
capacidad de resistencia
fortaleza y resistencia

resolution and recovery plan

testamento vital

RRP

plan de resolucin y recuperacin

living will

resource allocation

asignacin de (los) recursos

allocation of resources

Resource and Information Management Section

Seccin de Gestin de Recursos e Informacin

[FAD/AI/RI]
RIMS

resource curse

maldicin de la abundancia

paradox of plenty

maldicin de los recursos

natural-resource curse

maldicin de la abundancia de recursos

resource gap

dficit de recursos
insuficiencia de recursos

Resource Management Division

Divisin de Gestin de Recursos

[MCM/RM]
RM

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 609

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Resource Management Wing

rea de Gestin de Recursos

[IMF-AFR]

resource taxation

impuestos sobre los recursos naturales

natural resource taxation

fiscalidad de los recursos naturales

resource-based economies

economas basadas en la explotacin de los recursos naturales

economas que dependen de los recursos naturales

resource-rich countries

pases ricos en recursos naturales

RRC

resources and expenditures

recursos y gastos

[SNA]

respondent bank

banco demandado

respondent

declarante

[IMF-STA; surveys]

responsive

encuestado

sensible
que reacciona

responsiveness
[e.g., output]

sensibilidad
grado de reaccin
capacidad de reaccin

rest of the world account

[BPM5; BPM5; SNA]

cuenta del resto del mundo

[MBP5]

ROW Account
rest of the world sector
[BPM5, SNA 1993, GFSM 2001]

IMF GLOSSARY WEB 2015 English Spanish

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restitution of gold

restitucin

restitution
[AA]

restocking

reposicin de existencias

restricted account

cuenta restringida

[GMBS]

restricted deposit

depsito restringido

[GMBS]

restricted distribution

distribucin restringida

[IMF information security]

restricted circulation

restricted session

sesin restringida

[IMF, Executive Board]

restrictive business practices

prcticas comerciales restrictivas

results-based aid

ayuda basada en resultados

[IBRD]

resumption of exchange transactions

reanudacin de las transacciones de cambio

retail bank

banco minorista

retail price index

ndice de precios al por menor

RPI

ndice de precios minoristas

IMF GLOSSARY WEB 2015 English Spanish

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retained earnings

utilidades no distribuidas

[BPM6; FSIG]
undistributed earnings
[BPM5]

[MBP5; MBP6]
utilidades retenidas
[GISF]

undistributed profits

beneficios no distribuidos

retained gains

beneficios no repartidos
[GISF]

retaliatory measure

medida de represalia
medida de retorsin

retention quota

cuota de retencin

retirement of outstanding debt

amortizacin de la deuda
amortizacin anticipada de la deuda
rescate de la deuda
rescate anticipado de la deuda

Retirement Reserve Account

Cuenta de Reserva para Jubilaciones

[IMF]

retrenchment

contraccin

retrenchment from risk

reduccin de las inversiones en activos de riesgo

retroactive country

casos retroactivos

[HIPC, PRGF]
retroactive country cases

IMF GLOSSARY WEB 2015 English Spanish

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return of investment

rentabilidad de la inversin

[capital flows]

rendimiento del capital invertido

retorno del capital invertido
retorno de la inversin

return on equity

rendimiento del capital

ROE

rendimiento del patrimonio neto

return on investment

rendimiento del capital invertido

ROI

retorno de la inversin

return on capital employed

rendimiento de la inversin

return on capital invested

returned exports and imports

[BPM5]

returns to scale

exportaciones e importaciones devueltas

[MBP5]

rendimientos de escala
rendimientos a escala

revaluation

revaluacin
[MBP6; SCN93]
revaloracin
[SCN93]
revalorizacin

revaluation changes

variaciones por revaloracin

Revenue Administration Division I, II

Divisin de Administracin de Ingresos Fiscales I, II

[FAD/R1, R2]
RAD1
RAD2

IMF GLOSSARY WEB 2015 English Spanish

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Revenue Administration Gap Analysis Program

Programa de anlisis de brechas en la administracin de ingresos

RA-GAP

pblicos
PAB-AIP

revenue and grants

ingreso y donaciones

[GFS 1986]

revenue collection

recaudacin de ingresos
recaudacin de rentas

revenue sharing grant

[public finance]

transferencia a ttulo de participacin en los ingresos fiscales

transferencia de coparticipacin
coparticipacin

revenue sharing

participacin en los ingresos fiscales

tax revenue sharing

participacin en los ingresos tributarios

tax sharing arrangement

coparticipacin de ingresos
[ARG]
coparticipacin de impuestos

revenue shortfall

dficit de ingresos
insuficiencia de ingresos

revenue stamp

timbre fiscal

tax stamp

estampilla fiscal
impuesto de sellos

revenue-enhancing measures

medida orientada a aumentar el ingreso fiscal

reversal of a loan

reintegro de un prstamo

[IMF]

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reversal of direction

cambio de sentido
cambio de signo

reverse engineering

ingeniera inversa

reverse equity investment

inversin directa en sentido contrario

reverse investment in equity

reverse direct investment
reverse investment

[MBP6]
inversin de una filial en la matriz
[GISF]
inversin en sentido contrario
[MBP5; MBP6]

reverse mortgage

hipoteca inversa con renta vitalicia

reverse annuity mortgage

hipoteca inversa

RAM

reverse repurchase operation

reporto pasivo

reverse operation

operacin de reporto pasivo

reverse transaction
[BPM6]
matched sale-purchase agreement
[USA]
MSP

[MBP6]
pase pasivo
[ARG]
operacin de pase pasivo
[ARG]

reverse repo
[BPM6]

reverse stand-by arrangement

acuerdo de derecho de giro a iniciativa del FMI

Review Committee

Comit de Examen

[IMF]
RC

review mission (Fund)

misin de revisin de un programa

IMF GLOSSARY WEB 2015 English Spanish

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Review of Fund Statistics

Examen de las Actividades de la Direccin de Estadstica

[IMF]

review
[IMF]

revisin (de un programa)

examen (de un programa)
reconsideracin (de una decisin)

reviews-based approach

supervisin basada en revisiones peridicas

enfoque basado en revisiones

revised downward

corregido a la baja
revisado a la baja

revised upward

corregido al alza
revisado al alza

Revision of the Balance of Payments Manual, Fifth Edition

+Revisin del Manual de Balanza de Pagos, Quinta Edicin+

(Annotated Outline)

(Resea Comentada)

Annotated Outline

Resea Comentada

revocation

revocacin

revolving character of resources

carcter rotatorio de los recursos

[IMF]

revolving credit facility

servicio de crdito rotativo

revolving credit

facilidad de crdito revolvente

crdito rotativo
crdito revolvente
crdito rotatorio
crdito renovable

IMF GLOSSARY WEB 2015 English Spanish

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revolving underwriting facility

servicio de suscripcin renovable

[Debt Guide, 1993; FSIG]

RUF
[BPM5; Debt Guide, 1993; Balance of Payments Manual -

[GISF]
suscripcin renovable garantizada
compromiso de suscripcin continuada

5th edition; External Debt Statistics: Guide for Compilers and

RUF

Users, 1993]

servicios de suscripcin rotatorios

[Gua de la deuda, 1993]

right to terminate participation

derecho a dar por terminada la participacin

[IMF]

right to withdraw
[IMF]

rights accumulation program

[Debt Guide, 1993]

derecho a retirarse
derecho de retiro

programa de acumulacin de derechos

[Gua de la deuda, 1993]

RAP

rights approach
[IMF]

enfoque de los "derechos"

[P45]

rights approach
[IMF]

rightsizing

racionalizacin

rightward tilt

inclinacin hacia la derecha

sesgo hacia la derecha

rigid price

precio rgido

inflexible price
sticky price

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ring system

sistema de suspensin del impuesto

[indirect taxation]

ringfence

delimitacin del mbito de aplicacin

ring fence
ring-fence
ringfencing

ring-fenced country

pas comprendido en la Iniciativa PPME

Rio+20

Conferencia de las Naciones Unidas de 2012 sobre Desarrollo

2012 UN Conference on Sustainable Development in Rio de

Sostenible celebrada en Rio de Janeiro

Janeiro

risk acceptance

aceptacin del riesgo

risk appetite index

ndice de apetito de riesgo

RAI

risk appetite

apetito de riesgo

appetite for risk

apetito por el riesgo

apetito por riesgo
[WHD REO]

risk asset

activo de riesgo

risk asset ratio

proporcin de activos de riesgo

Cooke ratio

risk aversion

aversin al riesgo

risk avoider

agente econmico que rehuye el riesgo

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risk capacity

capacidad para asumir riesgos

risk-taking capacity
risk-bearing capacity

risk category (of financial derivatives)

categora de riesgo (de los instrumentos financieros derivados)

risk exposure

exposicin

exposure

riesgo
exposicin al riesgo

risk management

gestin del riesgo

risk management process

gestin de riesgos

risk map

mapa de riesgos

risk mutualization

mutualizacin de riesgos

risk neutral

neutral al riesgo

risk on and risk off episodes

perodos de aceptacin o rechazo del riesgo

risk perception

percepcin del riesgo

risk pooling

distribucin de riesgos

risk premium

prima de riesgo sobre la tasa de inters

risk premium on interest rates

prima de riesgo
prima por riesgo

risk sharing

distribucin de riesgos

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risk taker

agente econmico dispuesto a asumir riesgos

risk tolerance

tolerancia al riesgo

risk-adjusted return on capital

rendimiento del capital ajustado en funcin del riesgo

[FSIG]

[GISF]

RAROC

RAROC

risk-based supervision

supervisin basada en el riesgo

RBS

risk-free interest rate

tasa de inters libre de riesgo

risk-off

perodo de condiciones desfavorables para la toma de riesgos

risk-off period

risk-on

perodo de condiciones favorables para la toma de riesgos

risk-on period

risk-on, risk-off

sincronizacin de los mercados en funcin de los riesgos

RORO
risk on, risk off

risk-weighted asset

activo ponderado por riesgo

RWA

APR

risk-adjusted asset

activo ponderado en funcin del riesgo

risk-weighted capital ratio

coeficiente de capital ponderado en funcin del riesgo

risk-based capital ratio

risk-weighted capital

capital ponderado en funcin del riesgo

risk-based capital

capital medido en funcin del riesgo

IMF GLOSSARY WEB 2015 English Spanish

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River Plate Division

Divisin del Ro de la Plata

[WHD/RL]

RMBS

ttulo garantizado por hipotecas residenciales

residential mortgage-backed security

Road to Lima 2015

Rumbo a Lima 2015

Road to Lima

Rumbo a Lima

robustness

solidez
robustez

rogue state

estado paria

rogue nation

estado bandolero

renegade government

estado delincuente
estado proscrito

rollback commitment

compromiso de desmantelamiento de restricciones

[WTO]

rollback of NAB credit arrangements

reduccin del monto de los acuerdos de obtencin de prstamos

(NAP)

rollback, tariff

desmantelamiento

rollover

renovacin
refinanciacin
[SCN93]
refinanciamiento
[Gua de la deuda, 1993; SCN93]

rollover credit

crdito renovable

IMF GLOSSARY WEB 2015 English Spanish

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Page 621

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roll-over date

fecha de renovacin
fecha del refinanciamiento

rollover pressure

presin para refinanciar

rollover risk

riesgo de refinanciamiento

root-mean square

media cuadrtrica

round

ronda

[GATT]

rounding tripping
roundtripping

royalty

ida y vuelta de fondos

[MBP6]

regala
derecho de patente

rule of law

Estado de derecho
imperio de la ley

rules and practices of the Fund

normas y prcticas del FMI

[IMF]
standard practices (of the Fund)

Rules and Regulations

Reglamento

[IMF]

rules for designation

normas de designacin

[SDR]

IMF GLOSSARY WEB 2015 English Spanish

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Page 622

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rules for reconstitution

normas de reconstitucin

[SDR]

rules for repurchase

normas de recompra

[IMF]

rules of origin
[customs]

normas de origen
reglas de origen

rules-based framework

marco basado en reglas

run on a currency

movimiento especulativo contra una moneda

corrida contra una moneda
[Am. Lat.]

rush of expenditure

urgencia por gastar

rush for expenditure

urgencia de gasto

rush in expenditure

prisa por gastar

sacrifice ratio

tasa de sacrificio

[production; employment]

tasa de sacrificio de la produccin

tasa de sacrificio del empleo

safe haven currency

moneda de refugio

safeguard measure

salvaguardia

[SNA93]

[SCN93]

safeguard clause

medida de salvaguardia

safeguard

clusula de salvaguardia

[SNA93]

salvaguardia
[SCN93]

IMF GLOSSARY WEB 2015 English Spanish

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Page 623

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safeguards assessment

evaluacin de las salvaguardias

safeguards assessment policy

poltica sobre evaluacin de salvaguardias

Safeguards Assessments Division

Divisin de Evaluacin de Salvaguardias

[FIN/SA]

safeguards on the use of Fund resources

salvaguardias en relacin con el uso de los recursos del FMI

safeguards

salary

sueldo
remuneracin

salary scale
[general]
salary schedule

escala de sueldos
escala salarial
escala de salarios

wage scale
wage schedule
pay scale
pay schedule
pay table

sales of land and intangible assets

ventas de tierra y activos intangibles

[GFSY]

sales tax
[GFS 1986; GFSM]

impuesto sobre las ventas

[GFS 1986]
impuesto a las ventas

sample

muestra

sample census

censo muestral

IMF GLOSSARY WEB 2015 English Spanish

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sample frame

marco de muestreo

sampling framework

sample of no commercial value

muestra sin valor comercial

[BOP]

sample survey
[BPM5]

encuesta por muestreo

encuesta por sondeo
encuesta muestral

sample variance

varianza muestral

sampling variance
[CPI]

sampling

muestreo

[BPM5]

Samurai bond

bono samurai

satellite account

cuenta satlite

satellite currency

moneda satlite

saturated market

mercado saturado

filled market

Saudi Arabian Monetary Agency

Instituto Monetario de Arabia Saudita

SAMA

SAMA

saving

ahorro
[SCN93]

IMF GLOSSARY WEB 2015 English Spanish

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saving rate

tasa de ahorro

saving(s) ratio

savings account

cuenta de ahorro
caja de ahorro
banco de ahorro
[SCN]
banco de ahorros
[MBP5]

savings and loan association

S&L

asociacin de ahorro y prstamo

[GMBS]
AAP

savings association

cooperativa de ahorro

[GMBS]

savings bank
[BPM5]

caja de ahorros
[MBP5]
banco de ahorros
[MBP5]

savings bond

bono de ahorro

savings certificate

certificado de ahorro

savings deposit

depsito de ahorro

savings glut

exceso de ahorro

saving glut

saturacin del ahorro

IMF GLOSSARY WEB 2015 English Spanish

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Page 626

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savings passbook

libreta de ahorro
cartilla de ahorro

saving-to-GDP ratio

relacin ahorro/PIB
razn ahorro/PIB

scalable solution

solucin escalable

scale effect

efecto de escala

scale factor

factor de escala

scaling factor

scale of charges for drawings

tarifa de cargos por giros

[IMF]

scale variable

variable de escala

scaling-up of aid

expansin de los flujos de ayuda

aumento de la ayuda

scalping

especulacin

[commodities market; securities market]

scarce currency

moneda escasa

scarcity rent

renta de escasez

hotelling rent

renta derivada de la escasez

HR

IMF GLOSSARY WEB 2015 English Spanish

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Page 627

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scarcity value

valor de escasez

[BPM5]

[MBP5]

scatter diagram

diagrama de dispersin

scenario

escenario
marco hipottico

schedular tax

impuesto cedular

schedule of charges

escala de cargos

schedule of repurchases

calendario de recompras
plan de recompras

schedule

anexo

annex

scheduled repurchase
[IMF]

recompra programada
plazo previsto en el plan de recompras

IMF GLOSSARY WEB 2015 English Spanish

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Page 628

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scheme

rgimen

[SNA93]
system
[SNA93]
arrangement
[SNA93]
regime

plan
[SCN93]
sistema
[SCN93]
mecanismo
Arreglo
[SCN93]
esquema
[SCN93]
programa
[SCN93]

