please explain me IMF in simple language not from net pls
Answers
Answer:
❤___IMF___❤
IMF is International Monetary Fund which gives loans to the government when they are in need of funds. It is the biggest moneylender for any country in the world. However, IMF gives loans to the countries after examining their accounts and even suggests them to change their economic policies.
IMF has 188 members but every country in the organisation does not have equal voting rights. Vote of the country depends upon the monetary contributions made by them to the IMF. Therefore, more than 52% of the voting power lies with rich countries such as US, Japan, France, Britain, Canada, Saudi Arabia and China. Remaining 178 countries have very little say in the working or functioning of the IMF.
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Answer:
The International Monetary Fund (IMF) is an organization of 189 countries, 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.
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