Question

What is the Function of International Monetary Fund?

Answer 1

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According to IMF itself, it works to foster global growth and economic stability by providing policy, advice and financing the members by working with developing nations to help them achieve macroeconomic stability and reduce poverty.

Answer 2

The functions of International Monetary Fund are:

1) providing economic stability to the developing nations by advising them on the topic of economy and providing them with ways to develop the economy of the country.

2) by helping the developing countries to overcome poverty and to help such countries in attaining macroeconomic stability in the economy of the country.

3) International Monetary Fund can help the countries by lending them with any kind of help such countries need in order to develop their economy.

These functions of International Monetary Fund can be summarized as Overseeing economic development, Lending and Capacity development.