Which of the following are objectives of the International Monetary Fund?

Answers

The International Monetary Fund (IMF) is a specialized agency of the United Nations whose primary purpose is to promote global financial stability and economic growth. Some of its objectives include: 1) Providing loans, assistance, and advice to its member countries: The IMF provides financial and technical assistance to its member countries in the form of loans and advice. The loans are designed to help a country cover short-term balance-of-payments imbalances and to promote long-term economic development and stability. 2) Establishing a global monetary standard: The IMF works to maintain exchange-rate stability by providing monetary guidance to its member countries and encouraging them to avoid competitive devaluations of their currencies. 3) Enhancing cooperation among countries: The IMF encourages international cooperation among its members to address global economic problems. It works to promote and stimulate international trade, regional integration, and the harmonization of macroeconomic policies. 4) Helping fight poverty: Through its Poverty Reduction and Growth Facility, the IMF provides low interest loans and technical assistance to help poor countries reduce poverty and boost economic growth. 5) Reducing global risk: The IMF monitors the global economic outlook and global imbalances, and works to reduce economic and financial risks, such as those posed by capital flows, foreign volatility, and exchange-rate risks.

Answered by youngelizabeth

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