What is the objective of International Monetary Fund (IMF)? What is the fundamental mission of IMF ?
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2024
What is the objective of International Monetary Fund (IMF)? What is the fundamental mission of IMF ?
Answer & Explanation:
Answer 4(d) International Monetary Fund (IMF) is an organisation working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty around the world. The primary purpose of IMF is to ensure the stability of the international monetary system - the system of exchange rates and international payments that enable countries and their citizens to transact with each other. The following are the fundamental mission of IMF: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and Other assistance to members countries
Topics: International Financial Institutions
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