Outline four roles of international Monetary Fund (I.M.F)

What are the roles of international Monetary Fund (I.M.F)?

Answers

-Providing financial assistance to alleviate poverty in different countries to boast people's income so that global demand for goods can go up
-Ensures that member countries maintain stable foreign exchange rates for their currencies
-Relieving heavily indebted countries of debt repayment so that they can use such funds to improve the living standards of people
-Providing funds for member countries to finance deficit in their balance of payments
-Providing forums through which member countries can consult and co-operate on matters concerning trade among them
-Maintaining currency reserves of different countries enabling member countries to buy foreign exchange to be used to import goods and services.

OR

1. Offer loans to members countries

2. Give technical advices and support

3. Maintenance of stable exchange rate

4. Give members countries debt receipt

5. Provide sufficient international liquidity

6. Promote consultation and co-operation

7. Assisting member countries with balance of payment deficits

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johnmulu answered the question on January 19, 2017 at 06:08

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