Question

Is IMF really working on democratic principles ,how can we say this, explain briefly?​

Answer 1

Answer:

In the case of IMF conditionality, the group notes specifically that when a country borrows from it, “its government agrees to adjust its economic policies to overcome the problems that led it to seek financial aid from the international community.

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Answer 2

IMF working really for democratic resposibility for the country.

Explanation:

• IMF stands for International Monetary Fund.
• IMF policy prescriptions favour liberal, capitalist, free-market policies and so the rule of law and essentially western democratic values.
• Quantitative performance criteria is the condition of IMF.
• Specific, measurable conditions for IMF lending that always relate to macro economic variables under the control of the authorities.
• It keeps track of economic developments on a national, regional and global basis.
• It consulting regularly with member countries and providing them with macroeconomic and financial policy advice.

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