DEFINITION of 'International Banking Facility - IBF'. A facility that allows depository institutions in the United States to offer deposit and loan services to foreign residents and institutions, while being exempted from reserve requirements imposed by the Federal Reserve and some state and local income taxes.
Top 10 unbelievable historical concurrencies. A populist is a person who subscribes to the political philosophy of populism, which is in favor of supporting the rights of the masses and giving power to the people in the struggle against the privileged upper class.op 10 unbelievable historical concurrencies. A populist is a person who subscribes to the political philosophy of populism, which is in favor of supporting the rights of the masses and giving power to the people in the struggle against the privileged upper class.
In its most democratic form, populism seeks to defend the interest and maximize the power of ordinary citizens, through reform rather than revolution. In the United States the term was applied to the program of the Populist Movement, which gave rise to the Populist, or Peopleâs, Party in 1892. Many of the partyâs demands were later adopted as laws or constitutional amendments (e.g., a progressive tax system).