What does IMF stand for ? Write any one of its function . Do you think that function of IMF Is really democratic.
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If stands for International Monetary Fund an dit is part of UNO. It provides loan to countries to for the purposes of development on high interest rates. It isn't democratic as countries contributing more in IMF have a greater say in it. 10 countries own almost half of the say. Those 10 countries are USA, Canada, Japan, China, Russia, UK, France, South Korea, Germany and Brazil.
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it stands for international monetary fund.it promotes world trade and it strives to harmonise the economic relations between the advanced and poor nations and it does not on democratic.it is financed by the participating countries .
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