SDDS Plus

NEDD Plus

SDR as numeraire

DEG como numerario

SDR qua numeraire

SDR as reserve instrument

DEG como instrumento de reserva

SDR as reserve
SDR qua reserve

SDR as unit of account

DEG como unidad de cuenta

SDR qua unit of account

SDR assessment

contribucin de DEG

assessment

contribucin para el funcionamiento del Departamento de DEG

SDR charges

cargos sobre las asignaciones de DEG

SDR Department

Departamento de DEG

IMF GLOSSARY WEB 2015 English Spanish

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Page 629

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SDR holdings account

cuenta de tenencias de DEG

SDR account

cuenta de DEG

SDR interest and charges

intereses y cargos sobre las tenencias de DEG

[IMF]

[P45]

SDR interest rate

tasa de inters del DEG

SDR interest rate basket

cesta de la tasa de inters del DEG

SDR basket

cesta de clculo de la tasa de inters del DEG

SDR interest

intereses sobre las tenencias de DEG

[IMF]

SDR loan facility

servicio de prstamos de DEG

same-day loan facility

[review of quotas]
SDR loan arrangement
same-day, no cost SDR loan
SDR same-day facility
same-day borrowing/repayment of SDRs
same-day loan and repayment in SDRs
SDR Facility

SDR use

uso de DEG

[IMF]

SDR valuation

valoracin del DEG

SDR valuation basket

cesta de valoracin del DEG

SDR basket

cesta del DEG

IMF GLOSSARY WEB 2015 English Spanish

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SDR weighted average interest rate

tasa media ponderada del DEG

tasa media de inters ponderada segn la frmula del DEG

SDR-denominated

denominado en DEG
expresado en DEG

sealed bid

licitacin en pliego cerrado

[GA]

seasonal adjustment
[BPM6; SNA93]

ajuste estacional
[MBP6; SCN93]
desestacionalizacin
[SCN93]

seasonal credit

crdito estacional

crop credit

crdito para una campaa agrcola

seasonal dummy variable

variable ficticia estacional

seasonal dummy

seasonal labor force

trabajadores de temporada

seasonal labor

trabajadores estacionales

seasonal workers

trabajadores migratorios

migrant labor

emigrantes

migrants

seasonal peak

mximo estacional(, punto)

seasonal unemployment

desempleo estacional

seasonally adjusted annual rate

tasa anual desestacionalizada

SAAR

IMF GLOSSARY WEB 2015 English Spanish

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Page 631

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Spanish

seasonally adjusted

desestacionalizado

[IFS]

seasoned security

valor mobiliario acreditado

ttulo acreditado

seat

puesto de bolsa

[securities exchange]

Second Central Bank Gold Agreement

Segundo Acuerdo sobre el Oro de los Bancos Centrales

CBGA2

second generation of reforms

segunda generacin de reformas

reformas de segunda generacin

secondary instrument

instrumento secundario

secondary market

mercado secundario
[SCN93]

secondary reserves
[banking: USA]

reservas secundarias
lnea secundaria de reservas

secondary line of reserves

secondary sampling unit

unidad secundaria de muestreo

SSU

USM

second-best solution

segunda alternativa

second-best optimum

ptimo de segundo grado

opcin subptima
segunda opcin ptima

IMF GLOSSARY WEB 2015 English Spanish

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Page 632

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second-best theory

teora del segundo ptimo

secondment

envo en comisin de servicio

[personnel]

adscripcin

second-round effects

efectos de segunda ronda

second-round price effect

efecto de segunda ronda del alza de precios

second-tier bank

banco de segunda lnea

banco de segundo piso

secret

secreto

[IMF information security]

Secretary (of the Fund)

Secretario (del FMI)

[IMF-SEC]

Secretary for Conferences, Assistant

Secretario Adjunto de Conferencias

[IMF-SEC; BFCO]

Secretary, Assistant

Secretario Adjunto

[IMF-SEC]

Secretary, Deputy

Subsecretario

[IMF-SEC]

Secretary-General

Secretario General

[UN]

IMF GLOSSARY WEB 2015 English Spanish

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Page 633

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Secretary's Department

Departamento de Secretara

[IMF]
SEC

Section Chief

Jefe de Seccin

[IMF]

sector GDP

PIB sectorial

sector

sector

[BPM5; SNA93]

Sectoral and Information Technology Resource Center

[IMF-WB]

[SCN93]

Centro de Asesoramiento en Tecnologa Sectorial y de la

Informacin

SITRC
Sectoral and IT Resource Center

sectorization

sectorizacin

sectorize

sectorizar

secular stagnation

estancamiento secular

secular trend

tendencia secular
tendencia a muy largo plazo

secured note

pagar garantizado

[USA]

Securing the recovery and anchoring the future

Asegurar la recuperacin y afianzar el futuro

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Page 634

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Securities Account

Cuenta de Valores

[IMF]

Securities and Exchange Commission

[USA]

Comisin de Bolsa y Valores

[+ttulo no oficial+]

SEC

securities broker

corredor de bolsa

security dealer

agente de corretaje
corredor de valores
corredor de bolsa
operador de valores

securities exchange

bolsa

stock exchange

bolsa de valores

stock market

mercado de valores

securities index future

futuro sobre ndices de valores

stock index future

futuro sobre ndices burstiles

share price index future

futuro sobre ndices de cotizaciones de acciones

index future

contrato de futuro sobre ndices de valores

contrato de futuro sobre ndices burstiles
contrato de futuro sobre ndices de cotizaciones de acciones

securities lending
[BPM6]

prstamo de valores
[MBP6]

Securities Markets Program

Programa para los Mercados de Valores

SMP

PMV

securities other than shares

valores distintos de acciones

[GFSM; FSIG; SNA93]

[MEFP; SCN93; GISF]

Otros valores distintos de acciones

IMF GLOSSARY WEB 2015 English Spanish

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Page 635

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securitization

titulizacin

[BPM5; BPM6; MFSM]

[MBP6; MEMF]
titularizacin
bursatilizacin
[MEX]
securitizacin

security classification
[process]

clasificacin
determinacin del nivel de seguridad

information classification
classification

Security Council

Consejo de Seguridad

[UN]

security issued for cash

valor emitido a cambio de efectivo

Security Operations Center

Centro de Operaciones de Seguridad

[IMF]
SOC

Security Services Division

Divisin de Servicios de Seguridad

[TGS/SE]

security
[finance]

ttulo
valor
valor mobiliario

seed capital
[SNA93]

capital inicial
[SCN93]

start-up capital

capital generador

initial capital

capital simiente

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seemingly unrelated regression

regresin aparentemente no relacionada

SUR

seigniorage
[GFS 1986; IFS]

seoreaje
monedaje

seizure

incautacin

seizure (of property)

confiscacin
decomiso
embargo

Select Committee of Experts on the Evaluation of Anti-Money

Comit de Expertos del Consejo de Europa

Laundering Measures

MONEYVAL

PC-R-EV Committee

Selected Decisions of the International Monetary Fund and

+Recopilacin seleccionada de decisiones del Fondo Monetario

Selected Documents

Internacional y otros documentos+

[IMF]

Selected Issues papers

documento de la serie "Selected Issues Papers"

SI

selection of Chairman and Vice-Chairmen

seleccin del presidente y de los vicepresidentes

[BL; Board of Governors]

selective default
[debt]

incumplimiento selectivo
cesacin de pagos selectiva

SD

selective excises on goods

impuestos selectivos sobre la produccin y el consumo de bienes

IMF GLOSSARY WEB 2015 English Spanish

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Page 637

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selective increase in quotas

aumento selectivo de las cuotas

self-adjustment

autoajuste
autocorreccin
autorregulacin

self-assessment
[taxation]

autoliquidacin del impuesto

autoliquidacin
liquidacin del impuesto por el propio contribuyente

self-consumption

consumo propio
autoconsumo

self-defeating prophecy

profeca autodestructiva

self-employed

trabajadores independientes

[GFSM; SNA93]
independent labor force

trabajadores por cuenta propia

[MEFP]
trabajadores autnomos

self-employment

trabajo independiente

self-financing

autofinanciamiento

self-fulfilling prophecy

profeca autovalidante

self-liquidating

autoamortizable

[projects]

self-regulatory organization

organismo autorregulado

SRO

IMF GLOSSARY WEB 2015 English Spanish

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Spanish

self-sufficiency

autosuficiencia

[in general]

independencia

self-reliance

autonoma

self-sustained ESAF

SRAE autofinanciado

[IMF]

SRAE autosuficiente

self-financing ESAF

self-sustained PRGF

SCLP autofinanciado

self-sustaining

autosostenido

self-sustained

sell short

vender en corto

shorting

vender en descubierto
sobrevender
especular a la baja

selldown

colocacin ntegra

sellers' market

mercado de vendedores
mercado favorable a los vendedores

selling exchange rate

tipo de cambio vendedor

selling rate

tipo vendedor

seller's rate

tipo de cambio de venta

offer rate

semidurable good

bien semiduradero

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semifinished good

producto semimanufacturado

semimanufacture

producto semielaborado

unfinished good

producto semiacabado

seminar

seminario

Seminars and Overseas Section

Seccin de Seminarios y Actividades en el Exterior

[INS/AV/SO]

semipublic enterprise

empresa mixta

parapublic enterprise
mixed enterprise

semiskilled labor

mano de obra semicalificada

semiskilled manpower

trabajador semicalificado

semiskilled worker

Sendai Dialogue

Dilogo de Sendai

Senior advisor

Asesor Principal

senior auditor

auditor principal

senior bond

obligacin prioritaria

Senior Consultant to the Managing Director

Consultor Principal del Director Gerente

[IMF-OMD]

senior creditor

acreedor privilegiado
acreedor de mayor rango

IMF GLOSSARY WEB 2015 English Spanish

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senior debt

crdito privilegiado

senior loan

crdito de rango superior

senior official

alto funcionario

high official

alto cargo

senior officer

[ESP]

[IMF]

senior staff
[IMF]

altos funcionarios
altos cargos
personal directivo

sensitivity analysis

anlisis de sensibilidad

sensitivity stress test

prueba de sensibilidad a la tensin

[bank supervision]

sensitivity test

prueba de sensibilidad

Seoul Action Plan

Plan de Accin de Sel

Seoul

Sel

[Korea]

separate currencies (within a member's territories)

monedas diversas

[IMF]

separation of powers

separacin de poderes

sequential cropping

cultivos sucesivos, multiples

multiple cropping

IMF GLOSSARY WEB 2015 English Spanish

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Page 641

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sequestration

embargo presupuestario

[budget; FSU]

serial bond issue

embargo presupuestario automtico

emisin de bonos en serie

emisin de obligaciones con vencimiento escalonado

serial correlation test

prueba de autocorrelacin

SCT

serial multiyear rescheduling arrangement

reprogramacin multianual en serie

serial MYRA

acuerdo de reprogramacin multianual en serie

serial multiyear rescheduling agreement

service charge
[BPM5]

cargo de giro
comisin por servicio

service fee

service economy

economa de servicios

tertiary economy

economa terciaria

service provider

proveedor de servicios

services on merchandise

servicios relacionados con mercancas

set of equations

sistema de ecuaciones

system of equations
[mathematics]

set off against each other

compensar obligaciones

[obligations]

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set

conjunto
[mathematics]

set-aside account

cuenta de recursos afectados

set-aside amount

recursos afectados

set-aside(s)

settlement agent

agente de pago
agente de liquidacin

settlement currency

moneda de pago
moneda de liquidacin

settlement day

da de liquidacin de valores de la Bolsa de Londres

settlement of accounts

liquidacin de cuentas

settlement of commitments

liquidacin de obligaciones

settlement of currency valuation adjustment

liquidacin del ajuste de valoracin de la moneda

settlement of disagreements

arreglo de desacuerdos

[IMF]

arreglo de diferencias

settlement of disputes

settlement of financial obligations

liquidacin de las obligaciones financieras

settlement risk

riesgo de liquidacin
riesgo de falta de pago

IMF GLOSSARY WEB 2015 English Spanish

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settlement system

sistema de liquidacin

[securities settlement systems]

settlement
[securities settlement systems]

settling-in grant

sistema de pagos

pago
liquidacin

asignacin para gastos de instalacin

[IMF-HRD]

severance pay

indemnizacin por despido

severance package

pagos por separacin

layoff pay
severance payments

severance tax

impuesto sobre la extraccin (de productos minerales)

[GFS 1986]

severely indebted low-income countries

pases de bajo ingreso gravemente endeudados

SILICs

severely indebted middle-income countries

pases de ingreso mediano gravemente endeudados

SIMICs

Sexual Orientation, Gender Identity and Development Initiative

iniciativa en materia de orientacin sexual, identidad de gnero y

SOGI

desarrollo

shadow banking

sistema bancario paralelo

IMF GLOSSARY WEB 2015 English Spanish

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shadow economy

economa sumergida

gray economy
underground economy
[SNA93]

[SCN93]
economa informal
economa subterrnea
[SCN93]
economa oculta
economa irregular
economa clandestina
economa invisible
economa negra
economa no registrada
economa gris

shadow exchange rate

tipo de cambio sombra

accounting exchange rate

tipo de cambio contable

shadow price

precio sombra
precio contable
precio virtual

shadow program

programa sombra

shallow financial market

mercado financiero poco profundo

Shanghai Cooperation Organization

Organizacin de Cooperacin de Shanghai

SCO

OCS

share capital

capital social

capital stock

capital accionario

share

accin

[SNA93]

[SCN93]
participacin

IMF GLOSSARY WEB 2015 English Spanish

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Shared Services Unit

Unidad de Servicios Compartidos

[TGS/DF/SS]

shares and other equity

[FSIG; GFSM; SNA93]

sharing clause

acciones y otras participaciones de capital

[GISF; MEFP; SCN93]

clusula de distribucin equitativa

clusula de distribucin
clusula de distribucin de los pagos recibidos de los deudores

shelf company
[BPM6]

sociedad en reserva
[MBP6]

off-the-shelf company
ready-made company

shell bank

banco simulado
banco cscara
banco pantalla
banco fantasma
banco ficticio

shell company

sociedad testaferro

dormant company

sociedad pantalla

front company

sociedad ficticia
sociedad testaferra
sociedad fantasma

sheltered sector

sector protegido

shift between reserve assets

cambio de composicin de los activos de reserva

shift in the adequacy of global reserves

variacin de la suficiencia de las reservas mundiales

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shift in the demand curve

desplazamiento de la demanda

shift in demand

desplazamiento de la curva de demanda

demand shift

shift in the supply curve

desplazamiento de la oferta

shift in supply

desplazamiento de la curva de oferta

supply shift

shift of short-term funds

desplazamiento de fondos a corto plazo

movimiento de fondos a corto plazo

shifting of tax burden

transferencia de la carga tributaria

[tax policy]
shifting of tax

shipment
[BPM5]

Shipping Unit

embarques
[MBP5]

Unidad de Embarques

[IMF]

shocks window

mecanismo de financiamiento para casos de shock

mecanismo para casos de shock

Shogun bond

bono shogun

short bank

banco con saldo deudor

short end of the market

mercado de capitales a corto plazo

IMF GLOSSARY WEB 2015 English Spanish

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short position

posicin sobrevendida
posicin corta
posicin en descubierto

short selling

venta en descubierto

short sale

sobreventa

[securities]

especulacin a la baja

short squeeze

contraccin alcista

shortfall

diferencia entre el resultado y lo previsto

deficiencia
disminucin
insuficiencia
[SCN93]
dficit
[SCN93]
prdida

shortfall year

ao de la insuficiencia

[CCFF]

short-term asset

activo a corto plazo

short-term capital

capital a corto plazo

[BOP]

short-term debt
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]

deuda lquida
deuda a corto plazo
[Gua de la deuda, 1993]

liquid debt

IMF GLOSSARY WEB 2015 English Spanish

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short-term interest rate

tasa de inters a corto plazo

short-term rate

tasa a corto plazo

Short-Term Liquidity Facility

Servicio de Liquidez a Corto Plazo

SLF

SLC

short-term liquidity line

lnea de liquidez a corto plazo

SLL

short-term paper

efectos comerciales a corto plazo

ttulos a corto plazo

short-term propensity

propensin en el corto plazo

propensin a corto plazo

Shua'a

Shua'a

shuttle trade

comercio de frontera
[WTO; MBP6]
turismo comercial
comercio fronterizo

side letter

carta complementaria

sight deposit liabilities

pasivos por depsitos a la vista

signaling

emisin de seales
sealizacin

IMF GLOSSARY WEB 2015 English Spanish

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signature loan

prstamo personal

unsecured loan

prstamo sin garanta real

personal loan

prstamo a sola firma

character loan

significance level

nivel de significacin

[statistics]

nivel de significancia

simple interest rate

tasa de inters simple

simplified assumption

supuesto simplificado

simplifying assumption

supuesto simplificador

simulation model

modelo de simulacin

simultaneous equations

ecuaciones simultneas

Singapore interbank offered rate

tasa interbancaria de oferta de Singapur

SIBOR

single banking license provision

disposicin sobre la autorizacin bancaria nica

[EC]

single currency

moneda nica

single currency loan

prstamo en una sola moneda

monocurrency loan

IMF GLOSSARY WEB 2015 English Spanish

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Single European Act

Acta nica Europea

[EC]

