Imagine you are an economic advisor to a developing country experiencing a financial crisis. To stabilize the economy, you suggest seeking assistance from the International Monetary Fund (IMF). What fundamental mission a

The fundamental mission of International Monetary Fund (IMF) is to ensure the stability of the international monetary system. It does so in three ways: (i) keeping track of the global economy and the economies of member countries; (ii) lending to countries with balance of payments difficulties; and (iii) giving practical help to members. Objectives of IMF IMF was developed as an initiative to promote international monetary cooperation, enable international trade, achieve financial stability, stimulate high employment, diminish poverty in the world and sustain economic growth. Initially, there were 29 countries with a goal of redoing the global payment system. Today, the organization has 190 members. To improve and promote global monetary cooperation of the world. To secure financial stability by eliminating or minimizing the exchange rate stability. To facilitate a balanced international trade. To promote high employment through economic assistance and sustainable economic growth. To reduce poverty around the world.