Economy, asked by sjkskilled3565, 1 year ago

How imf helps its member countries in their economic development?

Answers

Answered by maryamkincsem
0

IMF refers to the International Monetary Fund.

IMF is a body, or institution developed in order to help member countries in economic and monetary matters.

It is an international organization having its headquarters in Washington.

In this organization there are member states who work together to foster economic stability in the world.

They secure financial stability.

They secure international trade.

They promote growth.

They seek stability.

They reduce poverty.

They help to take out loans.

This all adds to contributing for the welfare of societies all around the world.

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