Acta nica

Single Act

Single European Market

[EC]

Mercado nico Europeo

Mercado nico

Single Market
[EC]

Single Resolution Authority

autoridad nica de resolucin

SRA

Single Resolution Mechanism

mecanismo nico de resolucin

SRM

MUR

Single Supervisory Mechanism

mecanismo nico de supervisin

SSM

MUS

single treasury account

cuenta nica de tesorera

STA

CUT

single-currency pegging

tipo de cambio fijo en relacin con una sola moneda

single peg

determinacin del tipo de cambio en relacin con una sola moneda

single-currency link

vinculacin a una sola moneda

unicurrency peg
unicurrency pegging

single-factor terms of trade

relacin de intercambio de factor nico

single-purpose expenditure rule

principio de especialidad presupuestaria

IMF GLOSSARY WEB 2015 English Spanish

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Page 651

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single-stage tax

impuesto monofsico
impuesto de etapa nica

single-topic mission

misin relativa a un solo sector

single-sector mission

misin sobre un solo sector

singular matrix

matriz singular

sinking fund

fondo de amortizacin

[GFS 1986]

SITC
[UN]

+Clasificacin Uniforme para el Comercio Internacional+

[MBP5]
+CUCI+

size of each credit tranche

cuanta de cada tramo de crdito

size of the Fund

magnitud de los recursos del FMI

monto de los recursos del FMI

skewed distribution

distribucin asimtrica

skewness

asimetra

skew

distribucin simtrica

skilled labor

mano de obra calificada

skilled manpower

trabajador especializado

skilled worker

slack capacity

capacidad no utilizada

idle capacity

capacidad ociosa

underemployed capacity

capacidad subutilizada

IMF GLOSSARY WEB 2015 English Spanish

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slack

atona

[economics]

falta de dinamismo
capacidad ociosa
[WHD REO]

sliding-scale clause

clusula de escala mvil

slippage

desviacin

[policy]

slope

pendiente

[mathematics]

slow adjusters

pases con ajuste gradual

pases que aplicaron (un) ajuste(s) gradual(es)

Slutzky effect

efecto Slutzky

small and medium-sized enterprises

pequea y mediana empresa

SMEs

PYME

small and medium-size enterprises

small and medium-scale enterprises
small and medium-sized industries
SMIs

small cap company

empresa de baja capitalizacin

small denomination note

billete de baja denominacin

small ingot

pequeo lingote

IMF GLOSSARY WEB 2015 English Spanish

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small island developing states

pequeos Estados insulares en desarrollo

SIDS

small island economy

pequea economa insular

small low-income economies

economas pequeas de bajo ingreso

smart economics

economa inteligente

Smoot-Hawley Tariff Act of 1930

Ley Smoot-Hawley de 1930 sobre Aranceles

Tariff Act of 1930

smoothing

suavizacin
atenuacin de las variaciones

smurfing

atomizacin de transacciones

structuring

smurfing
pitufeo

SNA 1993

Sistema de Cuentas Nacionales 1993

System of National Accounts 1993

SCN 1993

[UN]

SNA
System of National Accounts
[BPM5; SNA93]

social accounting
[GBR]

Sistema de cuentas nacionales

[SCN93]
SCN

cuentas nacionales
contabilidad social

social accounts

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 654

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social assistance benefits

prestaciones de asistencia social

[GFSM; SNA93]

social assistance scheme

[MEFP]

sistema de asistencia social

[GFSM 2001]

social assistance
[SNA93]

asistencia social
[SCN93]

social benefits

prestaciones sociales

social contributions

contribuciones sociales

[BPM5; GFSM 2001; BPM6; SNA93]

[MBP5; BPM5; SNA; MEFP; MBP6; SCN93]

aportaciones a la seguridad social
[MBP5]

social cost

costo social
costo colectivo

social divide

fractura social
fractura de la sociedad

social dumping

dumping social

[WTO]

social expenditure

gasto social

social wage

social impact analysis

anlisis del impacto social

SIA

AIS

IMF GLOSSARY WEB 2015 English Spanish

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social impact assessment

evaluacin de los efectos sociales

[World Bank]
SIA

social infrastructure

infraestructura social

social insurance benefits

prestaciones del seguro social

[GFSM; SNA93]

prestaciones de los seguros sociales

[MEFP]

social insurance contributions

[GFSM]

cotizaciones de seguridad social

contribuciones de seguridad social
contribuciones a los seguros sociales
[MEFP]

social insurance

seguro social

[SNA]

social overhead capital

capital social fijo

overhead capital

capital nacional fijo

social protection floor

piso de proteccin social

SPF

piso social
proteccin social mnima

social rate of return

tasa de rentabilidad social

SRR

tasa de retorno social

social safety

proteccin social

IMF GLOSSARY WEB 2015 English Spanish

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social safety net

red de proteccin

safety net

red de proteccin social

[GFSM]

[MEFP]
medidas de proteccin social

social security

seguridad social
[SCN93]
seguro social

social security contributions

[GFS 1986; GFSM; GFSY; SNA93]

social security funds

[GFS 1986; GFSM; SNA93]

contribuciones a la seguridad social

contribuciones al seguro social

fondos de seguridad social

[MEFP]
fondos de seguro social

social security system

sistema de seguridad social

social security scheme

rgimen de seguridad social

plan de seguridad social
seguridad social

social surplus

supervit social

net social benefit of production

social welfare

bienestar social

welfare

asistencia social

soft budget constraint

limitacin presupuestaria flexible

SBC

limitacin presupuestaria poco estricta

soft commodities

materias primas agrcolas

IMF GLOSSARY WEB 2015 English Spanish

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soft currency

moneda dbil

soft landing

aterrizaje suave

soft loan

prstamo concesionario
prstamo blando
prstamo en condiciones concesionarias
prstamo en condiciones favorables
crdito en condiciones favorables
[SCN93]
crdito blando
[SCN93]

soft patch

desaceleracin temporal
desaceleracin transitoria

soft peg

paridad blanda

soft pegging

tipo de cambio menos rgido

soft restructuring

reestructuracin "blanda"

soft terms

condiciones concessionarias, favorables

[lending]

sole source procurement

adquisiciones directas

single source procurement

contratacin directa con un solo proveedor

noncompetitive procurement

solve for +x+

despejar la +x+

[equations]

Solvency II

Solvencia II

IMF GLOSSARY WEB 2015 English Spanish

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solvency ratio

coeficiente de solvencia

some

algunos

[IMF]

South Africa Regional Technical Assistance Center

AFRITAC Sur

South AFRITAC
AFRITAC South
AFS

South African Customs Union

Unin Aduanera del frica Meridional

SACU

SACU

Southern African Customs Union

South Asian Association for Regional Cooperation

Asociacin del Asia Meridional para la Cooperacin Regional

SAARC

SAARC

South Sudan Topical Trust Fund

Fondo Fiduciario Especfico para Sudn del Sur

South/Central American I, II Division

Divisin de Amrica del Sur/Amrica Central I, II

[WHD/S1, S2]

Southeast Asia and Pacific Department

Departamento de Asia Sudoriental y el Pacfico

SEA

Southeastern Division I, II, III

Divisin de Europa Sudoriental I, II, III

[EUR/O1, O2, O3]

Southern African Development Community

Comunidad del Desarrollo de frica Meridional

SADC

SADC

IMF GLOSSARY WEB 2015 English Spanish

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Southern Common Market

Mercado Comn del Sur

MERCOSUR

MERCOSUR

Southern I, II Division

Divisin de Europa Meridional I, II

[EUR/S1, S2]

sovereign arrears

atrasos de la deuda soberana

atrasos en los pagos de la deuda soberana

Sovereign Asset and Liability Management Division

Divisin de Gestin de Activos y Pasivos Soberanos

[MCM/AL]

sovereign borrower

prestatario soberano

sovereign ceiling clause

clasula de techo soberano

sovereign credit

crdito soberano

sovereign credit default swap

swaps de riesgo de incumplimiento soberano

SCDS

sovereign credit ratings

calificaciones crediticias de la deuda soberana

sovereign debt

deuda soberana

sovereign debt crisis

crisis de la deuda soberana

Sovereign Debt Dispute Resolution Forum

Foro de Solucin de Controversias sobre la Deuda Soberana

[SDRM]
SDDRF

IMF GLOSSARY WEB 2015 English Spanish

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Sovereign Debt Forum

foro sobre la deuda soberana

SDF

sovereign debt restructuring mechanism

mecanismo de reestructuracin de la deuda soberana

Sovereign Debt Resolution Mechanism

SDRM

sovereign default

cesacin de pagos soberanos

sovereign rating

calificacin soberana

[debt]

calificacin del prestatario soberano

sovereign risk premium

prima de riesgo soberano

sovereign risk

riesgo soberano

political risk

riesgo de la deuda soberana

riesgo poltico
[Gua de la deuda, 1993]

sovereign spreads

diferenciales de los bonos soberanos

sovereign bond spreads

interest rate spreads

sovereign wealth fund

fondo soberano de inversin

SWF

sovereignty expenses

gastos reservados

spaghetti bowl

maraa de acuerdos comerciales

Spanish flu

gripe espaola

IMF GLOSSARY WEB 2015 English Spanish

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Page 661

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spare capacity

capacidad ociosa
[WHD REO]
capacidad no utilizada
capacidad de reserva

spatial economics

economa espacial

special account

cuenta especial

[Paris Club]

Special Advisor on Diversity

Asesor Especial sobre Diversidad

Special Advisor to the Managing Director

Asesor Especial del Director Gerente

[IMF-OMD]

Special Assistant to the Deputy Managing Director

Asistente Especial del Subdirector Gerente

[IMF-OMB]

special charges
[IMF]

cargos especiales
cargos adicionales

additional charges

Special Contingent Account 1

Primera Cuenta Especial para Contingencias

First Special Contingent Account

CEC-1

SCA-1

Special Contingent Account 2

Segunda Cuenta Especial para Contingencias

SCA-2

CEC-2

Second Special Contingent Account

Special Contingent Account

[BPM5]

Cuenta Especial para Contingencias

[MBP5]

IMF GLOSSARY WEB 2015 English Spanish

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Special Contingent Accounts--First and Second

cuentas especiales para contingencias (primera y segunda)

[IMF]

[P45]

Special Data Dissemination Standard Plus

Normas Especiales Plus para la Divulgacin de Datos

SDDS Plus

NEDD Plus

Special Data Dissemination Standard

Normas Especiales para la Divulgacin de Datos

[IMF-EBB]

NEDD

SDDS

normas especiales

special standard

normas ms rigurosas

more demanding standard

Special Disbursement Account

Cuenta Especial de Desembolsos

SDA

CED

Special Drawing Account

Cuenta Especial de Giro

[AA]

special drawing rights

[BPM5]
SDR
paper gold
[SDR]

derechos especiales de giro

[MBP5; SNA93]
derecho especial de giro
[MBP6; MEFP]
DEG

special drawing right

"oro papel"

special election

eleccin extraordinaria

[IMF, Executive Directors]

IMF GLOSSARY WEB 2015 English Spanish

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Special Facility for Sub-Saharan Africa

Servicio Especial de Asistencia para frica al sur del Sahara

[IBRD]

SEAASS

SFSA

Servicio Especial para frica

Special Facility for Africa

SEA

SFA

Servicio Africano

Africa Facility

special facility

servicio financiero especial

[IMF]

special interest group

grupo de inters, de intereses especficos, de presin

SIGS
lobby

special majority

mayora especial

qualified majority

mayora calificada

supermajority

mayora cualificada
[ESP]

special meeting

reunin extraordinaria

[IMF, Executive Board]

special mention

potencialmente riesgoso
potencialmente dudoso
con nota especial

Special Office Support Group

Grupo Especial de Apoyo Administrativo

[HRD/RSD]
SOS

IMF GLOSSARY WEB 2015 English Spanish

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special one-time allocation of SDRs

asignacin especial de DEG de carcter excepcional

[IMF]

asignacin especial de DEG

one-time special SDR allocation

equity allocation of SDRs
special SDR allocation
special allocation of SDRs

Special Program of Assistance (for the Low-Income Debt-

Programa Especial de Asistencia (para los Pases de Bajos Ingresos

Distressed Countries in Sub-Saharan Africa)

de frica al Sur del Sahara Agobiados por la Deuda)

[IBRD]
SPA
Special Program of Assistance (to Sub-Saharan Africa)

special purpose entity

entidad con fines especficos

SPE

entidad con fines especiales

EFE
entidad para fines especiales

special purpose vehicle

vehculo con fines especficos

SPV

VFE

special purpose entity

unidad creada para fines especficos

Special Recommendations on Terrorist Financing

8 Recomendaciones Especiales sobre la financiacin del terrorismo

[FATF]

9 Recomendaciones Especiales sobre la financiacin del terrorismo

FATF 8
Eight Special Recommendations
8 Special Recommendations on Terrorist Financing
FATF 8 Special Recommendations

Special Representative to the EU

Representante Especial ante la UE

[IMF-EUO]

IMF GLOSSARY WEB 2015 English Spanish

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Special Representative to the United Nations

Representante Especial ante las Naciones Unidas

SPRUNO

special reserve

reserva especial

special revenue bond

bono con garanta especial, rescatable con recursos especficos

special services departments

departamentos de servicios especiales

Special Trade Representative/Director

Representante Especial para Asuntos Comerciales/Director

[IMF-GEN]

specialized agency

organismo especializado

[UN]

Specialized Programs Unit

Unidad de Programas Especializados

[INS/AV/TR/SP]

specification

especificacin

spectral analysis

anlisis espectral

spectral density

densidad espectral

spectrum

espectro

speculative attack

ataque especulativo

speculative bubble

burbuja especulativa

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speculative demand for money

demanda especulativa de dinero

demanda de dinero con fines especulativos
demanda de dinero por motivo especulacin

speculative motive

motivo especulacin

speculation motive

spending-production lag

desfase gasto-produccin

Spexit

salida de Espaa de la zona del euro

spillbacks

efectos de rebote

spillover effect

efectos derivados

spillover

efectos secundarios

spinoff effect

efectos de arrastre

spillovers

repercusiones
efectos indirectos
efectos de contagio
efecto derrame

spillover report

informe sobre efectos de contagio

spin-off

cesin de activos

[enterprises]

split pricing

diferenciacin de precios

differential pricing

desdoblamiento de precios

spot market

mercado de entrega inmediata

cash market

mercado +spot+
mercado al contado

IMF GLOSSARY WEB 2015 English Spanish

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Page 667

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Spanish

spot price

precio de entrega inmediata

spot quotation

cotizacin al contado

spot rate

tipo de cambio al contado

cash price

tipo al contado

spot transaction

operacin de cambio al contado

spot exchange transaction

spouse and child allowance

asignacin por familiares a cargo

[IMF-HRD]
SCA

spread effect

efecto de propagacin

spread option contract

opcin sobre diferenciales

[derivatives]

opcin sobre diferenciales de tasas de inters

spread option

spread over LIBOR

margen por encima de la LIBOR

spread

spread

[SNA93]

diferencial
diferencia
[SCN93]
margen
[SCN93]
diferencial de tasas de inters
[WHD REO]

spreading of risks

diversificacin de los riesgos

risk spreading

distribucin de los riesgos

risk diversification

IMF GLOSSARY WEB 2015 English Spanish

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Page 668

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Spanish

spreadsheet

hoja de clculo
planilla electrnica

Spring Meetings

Reuniones de Primavera

[IMF; IBRD]

spurious correlation

correlacin espuria

Stability and Growth Pact

Pacto de Estabilidad y Crecimiento

SGP

stabilization fund

fondo de estabilizacin

[IMF, GMBS]

stabilization measure

medida de estabilizacin

stabilization policy

poltica de estabilizacin

Stabilization System for Export Earnings

Sistema de estabilizacin de los ingresos de exportacin

[Lom Convention]

STABEX

STABEX

stable but adjustable par values

paridades estables pero ajustables

Staff Assistant

Asistente de Secretara

[IMF]

Staff Association Committee

Comit de la Asociacin del Personal

[HRD/AI/SA]
SAC Office
SAC

IMF GLOSSARY WEB 2015 English Spanish

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Page 669

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Staff Development Center

Centro de Perfeccionamiento del Personal

[IMF-HRD]

Staff Development Division

Divisin de Perfeccionamiento del Personal

[HRD/SD]

staff development

perfeccionamiento del personal

[personnel]

staff dispersal

dispersin del personal

staff estimates

estimaciones de los funcionarios del FMI

[IMF]

staff member

estimaciones del personal tcnico del FMI

funcionario

[IMF]

Staff Memorandum

memorando del personal tcnico del FMI

[IMF document series; SM/...]

