What are the roles of International Monetary Fund(IMF) in economic development?

      

Explain the roles of International Monetary Fund(IMF) in economic development.

  

Answers


Maurice
(i) Provides personnel/ technical assistance.

(ii) Assists in identifying viable development projects/ carrying out feasibility studies.

(iii) Promotes country's foreign exchange rate by preventing local currency from depreciating.

(iv) Creates a conducive environment that enables countries to carry out international trade.

(v) Provides loans to clear balance of payment deficit.

maurice.mutuku answered the question on August 11, 2017 at 11:44


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