The Troika

In international finance, "The Troika" refers to three organizations— the European Commission, the European Central Bank, and the International Monetary Fund—that jointly oversee and assist countries facing severe economic difficulties. They work together to provide financial aid and recommend policies aimed at restoring economic stability and growth. The Troika's role involves monitoring the country's economic reforms, ensuring borrowed funds are used effectively, and guiding necessary policy changes, all while balancing financial support with efforts to stabilize and rebuild the affected economy.