SM
staff report

staff mission
[IMF]

misin del personal tcnico del FMI

misin del FMI

Staff Position Note

nota de sntesis del personal tcnico del FMI

Staff Position Paper

nota de sntesis

staff projections

proyecciones de los funcionarios del FMI

[IMF]

proyecciones del personal tcnico del FMI

IMF GLOSSARY WEB 2015 English Spanish

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Page 670

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staff regulations

disposiciones sobre el personal

[IMF]

staff report for the Article IV consultations

informe del personal tcnico sobre las consultas del Artculo IV

Article IV report

informe sobre la consulta del Artculo IV

article IV consultation report

Staff Retirement Fund

Fondo de Jubilaciones del Personal

[IMF]
SRF

Staff Retirement Plan

Plan de Jubilacin del Personal

[IMF]
SRP

staff-monitored program

programa supervisado por el FMI

SMP
Fund-monitored program

stage one

primera etapa

[IMF, safeguards assessment]

stage two

segunda etapa

[IMF, safeguards assessment]

stagflation

estanflacin
[SCN93]

stagnation

estancamiento

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 671

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stakeholder

parte interesada
interesado
interesado principal
actor
protagonista
tercero involucrado

stale check

cheque vencido
cheque caducado

stamp tax

impuesto de timbre
impuesto de sellos

stand alone Article IV reports

informe sobre la consulta del Artculo IV exclusivamente

standard basket

cesta tipo

[currencies]

canasta tipo

standard component

componente normalizado

standard data report form

formularios estandarizados de declaracin de datos

SDRF

FEDD

standardized data report form

standard report form
standardized report form
SRF

standard deviation

desviacin estndar
desviacin normal
desviacin tpica

IMF GLOSSARY WEB 2015 English Spanish

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standard error of estimate

error tpico de estimacin

SEE

error estndar de estimacin

SE

Standard International Trade Classification

[UN]

+Clasificacin Uniforme para el Comercio Internacional+

[MBP5]

SITC

+CUCI+

standard market quotation

cotizacin estndar de mercado

cotizacin corriente de mercado

standard normal distribution

distribucin normal estndar

distribucin normal tpica

standard normal variable

variable normal tpica

variable normal estndar

standard of value

patrn de valor

standardization

normalizacin
estandarizacin
estandardizacin

standardized report form

formulario estandarizado de declaracin de datos

standardized variable

variable tipificada

Standards and Codes Initiative

Iniciativa sobre Normas y Cdigos

Standards and Coordination Unit

Unidad de Normas y Coordinacin

[PDR/AI/SC]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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standard-setting organization

organismo normativo
entidad normativa

Stand-By Arrangement
[IMF]

acuerdo de derecho de giro

Acuerdo +Stand-By+

SBA

stand-by charge

cargo por acuerdo de derecho de giro

[IMF]

Standby Credit Facility

Servicio de Crdito "Stand-By"

SCF

SCS

stand-by credit

crdito en el marco de un acuerdo de derecho de giro

stand-by loan

Stand-By Operations Division

Divisin de Operaciones relativas a Acuerdos de Derecho de Giro

[SPR/ST]
SBO

standing committee

comisin permanente
comit permanente

standstill agreement

acuerdo de mantenimiento del statu quo

standstill
[Debt Guide, 1993; External Debt Statistics: Guide for
Compilers and Users, 1993]

standstill commitment

compromiso de statu quo

[WTO]

IMF GLOSSARY WEB 2015 English Spanish

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standstill on payments

moratoria de pagos (por acuerdo mutuo)

standstill agreement

moratoria autorizada

staple crop

cultivo bsico

start-up cost

costos iniciales
costos de puesta en marcha

state capture

conquista del Estado

control del Estado

state trading economy

economa de comercio estatal

state, provincial, or regional government

gobierno estatal, provincial o regional

statement of account

estado de cuenta

[banking]

extracto de cuenta

account statement

Statement of Government Operations

[GFSM 2001]

estado de operaciones del gobierno

[MEFP]

statement of income and expenses

estado de resultados

statement of income

cuenta de resultados

income statement

estado de prdidas y ganancias

profit and loss statement

estado de ingresos y gastos

income and expense statement

statement of other economic flows

estado de otros flujos economicos

[GFSM 2001]

IMF GLOSSARY WEB 2015 English Spanish

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Spanish

statement of sources and uses of cash

estado de fuentes y usos de efectivo

[MEFP]

Statement of Surveillance Priorities

Declaracin de prioridades de la supervisin

SSP

Statement of Workplace Values

declaracin de valores del personal

static efficiency

eficiencia esttica

stationary state

estado estacionario

Statistical Appendix

apndice estadstico

[IMF]

Statistical Commission

Comisin de Estadstica

[UN]

statistical correspondent
[IMF-STA]

corresponsal de estadsticas
corresponsal encargado de estadsticas

correspondent on statistical matters

Statistical Data and Metadata Exchange initiative

Iniciativa sobre el intercambio de datos y metadatos estadsticos

SDMX initiative

Statistical Data and Metadata Exchange

intercambio de datos y metadatos estadsticos

SDMX

statistical data source

fuente de los datos estadsticos

[MPI]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 676

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statistical decision theory

teora de las decisiones estadsticas

decision analysis

statistical discrepancy

discrepancia estadstica

[statistics]

statistical inference

inferencia estadstica

Statistical Information Management Section

Seccin de Gestin de la Informacin Estadstica

[STA/AI/SI]
SIMS

statistical noise

ruido estadstico

Statistical Office of the European Communities

Oficina Estadstica de las Comunidades Europeas

[EU]

EUROSTAT

EUROSTAT

statistically significant

estadsticamente significativo

Statistics Department

Departamento de Estadstica

[IMF]
STA

status of the Fund

condicin jurdica del Fondo

status, immunities, and privileges

condicin jurdica, inmunidades y privilegios

[AA]

Statute of the European System of Central Banks and of the

Estatutos del Sistema Europeo de Bancos Centrales y del Banco

European Central Bank

Central Europeo

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 677

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statutory ceiling

lmite legal

statutory power

poder legal
facultad legal

statutory reserve
[banking; insurance]

reserva legal
encaje legal

legal reserve

stay of payments

suspensin de pagos con acuerdo de los acreedores

suspensin de pagos

stay on creditor litigation

suspensin de las acciones de los acreedores

steady state

estado estable

steady-state growth

crecimiento en estado estable

crecimiento a una tasa constante

steering committee

comit de coordinacin
comit de direccin

stem and roll back

frenar y desmantelar

[trade restrictions]

step depreciation

depreciacin discreta

discrete depreciation
one-off depreciation
discrete step depreciation

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 678

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sterilization

esterilizacin
esterilizacin monetaria
neutralizacin

sterilize

esterilizar

[central banking]

sterilized intervention

intervencin esterilizada

[central banking]

stickiness

inflexibilidad a la baja

downward rigidity

rigidez
adhesividad
rigidez a la baja

stigma

estigma

stochastic

estocstico

stochastic model

modelo aleatorio
modelo estocstico

stochastic relationship

relacin aleatoria

stock buyback

recompra de acciones propias

share repurchase

formacin de autocartera

share buyback

stock cycle

ciclo de existencias

inventory cycle

ciclo de inventario

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 679

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stock data

datos de saldos

position data

datos sobre saldos

stock dividend

dividendo en acciones

[USA]
scrip issue
[GBR]

stock index option contract

contrato de opcin basado en ndices burstiles

stock ledger

registro de accionistas

[accounting]
share ledger

stock option plan

plan de opcin de compra de acciones

stock split

fraccionamiento de acciones

[securities]
split
split-up

stock variable

variable de stock
variable de saldo

stock
[SNA93]

stock
masa
saldo
[MEFP]
tenencias
[MBP5; MBP6]

stockbuilding

acumulacin de existencias

IMF GLOSSARY WEB 2015 English Spanish

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Page 680

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stock-of-debt operation

operacin sobre el saldo de la deuda

[Paris Club; HIPC Initiative; Debt Guide, 1993]

[Gua de la deuda, 1993]

debt stock agreement

operacin de reduccin del saldo de la deuda

stockpiling

acumulacin de existencias de reservas

Stockroom

almacn de material

[IMF]

stocks and flows

saldos y flujos
tenencias y flujos
stocks y flujos
[SCN]

stock-to-use ratio

relacin existencias/uso

Stolen Assets Recovery Initiative

Iniciativa para la Recuperacin de Activos Robados

StAR

StAR

stop-filer

contribuyente omiso

[taxation]

stopgap measure

medida de emergencia

palliative measure

paliativo
medida provisional

stop-go (policy)

poltica de avance intermitente

stop and go

alternancia rpida de medidas de expansin y contraccin

stop-loss rules

normas para limitar el dao

store of value

reserva de valor

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 681

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stores and fuel

pertrechos y combustible

[BPM5]

straddle

straddle

straight bond

bono ordinario

straight debt

deuda ordinaria

straight-line depreciation

amortizacin constante

[accounting]
linear depreciation

amortizacin lineal
amortizacin de cuotas fijas
amortizacin por el mtodo de la lnea recta
depreciacin lineal

Strategic Directions

orientaciones estratgicas

Strategic Issues Division

Divisin de Asuntos Estratgicos

[RES/SI]

Strategic Partnership with Africa

Alianza Estratgica para frica

[IBRD]
SPA

Strategy and Planning Unit

Unidad de Estrategia y Planificacin

[MCM/AI SU]
SU

Strategy, Policy, and Review Department

[IMF]

Departamento de Estrategia, Polticas y Evaluacin

Departamento de Estrategia, Polticas y Evaluacin

SPR

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 682

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streamlined Article IV consultations

consultas del Artculo IV simplificadas

streamlining of conditionality

racionalizacin de la condicionalidad

streamlining of the public sector

racionalizacin del sector pblico

strengthened bilateral surveillance

supervisin bilateral reforzada

strengthened debt strategy

estrategia reforzada ante la deuda

[IMF]

strengthening of ownership

mayor identificacin de los pases con los programas

stress test scenario

escenario con prueba de resistencia

[bank supervision]

stress test
[Debt Guide, 1993; FSIG]
stress testing
[FSAP]

prueba de esfuerzo
[Gua de la deuda, 1993]
prueba de tensin
[GISF]
prueba de estrs
prueba de tensin ("stress test")
[WHD REO]
prueba de resistencia

strictly confidential

estrictamente confidencial

[IMF information security]

strike

huelga
paro
[Am. Lat.]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 683

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stripped bond

bono desprovisto de cupn

stripped security

bono sin cupn

ttulo desmantelado

stripped securities

ttulos desmantelados

stripping (of coupons from bonds)

corte de cupn

strong adjusters

pases con ajuste riguroso

[IMF/WEO]

pases que aplicaron (un) ajuste(s) riguroso(s)

strong law of large numbers

ley fuerte de los grandes nmeros

structural adjustment credit

crdito para ajuste estructural

[IBRD]

[BIRF]

SAC

Structural Adjustment Lending

[IBRD]

prstamo para ajuste estructural

prstamo para fines de ajuste estructural

SAL

structural benchmark

parametro de referencia estructural

SB

structural change in output

cambio en la estructura de (la) produccin

structural conditionality

condicionalidad estructural

structural equation

ecuacin estructural

[econometrics]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 684

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structural policy

poltica estructural
reforma estructural

structural primary balance

saldo primario estructural

structural rigidity

rigidez estructural

structural inflexibility

inflexibilidad estructural

structural unemployment

desempleo estructural

structured finance

productos de crdito estructurados

structured investment vehicle

vehculo de inversin estructurada

SIV

structured note

pagar estructurado

Student's +t+-distribution

distribucin de Student

+t+-distribution

ley de Student

Student distribution

Student's +t+-statistic
[statistics]
+t+-statistic

estadstico +t+
coeficiente de Student
coeficiente +t+

+t+-ratio

stunted growth

crecimiento frenado
crecimiento retardado

stylized fact

hecho estilizado
generalizacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 685

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subcomponent

subcomponente

subcontract

subcontrato

subject to repurchase

sujeto a recompra

submission of bids

presentacin de ofertas

subnational government

gobierno subnacional
niveles inferiores de gobierno

subordinated debt

deuda subordinada

junior debt

crdito de rango inferior

subprime mortgage market

mercado de prstamos hipotecarios de alto riesgo

nonprime mortgage market

mercado de hipotecas de alto riesgo

subprime mortgage

prstamo hipotecario de alto riesgo

subprime loan

subprime sector

sector de hipotecas de alto riesgo

Subregional Integration Agreement

Acuerdo de Integracin Subregional

Andean Pact

Pacto Andino

[Andean Group]

Sub-Saharan Africa Regional Economic Outlook

Perspectivas econmicas regionales de frica

sub-Saharan Africa

frica subsahariana

SSA

frica al sur del Sahara

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 686

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subscribe to the standard

acogerse a las normas

[GDDS, SDDS]

subscriber country
[GDDS, SDDS]

adherirse a las normas

pas adherente
pas participante
pas suscriptor

subscript

subndice

subscription to the standard

adhesin a la norma

[GDDS, SDDS]

subscriptions of members

suscripcin a la norma

suscripciones de los pases miembros

[IMF]

subset

subconjunto

[mathematics]

subsidiarity

subsidiariedad

[EU]

subsidiaridad

subsidiary enterprise

filial

subsidiary

compaa subsidiaria

incorporated branch
subsidiary company

subsidization of post-conflict emergency assistance

[IMF]

subsidized interest rate

subvencin de la asistencia de emergencia a los pases en situacin

de posconflicto

tasa de inters subvencionada

tasa de inters subsidiada

IMF GLOSSARY WEB 2015 English Spanish

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Page 687

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subsidy

subvencin
subsidio

subsidy resources

recursos para subvenciones

subsistence income

ingreso de subsistencia
ingreso mnimo vital

subsoil asset

activo del subsuelo

substandard asset

activo de calidad inferior

subpar asset

activo inferior

substitute good

bien sustitutivo

substitute

sucedneo

competitive good

sustituto

substitution account

cuenta de sustitucin

substitution bias

sesgo de sustitucin
sesgo por sustitucin

substitution effect

efecto de sustitucin

substitution of securities for currency

sustitucin de monedas por valores

[IMF]

substitution threshold price

precio umbral de sustitucin

[international commodity agreements]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 688

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successful bidder

adjudicatario

successful tenderer

sudden stop of capital flows

interrupcin repentina de flujos externos

sudden stop

frenada brusca de la afluencia de capitales

SS
sudden stop crises

Suming-up Room

Sala de Redaccin de Actas

[IMF-SEC]

summary accounting

contabilidad sinttica

summary proceedings

acta resumida

summary record

summary statement

estado resumido

[IMF, operations and transactions]

summary table

cuadro sinttico

[GFSY]

Summit Level Group for South-South Consultations and Co-

Grupo Cumbre de Consulta y Cooperacin Sur-Sur

operation

Grupo de los Quince

Group of Fifteen

G-15

Group of 15

sum-of-the-years'-digits

mtodo de amortizacin decreciente

[accounting]
SOYD

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 689

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sundry cash accounts

cuentas diversas de caja

[BL]

sunk cost

costo hundido

sunken cost

costo irrecuperable

sunset clause

clusula de caducidad automtica

sunset legislation

ley de caducidad automtica

[USA]

ley con disposicin de extincin automtica

sunset act

super gold tranche

supertramo de oro

[AA]

superscript

ndice superior

Supervisory Capital Assessment Program

Programa de evaluacin del capital de los bancos

[USA]

programa SCAP

SCAP

supervisory data source

fuente de los datos de supervisin

[MPI]

supervisory practice and regulation

normas y prcticas de supervisin

supplement reserves, need to

necesidad de complementar las reservas

[IMF]

Supplemental Reserve Facility

[IMF]

Servicio de Complementacin de Reservas

SCR

SRF

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 690

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supplementary budget

presupuesto complementario

supplementary appropriation

Supplementary Financing Facility Subsidy Account

[IMF]

