INTERNATIONAL MONETARY FUND (IMF)
INTERNATIONAL MONETARY FUND (IMF)
DEFINATION
International Monetary Fund (IMF) is an international organization that provides the fund globally.
INTRODUCTION:
International Monetary Fund (IMF) organization was established in 1944. IMF was established after the Second World War. There are 45 member of this organization. IMF is working in 186 countries. It has a global role in the world’s economy. IMF helps the member countries to ensure the stability in international environment. IMF provides the loans to its member or non member countries that are facing troubles in payment of international dues. IMF monitors the economic and financial activities its member countries. IMF is the second best organization after World Bank. It is the largest organization that provides the loans to other countries.
OBJECTIVE OF IMF:
The main objective of IMF is to provide the loan to those countries that are facing the payment problem to other countries. If offers the loan to its member countries on a concession.
FUNCTIONS OF IMF:
The main function of IMF is to purchase and sale of member countries currency. IMF is the responsible organization of financial stability to its member countries. It is the financial agency of united nation.
IMF manages the international deposits from banks.
It helps the member countries to its payment process to other countries in a better way.
It is a sector of money lender to those countries who are facing problems.
It provides the financial investment loans to the member countries.
It monitors the economic and financial conditions of member countries.