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IMF describes itself as "an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty". The primary mission of the IMF is to provide financial assistance to countries that experience serious financial difficulties. Member states with balance of payments problems may request loans and/or organizational management of their national economies. In return, the countries are usually required to launch certain reforms, an example of which is the "Washington Consensus". These reforms are generally required because countries with fixed exchange rate policies can engage in fiscal, monetary, and political practices which may lead to the crisis itself. For example, nations with severe budget deficits, rampant inflation, strict price controls, or significantly over-valued or under-valued currencies run the risk of facing balance of payment crises in their future. Thus, the structural adjustment programs are at least ostensibly intended to ensure that the IMF is actually helping to prevent financial crises rather than merely funding financial recklessness.

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Q: What are the functions of the International Monetary Fund?
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Related questions

When did the International Monetary Fund come into existence?

In 1946 in Washington, D.C., the international organization to monitor the new international monetary system came into existence--the International Monetary Fund (IMF).


Does IMF stand for International Money Fund?

It stands for International Monetary Fund


What are the roles of International Monetary Fund in promoting international business?

One of the roles of International Monetary Fund is to provide loan to the international importer who do not have immediate cash to pay with.


What does IMF stand for?

International Monetary Fund


How does the International Monetary Fund Makes?

Installment


Where is the headquarter of the international monetary fund?

GENEVA


What is fullform of IMF?

International Monetary Fund


What has the author David D Driscoll written?

David D. Driscoll has written: 'What is the international monetary fund?' -- subject(s): International Monetary Fund, International finance


What are some international organizations that begin with the letter I?

International Monetary Fund


What does IMF stands for?

it stands for international monetary fund


What are the goals of international monetary fund?

Goal of IMF


Where is the Headquarter International monetary fund?

United states


Where is the The Headquarter of the International Monetary Fund?

Washington DC


What in business term is the imf?

International Monetary Fund


Who is the chief economist of international monetary fund?

nothing


What are the sources of International Monetary Fund funds?

you are a fool


What has the author Sarah Tenney written?

Sarah Tenney has written: 'Historical dictionary of the International Monetary Fund' -- subject(s): International finance, Dictionaries, International Monetary Fund, History


What international organization is a unit within the United Nations?

International Monetary Fund


Do The International Monetary Fund assist nations in their international environmental affairs?

FALSE


In which city are the headquarters of the International Monetary Fund?

Washington DC?


Where is the headoffice of international monetary fund?

it is in Washington DC in USA


Name the present chairman of International Monetary Fund?

alpari


What are the sources of international monetary fund?

you are a fool


Function of international monetary fund?

The International Monetary Fund was first established to help in the reconstruction of the payment system after World War II. Its function is to help with economic and global growth.


Achievements of international monetary fund?

hw im i 2 noe