Cuenta de Subvencin del Servicio de Financiamiento

Suplementario

SFF Subsidy Account

[IMF]

Supplementary Financing Facility

[IMF]

Servicio de Financiamiento Suplementario

SFS

SFF

supplier

proveedor
abastecedor

supplier industry

industria abastecedora

upstream industry

supplier's credit
[Debt Guide, 1993; External Debt Statistics: Guide for

crdito de proveedores
[Gua de la deuda, 1993]

Compilers and Users, 1993]

supplies and equipment

[BPM5]

suministros y equipo
[MBP5]

supply and use table

cuadro de oferta y utilizacin

supply and use

oferta y utilizacin

[SNA93]

supply bottleneck

[SCN93]

estrangulamiento de la oferta
estrangulamiento en el suministro

IMF GLOSSARY WEB 2015 English Spanish

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Page 691

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supply chain

cadena de suministro

supply curve

curva de oferta

supply schedule

tabla de oferta

supply

oferta

[SNA93]

[SCN93]
abastecimiento
aprovisionamiento

supply-chain disruptions

trastornos de la cadena de suministro

supply-side constraints

restricciones por el lado de la oferta

supply-side economics

economa de oferta
doctrina macroeconmica basada en la oferta
ofertismo

supply-side policy

poltica de incentivos a la oferta

poltica de oferta
poltica de estmulo a la oferta

supply-sider

partidario de la economa de oferta

ofertista

support intervention

intervencin de apoyo

[exchange market]

IMF GLOSSARY WEB 2015 English Spanish

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Page 692

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support price

precio de apoyo
precio de subvencin
precio garantizado
precio sostn

support ratio

razn poblacin activa/poblacin inactiva

tasa de dependencia inversa
tasa de sustento

support remittance

remesa de manutencin

support services

servicios de apoyo

[IMF]

support staff
[IMF]

supporting document

personal auxiliar
personal de apoyo

documentacin probatoria
documentacin justificativa
comprobante

supporting table

cuadro bsico, detallado, explicativo

suppressed inflation

inflacin reprimida

repressed inflation

inflacin contenida
inflacin latente

supranational authorities and institutions

autoridades e instituciones supranacionales

[GMBS]

IMF GLOSSARY WEB 2015 English Spanish

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Page 693

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supranational authorities

autoridades supranacionales

[GFS 1986]
supranational institutions

surcharge

recargo
sobretasa (IMF facilities)

surcharge to the basic rate of charge

sobretasa adicional a la tasa de cargos bsica

[IMF]

surplus country

pas con supervit

pas superavitario

surplus economies

economas con supervit

economas superavitarias

surplus value

plusvala

surplus

supervit

[accounting]

surrender of foreign exchange

excedente

cesin de divisas
entrega de divisas
liquidacin de divisas

surtax

sobretasa

surveillance

supervisin

surveillance agenda

agenda de supervisin

SA

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 694

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Surveillance and Review Division

Divisin de Supervisin y Evaluacin

[MCM/SR]

Surveillance Committee

Comisin de Supervisin

[IMF, Executive Board]

Surveillance document
[IMF document series; SUR/...]

documento SUR
documento de la serie SUR

SUR

Surveillance Operations Division

Divisin de Operaciones de Supervisin

[SPR/SV]

surveillance over exchange arrangements

supervisin de los regmenes de cambios

[IMF]

Surveillance Review Division

Divisin de Examen de la Supervisin

[SPR/SW]

survey form

cuestionario

questionnaire

survey on capital markets

panorama de los mercados de capital

[IMF]

suspend provisions, to

suspender la aplicacin de disposiciones

suspense account

cuenta suspensiva

transit account

cuenta de suspensin

clearing account

cuenta transitoria
cuenta provisoria

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 695

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suspicious activity report

reporte de operaciones sospechosas

[USA]
SAR

ROS
informe sobre operaciones sospechosas

suspicious transaction report

[GBR]
STR

sustainability

sostenibilidad
viabilidad
sustentabilidad

sustainable debt

deuda sostenible
deuda viable
deuda sustentable

sustainable development

desarrollo sostenible
desarrollo viable
desarrollo sustentable

Sustainable Development Goals

Objetivos de Desarrollo Sostenible

SDGs

ODS

sustainable growth

crecimiento sostenible
crecimiento viable
crecimiento sustentable

sustained capital outflow

salida continua de capital

sustained growth

crecimiento duradero
crecimiento sostenido

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 696

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swap arrangement

acuerdo de "swap"

swap

swap
canje
permuta
permuta financiera
operacin de pase
pase
operacin de canje
[MEFP]
swap

swap line

lnea de crdito recproco

temporary reciprocal currency arrangement

swaption

opcin sobre un +swap+

swap option

sweep account

cuenta sweep

swing credit

crdito recproco al descubierto

lnea de crdito a muy corto plazo

switch transaction

transaccin de arbitraje

[exchange market]

SWOT analysis

anlisis FODA

strengths, weaknesses, opportunities, and threats

anlisis de fortalezas, oportunidades, debilidades y amenazas

symmetrical action

medidas simtricas

[AA]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 697

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syndicate

consorcio bancario

consortium

consorcio de bancos

pool

syndicated loan

prstamo sindicado

syndicated credit

prstamo de un consorcio bancario

prstamo suscrito por un consorcio bancario

synthetic collateralized debt obligation

obligacin sinttica garantizada con deudas

synthetic CDO

synthetic instrument

instrumento sinttico

system of accounting and internal control

sistema de contabilidad y control interno

System of Balances of the National Economy

Sistema de Balances de la Economa Nacional

[BPM5]
System of Material Product Balances
[BPM5]

[MBP5]
Sistema de Balances del Producto Material
[MBP5]

MPS

SPM

Systematic Country Diagnostic

diagnstico sistemtico del pas

SCD

systematic risk
[financial sector]
market risk

riesgo sistemtico
riesgo de mercado
riesgo no diversificable

undiversifiable risk
beta risk

Systemic Issues and Crisis Resolution Division

Divisin de Cuestiones Sistmicas y Resolucin de Crisis

[MCM/SI]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 698

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systemic liquidity

liquidez sistmica

systemic risk

riesgo sistmico

[securities settlement systems]

Systemic Transformation Facility

[IMF]

Servicio para la Transformacin Sistmica

STS

STF

systemically important financial institutions

instituciones financieras de importancia sistmica

SIFI

systemically important financial system

sistema financiero de importancia sistmica

systemically important institution

institucin de importancia sistmica

table top exercise

simulacin

desk top exercise

ejercicio de simulacin

TAC

Comit de Asistencia Tcnica

Technical Assistance Committee

CAT

t-account

cuenta "T"

tail event

variaciones extremas
evento extremo

tail risk

riesgo de cola
riesgo de variaciones extremas
riesgo extremo
[WHD REO]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 699

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tailwinds

impulso favorable

tailwind

vientos de cola

TAIMS

Sistema de Gestin de la Informacin sobre Asistencia Tcnica

Technical Assistance Information Management System

tainted asset

activo txico
activo contaminado

takeoff
[economics]

despegue
arranque
reactivacin
impulso

takeover
[enterprises]

toma de control
adquisicin
absorcin
[MBP5]

tangible common equity

capital en acciones ordinarias

TCE
tangible equity capital

tap issue

emisin continua

[government securities]

tapering of unconventional monetary policies

abandono gradual de las polticas monetarias no convencionales

tapering

modular la salida de las polticas monetarias no convencionales

repliegue de las polticas monetarias no convencionales

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 700

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target group

grupo beneficiario
grupo escogido como meta
grupo meta

target range

banda meta
banda fijada como meta

target variable

variable objetivo
variable meta

target zone
[exchange rates]

zona meta
banda cambiaria
zona de referencia

targeting

focalizacin
orientacin
fijacin de metas

tariff barrier

barrera arancelaria
obstculo arancelario

tariff binding
[trade]

consolidacin arancelaria
consolidacin

binding

tariff escalation

progresividad arancelaria
escalada de los aranceles
progresin arancelaria

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 701

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tariff heading

partida arancelaria

[BTN]
tariff item
[BTN, SITC]

tariff peak
[GATT]
peak
[BPM5]

mximo arancelario
[MBP5]
cresta arancelaria
cresta

tariff preference

preferencias arancelarias

tariff rate quota system

sistema de cuotas arancelarias

[trade]

tariff schedule

arancel de aduanas

task force

grupo de estudio
grupo de trabajo

Task Force on Anti-Money Laundering and the Financing of

Grupo de trabajo del FMI sobre la lucha contra el lavado de dinero y

Terrorism

el financiamiento del terrorismo

[IMF]

Task Force on Coordinated Portfolio Investment Survey

[IMF-STA]

Task Force on External Debt and Reserves

[IMF]

Grupo de Trabajo del FMI para la Realizacin de una Encuesta

Coordinada sobre la Inversin de Cartera

Grupo de estudio del FMI sobre la deuda externa y las reservas

internacionales

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 702

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Task Force on Finance Statistcs

Grupo de tareas interinstitucional sobre estadsticas financieras

TFFS

GTIEF

Inter-Agency Task Force on Finance Statistics

[UN]

Task Force on Implementation of Standards

Grupo de Trabajo sobre la Aplicacin de las Normas

[FSF]

Task Force on Multilateral Development Banks

Grupo de estudio sobre los bancos multilaterales de desarrollo

[Development Committee]

Task Force on Nonconcessional Flows

[Development Committee]

Task Force on Statistics of International Trade in Services

[UN]

Grupo de Estudio sobre Corrientes de Fondos en Condiciones no

Concesionarias

equipo de tareas en estadsticas del comercio internacional de

servicios

Task Force on the Harmonization of Public Sector Accounting

Grupo de Trabajo para la Armonizacin de las Prcticas Contables

TFHPSA

del Sector Pblico

tax abatement

rebaja de impuestos

Tax Administration Diagnostic Assessment Tool Trust Fund

Fondo Fiduciario de la Herramienta Diagnstica de Evaluacin de la

Administracin Tributaria

Tax Administration Diagnostic Assessment Tool

Herramienta Diagnstica de Evaluacin de la Administracin

TADAT

Tributaria

tax administration reform

reforma de la administracin tributaria

TAR

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 703

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tax administration

administracin tributaria

[function]

administracin impositiva
administracin de impuestos

tax amnesty

amnista fiscal

tax arbitrage

arbitraje de impuestos
arbitraje tributario

tax assessment
[GFSM]
assessment

determinacin de la base imponible

clculo del impuesto
tasacin
base imponible

tax audit

inspeccin tributaria
inspeccin de hacienda
auditora impositiva
auditora fiscal

tax avoidance

elusin fiscal
evasin no ilegal de impuestos
evasin de impuestos

tax base

base imponible
base impositiva
base tributaria

tax bracket

tramo (de la escala impositiva)

categora tributaria

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 704

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tax buoyancy

elasticidad tributaria global

buoyancy of a tax system

elasticidad global de un sistema tributario

buoyancy of tax revenue

flexibilidad tributaria
capacidad de reaccin de un sistema tributario

tax burden

presin fiscal
carga fiscal
carga impositiva
carga tributaria

tax clearing certificate

certificado de pago de impuestos

tax clearance

tax collection

recaudacin de impuestos

tax concession

ventaja tributaria

tax benefit

tax credit
[GFSM]

crdito tributario
[MEFP]

credit against (a) tax

descuento impositivo

tax cut

reduccin de impuestos

tax deductible

deducible a efectos tributarios

deducible de impuestos

tax deduction

deduccin impositiva

tax deferral

aplazamiento del pago de los impuestos

tax delinquency

mora en el pago de impuestos

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 705

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tax elasticity

elasticidad tributaria

tax enforcement

ejecucin de las leyes tributarias

enforced collection

aplicacin de las leyes tributarias

prevencin de la evasin tributaria
recaudacin coercitiva de impuestos
[+a veces+]

tax equity

equidad tributaria

tax fairness

tax evasion

evasin fiscal
evasin ilegal de impuestos

tax exemption

exencin tributaria

tax expenditure

gasto tributario
gasto fiscal
ingreso fiscal sacrificado
ingreso fiscal no percibido

tax haven

paraso tributario
paraso fiscal

tax holiday

exoneracin temporal de impuestos

tregua tributaria

tax incentive

incentivo tributario
incentivo fiscal
estmulo tributario

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 706

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Spanish

tax incidence

incidencia del impuesto

incidence of taxation

incidencia impositiva
incidencia tributaria

tax indexation

indexacin del impuesto

[Am.Lat.]
indizacin del impuesto
[Esp.]

tax inspection

inspeccin tributaria
inspeccin fiscal

tax law

ley impositiva
legislacin tributaria
legislacin fiscal

tax liability

deuda tributaria

[GFS 1986]

tax loophole

laguna tributaria
escapatoria fiscal

tax loss carryback

imputacin a un ejercicio anterior

carryback

traslado a un ejercicio anterior

loss carryback

traslado de prdidas al ejercicio anterior

retrotraer prdidas
prdida traspasada al ejercicio anterior

tax optimization

optimizacin impositiva

tax policy

poltica tributaria

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 707

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Tax Policy and Administration Topical Trust Fund

Fondo Fiduciario Especfico para Poltica y Administracin Tributaria

TPA-TTF
TPA

Tax Policy Division

Divisin de Poltica Tributaria

[FAD/TP]

tax power

potestad tributaria

tax authority

tax rate

tasa impositiva
tasa del impuesto
alcuota del impuesto
[ARG]
tipo fiscal
[ESP]

tax ratio

presin fiscal
presin tributaria
presin impositiva
coeficiente tributario

tax rebate

descuento tributario

tax offset

devolucin de impuestos

offset

tax reform

reforma tributaria
reforma impositiva

tax refund
[GFS 1986]

reintegro de impuestos
devolucin de impuestos

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 708

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tax relief

exoneracin fiscal

tax break

desgravacin
reduccin impositiva

tax return

declaracin de impuestos
declaracin de renta

tax revenue
[GFSM; GFSY]
tax receipts
tax yield

ingreso tributario
[MEFP]
ingresos tributarios
[GFSY]
ingresos impositivos
recaudacin tributaria
recaudacin impositiva
producto
recaudacion

tax sharing

coparticipacin de impuestos

reassignment of taxes

tax shelter

refugio tributario

tax smoothing

suavizacin de los impuestos

nivelacin de los impuestos

tax sparing credit

descuento por impuesto exonerado

tax sparing

ahorro de impuesto por exenciones

crdito por impuesto no pagado

tax system

sistema tributario

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 709

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Spanish

tax war

competencia tributaria

tax competition

guerra impositiva

tax wedge

cua fiscal

fiscal wedge

cua tributaria
discrepancia impositiva

tax withholding

retencin en la fuente

withholding at source

retencin en el origen

tax year

ejercicio fiscal

[taxation]

ao base

taxable year

ao fiscal

base year
fiscal year
FY

taxable capacity

capacidad contributiva

ability to pay

capacidad tributaria

taxable event

hecho imponible

taxable income

renta imponible
renta gravable
ingreso imponible

tax-based income policy

poltica de ingresos basada en los impuestos

tax-based incomes policy

poltica de ingresos basada en la tributacin

TIP

taxes on corporate net wealth

impuestos sobre el patrimonio neto de las sociedades de capital

[GFS 1986]

IMF GLOSSARY WEB 2015 English Spanish

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Page 710

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Spanish

taxes on goods and services

impuestos sobre los bienes y servicios

[GFS 1986; GFSM]

[MEFP]
impuestos sobre bienes y servicios
[MEFP]

taxes on income, profits, and capital gains

[GFSM; GFSY]

impuestos sobre el ingreso, las utilidades y las ganancias de capital

[MEFP]
impuestos sobre la renta, las utilidades y las ganancias de capital
[MEFP]

taxes on payroll or workforce

impuestos sobre la nmina o la fuerza de trabajo

impuestos sobre la nmina y la fuerza de trabajo

taxes on personal net wealth

impuestos sobre el patrimonio neto de las personas fsicas

[GFS 1986]

taxpayer compliance

cumplimiento tributario

tax compliance

taxpayer identification number

nmero de identificacin tributaria

TIN

NIT

tax identification number

cdigo de identificacin fiscal

single tax identification number

nmero de identificacin fiscal

NIF

taxpayer
[SNA93]

tax-to-base elasticity

contribuyente
[SCN93]

elasticidad del impuesto con respeto a la base

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 711

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Technical Assistance Advisor

