International Monetary Fund

International Monetary Fund (IMF) Organization set up in 1945 as an outcome of the Bretton Woods Agreement (1944), it seeks to promote international monetary co – operation, expand international trade, stabilize exchange rates, and help countries with short – term balance of payment difficulties to maintain their exchange rates. Its member countries may buy foreign exchange from the fund to tide over temporary shortages. However, for nay substantial borrowing the Fund may require the borrower to accept its advice, the fund’s objectives re to ensure that the debtor countries can achieve sustainable growth, balance of payments viability, and normal relations with creditors, including access to international financial markets.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Powered by WordPress