An international orgaization that lends money to its members countries in time of financial distress
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Typically, a country's government and the IMF must agree on a program of economic policies before the IMF provides lending to the country. ... A country's return to economic and financial health ensures that IMF funds are repaid so that they can be made available to other member countries
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A country in severe financial trouble, unable to pay its international bills, poses potential problems for the stability of the international financial system, which the IMF was created to protect. Any member country, whether rich, middle-income, or poor, can turn to the IMF for financing if it has a balance of payments need—that is, if it cannot find sufficient financing on affordable terms in the capital markets to make its international payments and maintain a safe level of reserves.
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