Asesor en Asuntos de Asistencia Tcnica

[IMF]
TA Advisor

Technical Assistance and Law Reform Group

Grupo de Asistencia Tcnica y Reforma Legislativa

[IMF-LEG]
TALR

Technical Assistance Country Strategy Note

nota sobre la estrategia de asistencia tcnica a un pas

TACSN

Technical Assistance Division

Divisin de Asistencia Tcnica

Technical Assistance Review Committee

Comit de Examen de la Asistencia Tcnica

[IMF-FAD]
TARC

Technical Assistance Secretariat

Secretara de Asistencia Tcnica

[OMD/OBP/TS]
TAS

technical assistance

asistencia tcnica

[BPM5]
TA

technical consultations

consultas tcnicas

TC

technical defect
[GA]

defecto de forma
vicio de forma

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 712

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Technical Memorandum of Understanding

Memorando Tcnico de Entendimiento

[IMF]

Memorando Tcnico

TMU
technical memorandum

technical reserves

reservas tcnicas

Technical Subgroup on the Movement of Natural Persons -

Subgrupo Tcnico sobre la circulacin de personas fsicas - Modo 4

Mode 4
[United Nations]

technological gap

desequilibrio tecnolgico
desfase tecnolgico

Technology and General Services Department

Departamento de Tecnologa y Servicios Generales

[IMF]
TGS

technology transfer

transferencia de tecnologa

transfer of technology

TED spread

diferencial bono del Tesoro-eurodlar

diferencial TED

temporary admission

admisin temporal

[customs]

temporary employment

empleo temporal

temporary occupation

trabajo temporario

Temporary Windfall Profits Subaccount

Subcuenta Temporal de Inversin de las Ganancias Extraordinarias

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 713

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tender offer

oferta pblica de adquisicin

takeover bid

opa

tender rate

tasa de adjudicacin

[UK treasury bills]

tenor

plazo
duracin

Tequila crisis

efecto tequila

Mexican crisis
Mexican peso crisis

Tequila effect

crisis mexicana de 1994

term credit

crdito a mediano o largo plazo

term loan

term of maturity

vencimiento

maturity

plazo de vencimiento

life

plazo

term

trmino

term premium

prima por plazo

prima por inversin a largo plazo

term sheet

hoja de condiciones
hoja de plazos y condiciones

terminating participant

participante que da por terminada su participacin

[AA]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 714

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Spanish

termination grant

prima de cesanta
subsidio de cesanta

termination of a par value

supresin de una paridad

[AA]

termination of participation

terminacin de la participacin

[IMF]

termination prior to liquidation

cierre antes de la disolucin

[AA-II]

termination

clausura

[IMF accounts]

terms and conditions

[GFSM]

condiciones
trminos y condiciones
[MEFP]
pliego de condiciones
[licitacin]

terms of a credit

condiciones de un crdito

terms of reference

trminos de referencia

TOR

mandato
objeto de la misin
instrucciones
atribuciones
funciones

terms of trade

trminos de intercambio
relacin de intercambio

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 715

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Spanish

territorial authorities

autoridades territoriales

Tesobono

Tesobono

[MEX]

test number
[cables]

nmero clave
clave nmero

tested cable

cable cifrado

testing

prueba
verificacin
[ESP]
contraste
[ESP]

the "new mediocre"

la nueva mediocridad

the "new normal"

la nueva normalidad

The Commonwealth

el Commonwealth

The dismal science

la ciencia maldita
la ciencia funesta

the Library Network

Red Informtica de la Biblioteca

thelibrarynetwork

Library Network

The Los Cabos Accountability Assessment Framework

acuerdo marco de Los Cabos sobre rendicin de cuentas

The Pacific Alliance

Alianza del Pacfico

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 716

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Spanish

thin capitalization

subcapitalizacin
capitalizacin insuficiente

thin capitalization rule

regla de capitalizacin dbil

thin cap rule

earning-stripping rule

thin market

mercado poco activo

narrow market

mercado de poco movimiento

inactive market

mercado limitado

slack market

mercado restringido
mercado estrecho

thin trading

escaso volumen de operaciones

low volume

three-speed recovery

recuperacin a tres velocidades

three-year arrangement

acuerdo trienal

[ESAF, PRGF]

threshold effect

efecto umbral

thrift institution

institucin de ahorro

thrift

through-the-cycle rating

calificacin TTC

TTC

tied aid

ayuda condicionada
ayuda vinculada

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 717

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Spanish

tier 1 capital

capital de nivel 1

capital tier one

capital bsico

core capital

capital primario

primary capital

capital de base

[EU; banking]

tier 2 capital

capital de nivel 2

capital tier two

capital suplementario

supplementary capital
secondary capital
[EU]

tiered response

respuesta graduada

tight credit policy

poltica de restriccin del crdito

poltica crediticia restrictiva

tight labor market

escasez de oferta de mano de obra

tensin en el mercado laboral

tight market

estrechez de los mercados

[WHD REO]

tight oil

petrleo de arenas compactas

Shale oil

petrleo de formaciones compactas

petrleo de esquisto

tightening of policy

intensificacin de la poltica restrictiva

hardening of policy

imposicin de una poltica ms restrictiva

endurecimiento de una poltica

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 718

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Spanish

time deposit

depsito a plazo

fixed-term deposit

depsito a plazo fijo

certificate of deposit

depsito a trmino fijo

[FSIG; GMBS]
CD

[COL]
DTF
certificado de depsito
CD

time horizon

horizonte cronolgico

horizon

horizonte temporal
marco cronolgico
marco temporal
perspectiva cronolgica
perspectiva temporal
plazo cronolgico
plazo temporal

time lag

retraso

lag

desfase
retardo
plazo de adaptacin

time of recording

momento de registro

timing of recording

time path

trayectoria en el tiempo

time preference

preferencia cronolgica
preferencia temporal

time regression

regresin temporal

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 719

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Spanish

time series

serie cronolgica
serie temporal
serie de tiempo

time series analysis

anlisis de series cronolgicas

anlisis de series temporales

time-based repurchase expectations

expectativa de recompra en un plazo establecido

[IMF]

timeliness (of data)

[IMF-EBB]

timing

puntualidad (en la divulgacin de los datos)

oportunidad

puntualidad
calendario
momento de registro

timing adjustment

ajuste del momento de registro

timing-based crisis-lending facility

servicio de crdito puntual para la prevencin de crisis

[IMF]
timing-based lending facility
timing-based crisis prevention facility
timing based facility

Tobin tax

impuesto Tobin

currency transactions tax

CTT

Tokyo International Forum

Foro International de Tokio

tolerance band

banda de tolerancia

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 720

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Spanish

tolerance limits

lmites de tolerancia

tombstone

anuncio de emisin efectuada

esquela

too big to fail

"demasiado grande para quebrar"

[criterion, bank]
TBTF

too-connected-to-fail

institucin demasiado conectada para quebrar

Topical Trust Fund on Managing Natural Resource Wealth

Fondo Fiduciario Especfico para la Gestin de los Recursos

MNRW-TTF

Naturales

Managing Natural Resource Wealth

MNRW

topical trust fund

fondo fiduciario para fines especficos

TTF

fondo fiduciario para fines especficos

topping up

complemento de concesionalidad

[Paris Club]

topping-up assistance

aporte de fondos complementarios

asistencia complementaria
complemento de la asistencia

Toronto terms
Toronto treatment

total expenditure and lending minus repayments

condiciones de Toronto
[Gua de la deuda, 1993]

gasto total y concesin de prstamos menos recuperaciones

[GFSY]

IMF GLOSSARY WEB 2015 English Spanish

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total factor productivity

productividad total de los factores

TFP

PTF

total grants received in cash and in kind

donaciones totales recibidas en efectivo y en especie

[GFSY]

[GFSY]
subvenciones totales recibidas en efectivo y en especie

total revenue and grants

ingreso total y donaciones

[GFSY]

Townhall Meeting

reunin de debate abierto

township-village enterprises

comunidades empresariales rurales

[CHN]
TVE

toxic assets

activos txicos

track record, to establish a positive

establecer un historial positivo

[IMF overdue financial obligations; HIPC Initiative]

establecer una trayectoria positiva

proven record, to establish a

demostrar un buen historial

traction

traccin
influencia y eficacia

tradable goods

bienes transables

tradables

bienes comerciables
bienes comercializables

trade arrears

atrasos comerciales

IMF GLOSSARY WEB 2015 English Spanish

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Page 722

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Spanish

trade barrier

barrera comercial

trade impediment

obstculo al comercio

trade creation

creacin de comercio
creacin de corrientes comerciales

trade credit

crdito comercial

trade financing

financiamiento del comercio exterior

commercial credit
trade loan

trade currency

moneda utilizada en el intercambio

trade deepening

profundizacin del comercio exterior

intensificacin del comercio

trade deficit

dficit comercial

trade gap

dficit de la balanza comercial

trade diversion

desviacin del comercio

desviacin de corrientes comerciales

trade facilitation

facilitacin del comercio

Trade Integration Mechanism

Mecanismo de Integracin Comercial

TIM

MIC

trade margin

margen comercial
margen de comercio

IMF GLOSSARY WEB 2015 English Spanish

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Page 723

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Trade Negotiations Committee

Comit de Negociaciones Comerciales

[GATT]

CNC

TNC

trade policy

poltica comercial

Trade Policy Coordinating Committee

Comisin Coordinadora de la Poltica de Comercio Exterior

[CAREC]
TPCC

Trade Policy Division

Divisin de Poltica Comercial

[SPR/TR]

trade policy review mechanism

[GATT]

mecanismo de examen de las polticas comerciales

MEPC

TPRM

trade remedy measures

medidas comerciales correctivas

trade remedies

medidas comerciales

trade restriction

restriccin comercial

trade restrictive practice

prctica comercial restrictiva

trade restrictiveness index

ndice de restriccin del comercio

TRI

IRC

trade return

estadstica del comercio exterior

[BPM5]

trade sanction

[MBP5]

sancin comercial

IMF GLOSSARY WEB 2015 English Spanish

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Page 724

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Spanish

trade statistics

estadsticas del comercio exterior

trade figures

traded good

bien comerciado
bien que es objeto de intercambio
bien transado
bien comerciable

traded price

precio negociado

trade-off

solucin de compromiso (entre ...)

relacin de correspondencia
relacin de sustitucin
eleccin entre opciones
relacin inversa
relacin de compensacin
compensacin (de ventajas y desventajas)
disyuntiva

trade-related aspects of intellectual property rights

[WTO]

aspectos de los derechos de propiedad intelectual relacionados con

el comercio

TRIPs

TRIPs

trade-related investment measure

medida en materia de inversiones relacionada con el comercio

[GATT]

TRIM

TRIM

trade-related technical assistance and capacity building

asistencia tcnica y creacin de capacidad relacionadas con el

[WTO]

comercio

TRTA/CB

ATCCRC

trade-weighted

ponderado segn el comercio exterior

IMF GLOSSARY WEB 2015 English Spanish

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Page 725

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Spanish

trading book

cartera de inversiones
cartera especulativa

trading partners

socios comerciales

partner countries

pases que mantienen relaciones comerciales

pases que comercian entre s

trading pit

recinto de operaciones

trading floor

parqu
[ESP]

trading room
[banking]

recinto de operaciones
sala de operaciones

trading floor

rueda

traditional debt relief mechanisms

mecanismos tradicionales de alivio de la deuda

Training Administration Section

Seccin de Administracin de la Capacitacin

[INS/AV/TR]

Training Section

Seccin de Capacitacin

[HRD/SD/TR]

tranche policy

poltica de tramos

[IMF]

tranche position

posicin en los tramos

[IMF]

transaction arranged by the IMF

transaccin concertada por el FMI

[IMF]
arranged transaction

IMF GLOSSARY WEB 2015 English Spanish

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Page 726

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Spanish

transaction balances

saldos para transacciones

transaction basis

sobre base de transaccin

transaction by agreement

transaccin mediante acuerdo

[IMF]

[P45]
transaccin por acuerdo

transaction cost

costo de transaccin

transaction currency

moneda de transaccin

[BPM5]

transaction demand for money

[MBP5]

demanda de dinero por motivo transaccin

demanda de dinero para transacciones

transaction value

valor de transaccin

[Customs]

precio de transaccin

transaction velocity (of money)

velocidad de transaccin (del dinero)

velocidad-transaccin

transaction with designation

transaccin por designacin

[SDR]
designated transaction

transaction

transaccin

[IMF]

transactional motive

motivo transaccin

[monetary theory]
transaction motive

IMF GLOSSARY WEB 2015 English Spanish

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Page 727

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Spanish

transactions account

cuenta de transacciones

[USA]

transactions in goods, services, and income

[BPM5]

transacciones de bienes, servicios y renta

[MBP5]

transactions without designation

transacciones sin designacin

transactor

parte de la transaccin
agente de la transaccin
partcipe de la transaccin

transactor principle

criterio de la contraparte

Transatlantic Trade and Investment Partnership

Acuerdo Transatlntico sobre Comercio e Inversin

TTIP

ATCI

Transcaucasian and Central Asian countries

pases de la regin transcaucsica y Asia central

transfer cost

costo de transferencia

transfer in kind

transferencia en especie

[BPM5]

transfer income

ingreso por transferencias

transfer of real resources

transferencia de recursos reales

transfer payment

pago de transferencia

[GFS 1986]

IMF GLOSSARY WEB 2015 English Spanish

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Page 728

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Spanish

transfer price

precio de transferencia

transfer pricing

fijacin de precios de transferencia

transfer pricing

precio de transferencia
[MBP5; MBP6]

transfer risk
[Debt Guide, 1993; External Debt Statistics: Guide for

riesgo de transferencia
[Gua de la deuda, 1993]

Compilers and Users, 1993]

transfer tax

impuestos sobre la transferencia de bienes

transferable deposit

depsito transferible

transferable security

valor mobiliario transferible

valor negociable
ttulo transferible

transferee

adquirente

[SDR]

transferor

transferente

[SDR]

transit trade
[BPM5; BPM6]

transition country
[IMF country classification]

comercio de trnsito
[MBP5; MBP6]

pas en transicin
economa en transicin

country in transition
transition economy

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 729

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Spanish

transitional arrangements

rgimen transitorio

[IMF]

transitional procedures
[IMF]

procedimiento de transicin
procedimiento durante la transicin
procedimiento transitorio

transitional provisions

disposiciones transitorias

[AA]

Translation Coordination Center

Centro de Coordinacin de Traducciones

TCC

Translation Division

Divisin de Traduccin

[IMF-TGS/L]

translation exposure (of exchange risk)

riesgo de traslacin en divisas

Trans-Pacific Partnership

Acuerdo Estratgico Transpacfico de Asociacin Econmica

TPP

TPP

transparency

transparencia

transparent policy

poltica transparente

transportation equipment

equipo de transporte

transport equipment

Transportation Section

Seccin de Transportes

[TGS/DG/TR]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 730

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Spanish

transshipment

transbordo

[customs]

transversality

transversalidad

transversality condition
no-Ponzi game
no-Ponzi game condition

travel allowance
[IMF-HRD]

subsidio de viajes
vitico
[SCN93]

Travel Payments Section

Seccin de Pagos de Viajes

[FIN/AX/TR]

treasury bill

letra del Tesoro

T-bill

letra de Tesorera

treasury bond

bono del Tesoro

T-bond

bono de Tesorera

Treasury Inflation-Protected Security

bono de Tesorera indexado por inflacin

TIPS
Treasury Inflation-Indexed Security

treasury note

pagar del Tesoro

T-note

pagar de Tesorera

Treasury-IMF account

Cuenta Tesorera-FMI

TIMF account

IMF GLOSSARY WEB 2015 English Spanish

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Page 731

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Spanish

Treaty on European Union

Tratado de la Unin Europea

Maastricht Treaty

Tratado de Maastricht

trend analysis

anlisis de tendencia
anlisis de la tendencia

trend GDP

PIB tendencial
PIB de tendencia

trend inflation

inflacin tendencial

structural inflation

inflacin estructural

trend path

trayectoria de tendencia
tendencia

trend rate

tasa tendencial

trend rate of growth

tasa tendencial de crecimiento

trend value

valor tendencial
valor de tendencia

trial and error

mtodo de ensayo y error

+ttonnement+

por tanteo

trial balance

balance de comprobacin de saldos

[accounting]
working balance

triangular trade

comercio triangular

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 732

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Spanish

trickle down theory

teora del efecto de filtracin

Triennial Surveillance Review

Examen Trienal de la Supervisin

TSR

trigger

disparar
activar (automticamente)

trigger price

precio de intervencin

trillion

billn

[IMF-IBRD; USA]

