Roles of IMF

What is IMF?

International Monetary Fund (IMF) is an organization of 188 countries

Working to foster global monetary cooperation

Secure financial stabilityFacilate international tradePromote high employment & sustainable

economic growthAnd reduce poverty around the world

Mission : help ensure stability in the international system

Does so in 3 ways1. Keeping track of the global economy &

economies of member countries2. Lending to countries with balance of

payment difficulties3. Giving practical help to members

SURVEILLANCE

It keeps track of economics development on a

National Regional Global basisConsulting regularly with member

countries & providing them with macroeconomics and financial policy advice

LENDING

IMF provide loans to countries that have trouble meeting their international payments & cannot otherwise find sufficient financing on affordable terms

TECHNICAL ASSISTANCE

To assist mainly low and middle-income countries in effectively managing their economies

IMF provide practical guidance & training on how to upgrade institution

Design appropriate macroeconomics, finance and structural policies