FMI

FMI is an acronym that can refer to several different organizations and standards, depending on language and context. This article summarizes the most common uses in finance, engineering, and meteorology.

FMI stands for Fondo Monetario Internacional or Fonds Monétaire International in several languages, referring to the International Monetary Fund. Established in 1944 at Bretton Woods and headquartered in Washington, D.C., it provides policy advice, financial assistance, and technical support to member countries. It conducts economic surveillance, offers lending for balance-of-payments problems, and supports policies for monetary stability and sustainable growth. Governance is by a Board of Governors and an Executive Board, with a managing director as chief administrator.

FMI denotes the Functional Mock-up Interface, a standard for exchanging and co-simulating dynamic models. Developed by the Modelica Association, FMI enables model reuse and interoperability among tools. It has two main modes: FMI for Model Exchange and FMI for Co-Simulation, and uses Functional Mock-up Units (FMUs). The standard is widely used in automotive, aerospace, energy, and process industries.

FMI also stands for the Finnish Meteorological Institute, a Finnish government agency responsible for weather forecasts, climate research, and space weather data. It operates national observation networks, provides forecasts and warnings, and collaborates with international partners on meteorological and environmental research.