Trinidad and Tobago terms

[Paris Club]

condiciones de Trinidad
condiciones de Trinidad y Tabago

Trinidad terms

tripolar monetary system

sistema monetario tripolar

troubled assets

activos problemticos
activos en problemas
activos emproblemados
[MEX]

Troubled Assets Relief Program

Programa de Alivio de Activos Problemticos

TARP

trough

mnimo (cclico)
punto mnimo
punto ms bajo
sima

IMF GLOSSARY WEB 2015 English Spanish

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Page 733

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Spanish

troy ounce of fine gold

onza troy de oro fino

fine troy ounce

onza de oro fino

fine ounce

true mean

media verdadera

Trust Account

cuenta en fideicomiso

[IMF-ESAF]

cuenta fiduciaria

fiduciary account

Trust for Special ESAF Operations for the Heavily Indebted

Fondo Fiduciario para las operaciones especiales en el marco del

Poor Countries and Interim ESAF Subsidy Operations

SRAE a favor de los pases pobres muy endeudados y las

[IMF]
ESAF-HIPC Trust
[IMF]

operaciones de subvencin en el marco del SRAE transitorio

[P45]
Fondo Fiduciario SRAE-PPME
[P45]

Trust for Special Poverty Reduction and Growth Operations for

Fondo Fiduciario para Operaciones Especiales en pro del

the Heavily Indebted Poor Countries and Interim ECF Subsidy

Crecimiento y la Lucha contra la Pobreza en los Pases Pobres Muy

Operations

Endeudados y Operaciones Provisionales de Subvencin del SCA

Poverty Reduction and Growth-Heavily Indebted Poor

Fondo Fiduciario SCLP-PPME

Countries Trust
PRG-HIPC Trust

Trust Fund Cash Account

Cuenta de Caja del Fondo Fiduciario

[IMF]

Trust Fund Instrument

Instrumento de creacin del Fondo Fiduciario

[IMF]

Trust Fund
[IMF]

Fondo Fiduciario
fondo en fideicomiso

IMF GLOSSARY WEB 2015 English Spanish

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Page 734

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Spanish

trusted advisor

asesor de confianza

trustee

fideicomisario
administrador fiduciario
fiduciario
depositario

trustee in bankruptcy
[GBR, USA]

sndico de la quiebra
sndico

trustee

trustee savings bank

caja de ahorro en fideicomiso

turning point

punto de inflexin

turnaround

cambio de rumbo

change point

cambio de tendencia
momento decisivo

turnover tax

impuesto sobre los ingresos brutos

[ARG]
impuesto sobre el volumen de venta
[SCN 93]
impuesto sobre la cifra de negocios
[GFS 1986]
impuesto sobre el volumen de negocios
[SCN93]

turnover

volumen de ventas

sales

volumen de negocios
cifra de negocios

twin deficit

dficit gemelo

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 735

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Spanish

twin surplus

supervits gemelos

twin-track approach

enfoque de doble va

[Horn of Africa]

two pack

programa "two pack"

[European Union]

two-speed recovery

recuperacin a dos velocidades

two-stage least squares

mnimos cuadrados dobles

[statistics]

two-tailed test
[statistics]
two-sided test

mnimos cuadrados en dos etapas

prueba bilateral
prueba a dos extremos
verificacin bilateral
verificacin a dos extremos

two-tier banking system

sistema bancario de dos niveles

two-tier development

desarrollo a dos velocidades

two-tier market

mercado doble
mercado segmentado

two-tier pricing system

sistema de precios de dos niveles

two-way breakdown

desglose doble

two-way trading arrangements

acuerdos de compraventa

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 736

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Spanish

two-way transaction

transaccin de compraventa

[SDR]

U.S.-Canada Free Trade Agreement

Acuerdo de Libre Comercio entre Estados Unidos y Canad

UCITS

organismos de inversin colectiva en valores mobiliarios

Undertakings for Collective Investment in Transferable

OICVM

Securities

Umbrella Account for HIPC Operations

[ESAF-HIPC]

Cuenta General para Operaciones a favor de los PPME

Cuenta General para Operaciones a favor de los PPME

UMP countries

pases que aplican polticas monetarias no convencionales

umpire

rbitro

[law]

amigable componedor

UN Development Group-World Bank Fiduciary Principles

Acuerdo sobre Principios Fiduciarios entre el Grupo de las Naciones

Accord

Unidas para el Desarrollo y el Banco Mundial

FPA

UN System Task Team on the Post-2015 UN Development

equipo de tareas del sistema de las Naciones Unidas sobre la

Agenda.

Agenda de Desarrollo post 2015

unanchored inflation expectations

expectativas inflacionarias no ancladas

unanimous consent

consentimiento unnime

unbanked people

personas sin accesso a cuentas bancarias

underbanked
unbanked

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 737

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Spanish

unbiased

insesgado

unbiased estimator

estimador insesgado

[statistics]

unchallengeable use

uso inobjetable

[SDR]

unclassified

difusin no restringida, general

[IMF information security]

uncommitted resources

recursos no comprometidos

unconditional financial contract

contrato financiero incondicional

unconditional liquidity

liquidez incondicional

unconventional monetary policies

polticas monetarias no convencionales

UMP

unconventional monetary policy

poltica monetaria no convencional

unconventional policies

polticas no convencionales

uncovered

sin cobertura (a plazo)

uncovered check

cheque sin fondos

cheque sin provisin de fondos

uncovered interest rate differential

diferencial de intereses descubierto

diferencial de tasas de inters descubierto

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 738

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Spanish

undeclared employment

empleo no declarado

unreported employment

undercapitalization
[enterprises]

subcapitalizacin
capitalizacin insuficiente

undercapitalized bank

banco subcapitalizado

underdeveloped country

pas subdesarrollado

UDC

PSD

underemployment

subempleo

[SNA93]

[SCN93]

underfunding

insuficiencia de financiamiento

underinvestment

subinversin
inversin insuficiente

underinvoicing

subfacturacin

[SNA93]

[SCN93]

underlying balance approach

enfoque del "equilibrio estructural"

underlying data

datos bsicos

[BPM5]

[MBP5]

underlying deficit

dficit estructural

structural deficit

dficit subyacente

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 739

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Spanish

underlying item

activo subyacente

underlying asset

underlying security

instrumento subyacente

[derivatives]
underlying instrument

underlying
[BPM6; SNA93]

subyacente
[MBP6; SCN93]
tendencial
fundamental
bsico

underrepresented countries

pases subrepresentados

undershooting

subreaccin
reajuste insuficiente

undervalue

subvalorar

undervalued currency

moneda subvaluada, subvalorada

underwriter

asegurador

underwriting bank

garante de emisin

[securities]

suscriptor

underwriter

asegurador

underwriting fee

comisin de suscripcin

underwriting commission

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 740

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Spanish

underwriting syndicate

consorcio asegurador de emisiones

underwriting consortium

sindicato de emisin

underwriting group

agente de colocacin y sucripcin de valores

underwriting pool
issue syndicate
underwriters

underwriting
[securities]

colocacin en firme
garanta de emisin
colocacin y suscripcin de valores

undisbursed debt

prstamos no desembolsados

undrawn balance

saldo no desembolsado
saldo no utilizado

unearned income

renta no derivada del trabajo

ingreso no derivado del trabajo
renta no salarial
[+a veces+]
ingreso no salarial
[+a veces+]
renta no ganada

uneconomic

antieconmico

[SNA93]

[SCN93]

uneconomical

antieconmico
no rentable

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 741

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Spanish

unemployed

parado

[SNA93]

[ESP]
desempleado
[SCN93]
desocupado

unemployment benefit

indemnizacin por desempleo

unemployment compensation

indemnizacin de paro
[ESP]
prestacin por desempleo

unemployment insurance

seguro de desempleo
seguro de paro

unemployment rate

tasa de desempleo
tasa de paro
[Spain]

unemployment
[GFSM; SNA93]

desempleo
[MEFP; SCN93]
paro
[ESP]
desocupacin
[ARG]

unenforceable

inexigible

unexplained variance

variante residual

residual variance

variante no explicada
variancia residual

unfair competition

competencia desleal

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 742

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Spanish

unfair competitive advantage

ventaja competitiva desleal

unfilled orders

pedidos no despachados

unfulfilled repurchase expectation

expectativa de recompra incumplida

[IMF]

unfunded employee social benefits

[SNA93]

prestaciones sociales no basadas en fondos especiales

prestaciones sociales directas

unfunded social benefits

prestaciones sociales para los asalariados no basadas en fondos

unfunded benefits

especiales

[SNA93]

unfunded liabilities
[insurance; retirement]

unfunded mandate

[SCN93]

pasivos sin financiamiento previsto

pasivos no capitalizados

obligacin de gasto sin financiamiento previsto

[USA]

uniform delivery price

precio de entrega uniforme

uniform norm for remuneration

norma uniforme de remuneracin

[IMF]

norma uniforme

uniform norm

uniform system for pricing

mtodo uniforme para fijar el precio

unilateral debt rescheduling

reprogramacin unilateral de la deuda

unimpaired

sin problemas

[bank supervision]
satisfactory

en situacin regular
satisfactorio

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 743

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Spanish

unincorporated enterprise

empresa no constituida en sociedad

unincorporated business

unincorporated public enterprise

empresa pblica no constituida en sociedad

unincorporated government enterprise

unit elasticity

elasticidad unitaria

unitary elasticity

elasticidad igual a la unidad

unit labor cost

costo unitario de la mano de obra

unit labor costs

costo unitario del trabajo

ULC

unit labor cost-based real effective exchange rate

tipo de cambio efectivo real basado en el costo unitario de la mano

ULC-based real effective exchange rate

de obra

unit of output

unidad de producto

unit produced

unidad producida

unit of value

unidad de valor

unit root test

prueba de raz unitaria

unit value

valor unitario

unit value index

ndice de valor unitario

[FSIG]

[GISF]

unitary exchange rate

tipo unitario de cambio

unitary rate of exchange

tipo nico de cambio

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 744

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Spanish

United Nations Centre on Transnational Corporations

Centro de las Naciones Unidas sobre las Empresas Transnacionales

UNCTC

UNCTC

United Nations Children's Fund

Fondo de las Naciones Unidas para la Infancia

UNICEF

UNICEF

United Nations Commission on International Trade Law

Comisin de las Naciones Unidas para el Derecho Mercantil

UNCITRAL

Internacional
CNUDMI

United Nations Conference on Environment and Development

Conferencia de las Naciones Unidas sobre el Medio Ambiente y el

UNCED

Desarrollo

Earth Summit

CNUMAD
Cumbre para la Tierra

United Nations Conference on the Least Developed Countries

Conferencia de las Naciones Unidas sobre los Pases Menos

Adelantados

United Nations Conference on Trade and Development

Conferencia de las Naciones Unidas sobre Comercio y Desarrollo

UNCTAD

UNCTAD

United Nations Convention against Transnational Organized

Convencin de las Naciones Unidas contra la Delincuencia

Crime

Organizada Transnacional

United Nations Development Assistance Framework

Marco de Assistencia de las Naciones Unidas para el Desarrollo

[UN]
UNDAF

United Nations Development Group

[UN]

Grupo de las Naciones Unidas para el desarrollo

GNUD

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 745

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Spanish

United Nations Development Programme

Programa de las Naciones Unidas para el Desarrollo

UNDP

PNUD

United Nations Educational, Scientific and Cultural Organization

Organizacin de las Naciones Unidas para la Educacin, la Ciencia

UNESCO

y la Cultura
UNESCO

United Nations Environment Programme

Programa de las Naciones Unidas para el Medio Ambiente

UNEP

PNUMA

United Nations Framework Convention on Climate Change

Convencin-marco sobre el Cambio Climtico

[GEF]
UNFCCC

United Nations Fund for Population Activities

[UN]

Fondo de las Naciones Unidas para Actividades en Materia de

Poblacin

UNFPA

FNUAP

United Nations Industrial Development Organization

Organizacin de las Naciones Unidas para el Desarrollo Industrial

UNIDO

ONUDI

United Nations International Conference on Population and

Conferencia Internacional de las Naciones Unidas sobre la

Development

Poblacin y el Desarrollo

United Nations Monetary and Financial Conference

Conferencia Monetaria y Financiera de las Naciones Unidas

[IMF-IBRD]

Conferencia de Bretton Woods

Bretton Woods Conference

United Nations Population Fund

Fondo de Poblacin de las Naciones Unidas

UNFPA

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 746

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Spanish

United Nations Transitional Administration in East Timor

Administracin Transitoria de las Naciones Unidas en Timor Oriental

UNTAET

ATNUTO

United Nations

Organizacin de las Naciones Unidas

UN

universality of Fund membership

[IMF]

dimensin universal del FMI

carcter universal del FMI

unlisted security

valor no cotizado en bolsa

unquoted security

valor no admitido a cotizacin

unpaid charge

cargo impagado

[IMF]

unpeg the rate

cargo impago

dejar que flucte el tipo de cambio

liberar el tipo de cambio

unrealistic par value

paridad que no se ajusta a la realidad

[IMF]

unrealized gain

ganancia no realizada

unrealized income
paper gain
paper profit

UN-related organization

organizacin vinculada a las Naciones Unidas

organizacin asociada a las Naciones Unidas
organizacin del sistema de las Naciones Unidas

unremitted earnings

utilidades no remitidas

[BPM5]

IMF GLOSSARY WEB 2015 English Spanish

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Page 747

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unremunerated reserve tranche position

posicin no remunerada en el tramo de reserva

[IMF]

unrequited payment

saldo no remunerado en el tramo de reserva

pago sin contrapartida

pago sin contraprestacin

unrequited transaction

transaccin unilateral

unrequited transfer

transferencia unilateral
transferencia sin contrapartida

unrestricted use

uso irrestricto

[SDR]

unsecured loan

prstamo no garantizado

unskilled labor

mano de obra no calificada

unskilled manpower

trabajador no especializado

unskilled worker

unsoundness

fragilidad

untapped resource

recurso inexplotado

untied aid

ayuda no condicionada
ayuda no vinculada

untying of aid

desvinculacin de la ayuda

unwind

reversin parcial de una transaccin

[securities settlement systems]

IMF GLOSSARY WEB 2015 English Spanish

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Page 748

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unwinding of global imbalances

correccin de los desequilibrios mundiales

unwinding of positions

liquidacin de posiciones
contrarrestar las posiciones

upgrading

mejorar la calificacin
reclasificacin en una categora superior
reclasificacin en una categora ms alta

upper credit tranche quality

calidad que deben tener las programas para dar acceso a los tramos

UCT quality

superiores de crdito

upper credit tranches

tramos superiores de crdito

[IMF]

[P45]

UCT

upside risk

riesgo de que los resultados sean superiores a lo previsto

probabilidad de que las cifras reales sean mayores de las que
indican las proyecciones
probabilidad de que los resultados superen las proyecciones
riesgo al alza

upstream capacity

capacidad de produccin de crudo

upstream integration

integracin vertical hacia arriba

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 749

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upturn

recuperacin

upswing

reactivacin

upsurge

[WHD REO]
iniciacin de la fase ascendente
fase ascendente
fase de expansin
movimiento ascendente

upward adjustment

ajuste al alza

upward bias

sesgo por exceso

[CPI]

sesgo alcista

positive bias

sesgo al alza

upward pressure

presin al alza
presin alcista

upward revision

revisiones al alza

upward review

upward trend

tendencia ascendente

rising trend

tendencia al alza

uptrend

upward-sloping curve

curva ascendente
curva de pendiente ascendente

urban development

desarrollo urbano

urbanization economies

economas de la urbanizacin
economas generadas por la urbanizacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

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Uruguay Round (of Multilateral Trade Negotiations)

Ronda Uruguay (de negociaciones comerciales multilaterales)

[GATT]

usable currency

moneda utilizable

[IMF]

usable national currency

moneda nacional utilizable

use of Fund credit

uso del crdito del FMI

use of IMF credit

uso de crdito del Fondo

use of IMF resources

uso de los recursos del FMI

[IMF]

uso de recursos del FMI

use of Fund resources

UFR

use value

valor de uso, en uso

user cost

costo para el usuario

costo de utilizacin

user fee

tasa que paga el usuario de un servicio

user charge

tasa de un servicio
tasa de uso de un servicio

user friendly
[IT]

usury
[SNA93]

fcil de usar
de fcil manejo

usura
[SCN93]

