Question

Elaborate the objectives and functions of International Monetary Fund (IMF).

Answer 1

The principal function of the IMF is to supervise theinternational monetary system. ... These are: granting of credit to member countries in the midst of temporary balance of payments deficits, surveillance over themonetary and exchange rate policy of member countries, issuing policy recommendations.

Answer 2

Answer:

To promote international cooperation; to facilitate the expansion and balanced growth of international trade; to promote exchange stability; to assist in the establishment of a multilateral system of payments; to make its general resources available to its members experiencing balance of payments difficulties under ...