IMF GLOSSARY WEB 2015 English Spanish

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Page 751

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utility

utilidad
[SCN93]
ganancia
[SCN93]

utility function

funcin de utilidad

vacancy

vacante

job vacancy
opening
job opening

valuable

objeto de valor
artculo de valor
objeto valioso

valuation

valoracin
valuacin

valuation basis

base de valoracin
criterio de valoracin

valuation effects

efectos de valoracin

value added in manufacturing

valor agregado en la industria manufacturera

[Am. Lat.]
valor aadido en la industria manufacturera
[Esp.]

value added to exports ratio

relacin valor agregado/exportaciones

VAX ratio

IMF GLOSSARY WEB 2015 English Spanish

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Page 752

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value date

fecha de valor

[IMF]

value index

ndice de valor

value judgment

juicio de valor

value-added deflator

deflactor del valor agregado

deflactor del valor aadido
[ESP]

value-added tax
VAT

impuesto sobre el valor agregado

[Am. Lat.]
IVA
impuesto al valor agregado
IVA
impuesto sobre el valor aadido
[ESP]
IVA

value-at-risk methodology

metodoliga del "valor en riesgo"

[BIS]

value-at-risk model

modelo de clculo del valor en riesgo

VaR

modelo VaR

variability

variabilidad

variable cost

costo variable

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 753

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variable uniform norm for remuneration

norma uniforme variable de remuneracin

[IMF]

norma uniforme variable

variable uniform norm

variance analysis

anlisis de la varianza

variance

varianza

[statistics]

variation margin

reposicin de la garanta

[securities settlement systems]

vault cash

reservas en efectivo

cash in vault

reservas en metlico

vector

vector

vector autoregression analysis

modelo de autorregresin vectorial

vector autoregression model

VAR model

vehicle currency

moneda vehculo

velocity of circulation

velocidad de circulacin del dinero

velocity of money

velocidad del dinero

vendor

proveedor

venture

empresa

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 754

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venture capital

capital de riesgo

risk capital

capital-riesgo
[ESP]

verbal intervention

intervencin verbal

vertical fund

fondo vertical

vertical integration

integracin vertical

vertically integrated industries

industrias integradas verticalmente

very large use of Fund resources

utilizacin masiva de los recursos del FMI

vicious circle

crculo vicioso

virement

transferencia de recursos de un presupuesto a otro

virtuous circle

crculo virtuoso

Visa Services Office

Oficina de Servicios de Visado

[IMF-HRD]

visiting scholar
[IMF]

profesor visitante
profesor invitado

visiting professor
visiting fellow

vital statistics

estadsticas demogrficas, del estado civil

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 755

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volatile capital

capital voltil
capital inestable

volatility

inestabilidad
volatilidad

volume changes

variaciones en el volumen

[GFSM 2001]

volume index

ndice de volumen
ndice de cantidad
ndice de quntum

voluntary contribution account

cuenta de aportaciones voluntarias

[IMF arrears; debt reduction]

voluntary departure program

programa de retiro voluntario

voluntary departure scheme

voluntary export restraint

limitacin voluntaria de las exportaciones

VER

restriccin voluntaria a la exportacin

voluntary repayment

reembolso voluntario

[IMF]

voluntary repurchase

recompra voluntaria

[IMF]

voluntary restraint

limitacin voluntaria

self-restraint

autolimitacin

voluntary unemployment

desempleo voluntario

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 756

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vostro account

cuenta vostro

vote by proxy

votacin por poder

[IMF]

voting power
[IMF]

voting rights and representation privileges

nmero de votos
poder de voto

derechos de voto y privilegio de representacin

[IMF-AA, Third amendment]

voting without meeting

votacin sin reunin

v-shaped rebound

recuperacin en forma de V

v-shaped recovery

recuperacin en V

vulnerabilities

aspectos vulnerables

[surveillance]

vulnerabilidades
factores de vulnerabilidad

vulnerability assessment

evaluacin de la vulnerabilidad

vulnerability exercise

anlisis de vulnerabilidad

VE

vulnerability indicator

indicador de vulnerabilidad

vulture fund

fondo buitre

[debt restructuring]

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 757

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W20

W-20

W20 engagement group

wage award

aumento salarial, concesin de

salary award

decisin arbitral sobre salarios

[+a veces+]

wage bill

masa salarial

payroll

gasto salarial
gasto en remuneraciones

wage cost(s)

costo de los salarios

payroll cost(s)

costos salariales

wage differential

disparidad salarial
diferencia salarial
desigualdad de remuneracin

wage drift

diferencial de salarios

wage creep

diferencia entre el pago bsico y la remuneracin total

wage earner

asalariado

wage equalization

equiparacin de salarios

wage flexibility

flexibilidad salarial

wage goods

bienes salariales

wage policy

poltica salarial

wages policy

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 758

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wage rate

salario

wage

sueldo

wage restraint

moderacin salarial

wage moderation

moderacin de los aumentos salariales

contencin salarial
restriccin salarial
austeridad salarial

wage rigidity

rigidez salarial

wage round

negociacin salarial

wage settlement

convencin salarial
convenio colectivo
acuerdo salarial

wage wedge

razn sueldo bruto/sueldo neto

wage-bargaining system

sistema de negociacin salarial

wage-push inflation

inflacin salarial
inflacin producida por los salarios

wages and salaries

[BPM5; GFSM; GFSY; SNA93]

waive

sueldos y salarios
[MEFP; SCN93]

dispensar del cumplimento de una obligacin

eximir de una obligacin
renunciar a un derecho

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 759

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waiver

dispensa
exencin
renuncia a un derecho

warehousing

depsito

[BPM5]

[MBP5]

warning signal

seal de alerta

warning sign

seal de advertencia
seal de prevencin

warrant
[financial derivatives]
stock warrant
equity warrant
subscription warrant
stock purchase warrant
share purchase warrant

warrant
warrant financiero
certificado de opcin para la compra de valores
[Gua de la deuda, 1993]
certificado para la compra de valores
[MBP5]
certificado de opcin
[MEFP]
garanta de opcin
[SCN93]

watchdog body

rgano de vigilancia

waterlogging

anegamiento

ways and means

medios y arbitrios

ways and means advances

anticipos presupuestarios

[budget]

weak law of large numbers

ley dbil de los grandes nmeros

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 760

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Spanish

weak policies scenario

escenario de debilidad de las polticas

wealth effect

efecto riqueza
efecto de riqueza

wealth tax

impuesto al patrimonio

[BPM5]

[MBP5; SNA93]

tax on wealth

impuesto a la riqueza

[SNA93]

[MBP5; SCN93]
impuesto sobre el patrimonio

wealth
[BPM5; GFSM; SNA93]

riqueza
[MBP5; MEFP; SCN93]
patrimonio
[MBP5]

Web Content and Authoring Team

Equipo de Contenido y Autora de la Web

[TGS/IM]

weight

ponderacin
coeficiente de ponderacin
peso

weighted average
[SNA93]

media ponderada
promedio ponderado
[SCN93]

weighted regression

regresin ponderada

weighted voting system

sistema de votacin ponderada

weighting bias

sesgo de ponderacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 761

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weighting pattern

estructura de ponderacin

welfare economics

economa del bienestar

welfare effects

efectos en el bienestar

welfare payment

prestacin de asistencia social

subsidio de asistencia social

welfare state

Estado de bienestar
Estado benefactor
Estado asistencial
Estado providente

welfare

bienestar

well-being

wellhead price

precio en la cabeza de pozo

[oil; natural gas]

WEO exercise

estudio de las perspectivas de la economa mundial

West Africa Monetary Zone

Zona monetaria del frica occidental

[IBRD]
WAMZ

West Africa Regional Technical Assistance Center

Centro Regional de Asistencia Tcnica de frica Occidental

West AFRITAC

AFRITAC Occidental

AFRITAC West

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 762

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West African Clearing House

Cmara de Compensacin del frica Occidental

WACH
CCAO

West African Development Bank

Banco de Desarrollo de frica Occidental

WADB

BOAD

West African Division I, II

Divisin de frica Occidental I, II

[AFR/WB, WF]

West African Economic and Monetary Union

Unin Econmica y Monetaria del frica Occidental

WAEMU

UEMAO

West African Economic Community

Comunidad Econmica del frica Occidental

WAEC

CEAO

CEAO

West African Monetary Agency

Organismo Monetario del frica Occidental

WAMA

WAMA

West African Monetary Union

Unin Monetaria del frica Occidental

WAMU

UMAO

Western Division

Divisin de Europa Occidental

[EUR/WE]

Western European Union

Unin Europea Occidental

WEU

UEO

Western Hemisphere Department

Departamento del Hemisferio Occidental

[IMF]
WHD

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 763

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Spanish

Western Hemisphere Division

Divisin del Hemisferio Occidental

[INS/WH]

white noise

ruido blanco

[statistics]

wholesale bank

banco mayorista

wholesale funding

financiamiento mayorista

wholesale funds

wholesale price index

ndice de precios al por mayor

WPI

ndice de precios mayoristas

wholly owned subsidiary

filial de propiedad absoluta

fully owned subsidiary

filial de propiedad exclusiva

widespread floating

flotacin generalizada

windfall gold sales profits

ganancias extraordinarias de las ventas de oro

windfall profits from gold sales

windfall gold profits

windfall profit

ganancias inesperadas

windfall

ganancias extraordinarias
beneficios imprevistos
utilidades imprevistas
ganancias imprevistas

windfall tax

impuesto sobre las ganancias extraordinarias

windfall profit tax

impuesto sobre las utilidades extraordinarias

WPT

impuesto sobre los beneficios extraordinarios

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 764

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window dressing

maquillaje de las cifras

retoque del balance
presentacin cosmtica
manipulacin de la contabilidad

window of opportunity
opportunity
[SNA93]

win-win situation

oportunidad
[SCN93]
momento propicio

situacin en la que todos ganan

situacin en la que no se pierde

wire transfer

giro telegrfico
transferencia telegrfica

Wishart distribution

distribucin de Wishart

withdrawal from membership

retiro de un pas miembro

[IMF]

withdrawal of bid

retiro de la oferta

[GA]

withhold tax

retener impuestos en la fuente

collect withholding tax for the government

recaudar impuestos en la fuente

withholding tax

impuesto retenido en la fuente

impuesto retenido
impuesto deducido en la fuente

Wolfsberg Group

Grupo de Wolfsberg

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 765

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women's agency

poder de decisin de las mujeres

Women's World Banking

Banco Mundial de la Mujer

WWB

Work Practices Section

Seccin de Mtodos de Trabajo

[OIA]
WPS

work program

programa de trabajo

workers' remittances

remesas de trabajadores

[BPM5; BPM6]

workforce
[enterprises]

[MBP5; MBP6]

personal
dotacin de personal
plantilla

working balance

saldo para operaciones

saldo de operacin
fondo para operaciones

Working Group on Capital Flows

Grupo de Trabajo sobre los Flujos de Capital

[FSF]

Working Group on Creditor-Debtor Relations

Grupo de Trabajo sobre Relaciones entre Acreedores y Deudores

[IMF]

Working Group on IMF Corporate Governance

Grupo de Trabajo sobre el Gobierno Corporativo del FMI

Working Group on Jobs and Inclusive Growth

grupo de trabajo sobre empleo y crecimiento inclusivo

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 766

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Working Group on Offshore Financial Centers

Grupo de Trabajo sobre los Centros Financieros +Offshore+

[FSF]

Working Group on the Fund's Risk Management Framework

grupo de trabajo sobre el marco de gestin de riesgos del FMI

working group

grupo de trabajo

working party

working hypothesis

hiptesis de trabajo

working life

vida activa

working paper

documento de trabajo

Working Party of the Group of African Governors

Comisin de Trabajo del Grupo de Gobernadores Africanos.

African Working Party

Grupo de Trabajo de los Gobernadores Africanos

Working Party on the Measurement of International Capital

Grupo de Trabajo sobre la Medicin de las Corrientes

Flows

Internacionales de Capital

[BPM5]

[MBP5]

Working Party on the Statistical Discrepancy in World Current

Grupo de Trabajo sobre la Discrepancia Estadstica en los Saldos

Account Balances

Mundiales en Cuenta Corriente

[IMF, BIS;EUROSTAT, OECD]

working table

cuadro de trabajo

working-age population

poblacin en edad laboral

poblacin en edad de trabajar

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 767

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worksheet

hoja de trabajo

[BPM5]

World Bank Group

Grupo Banco Mundial

WBG

World Bank

Banco Mundial

[World Bank Group]

WB

World Confederation of Labour

Confederacin Mundial del Trabajo

WCL

CMT

World Conference on Disaster Reduction

Conferencia Mundial sobre la Reduccin de los Desastres Naturales

WCDR

world current account statistical discrepancy

discrepancia estadstica en los saldos mundiales en cuenta corriente

world current account discrepancy

World Customs Organization

Organizacin Mundial de Aduanas

WCO

OMA

World Development Report

Informe sobre el desarrollo mundial

[World Bank]
WDR

World Economic and Financial Surveys

Estudios de la economa y las finanzas mundiales

World Economic and Market Developments

Evolucin de la economa y los mercados mundiales

[IMF]

[ttulo no oficial]

WEMD

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 768

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World Economic Forum

Foro Econmico Mundial

World Economic Outlook Update

+Actualizacin de las Perspectivas de la economia mundial+

WEO Update

World Economic Outlook

[IMF]

+Perspectivas de la economa mundial+

+Perspectivas+

WEO

World Economic Studies Division

Divisin de Estudios Econmicos Internacionales

[RES/WO]

World Faiths Development Dialogue

[IBRD]

Dilogo sobre el Desarrollo entre las Religiones del Mundo

Dilogo Interreligioso para el Desarrollo

WFDD

World Food Council

Consejo Mundial de la Alimentacin

[FAO]
WFC

World Food Programme

Programa Mundial de Alimentos

[UN-FAO]
WFP

World Health Organization

Organizacin Mundial de la Salud

WHO

OMS

World Intellectual Property Organization

Organizacin Mundial de la Propiedad Intelectual

WIPO

OMPI

world market price

precio del mercado mundial

world price

precio mundial

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 769

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World Tourism Organization

Organizacin Mundial del Turismo

WTO

OMT

World Trade Organization

Organizacin Mundial del Comercio

WTO

OMC

worse-policies scenario

escenario de medidas de poltica desfavorables

[WEO]
worst-policies scenario
pessimistic scenario

worst case scenario

escenario pesimista

pessimistic scenario

escenario ms desfavorable
marco hipottico pesimista
marco hipottico ms desfavorable

write down (an asset)

reducir el valor en libros

castigar contablemente

write off (an asset)

pasar a prdidas y ganancias

charge off

cancelar en libros
amortizar una deuda incobrable
cancelacin contable
traslado a prdidas y ganancias

write off debt

condonar la deuda

write-down

castigo contable
reduccin del valor en libros

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 770

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Spanish

write-off value

valor pasado a prdidas y ganancias

write-off amount

valor incobrable amortizado

write-off

valor cancelado en libros

X-axis

eje de las X, de abscisas

abscisas

Yankee bond

bono yanqui

Y-axis

eje de las Y, de ordenadas

ordenadas

yearly rate

tasa anual
elevado a tasa anual

year-on-year change

variacin interanual
variacin de un ao al otro
variacin en relacin con igual perodo del ao anterior

year-to-year basis, on a

interanual

year-on-year basis, on a

de un ao a otro

y/y

yield

rendimiento financiero
rentabilidad financiera

yield curve

curva de rendimientos

term structure of interest rates

estructura de las tasas de inters

interest rate structure

term structure

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 771

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Spanish

yield to maturity

rendimiento al vencimiento

YTM
redemption yield

Youth Dialogue

Dilogo con la Juventud

Youth Employment Scheme

plan de empleo juvenil YES

YES

zero base budget

[IMF]

presupuesto base cero

presupuesto en base cero

ZBB
zero-based review

zero bound

lmite cero

zero interest bound

zero lower band

zero growth

crecimiento cero
crecimiento nulo

zero saving

ahorro nulo
ahorro igual a cero

zero-coupon bond

bono de cupn cero

bono cupn cero

zeroing

reduccin a cero

[WTO]

zero-sum game

juego de suma cero

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 772

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Spanish

zoning laws

leyes de urbanismo

zoning regulations

reglamentos de urbanismo
reglamentos de zonificacin

IMF GLOSSARY WEB 2015 English Spanish

The data herein may not be disseminated in any form without prior written permission of the IMF.

Page 773