Which of the objectives of IMF is the most important why?
Balanced Economic Growth: IMF helps the member countries to achieve the balanced economic growth. It facilitates the expansion of balanced growth by the promotion and maintenance of high level of employment as the primary objective of economic policy.
What are the objectives of IMF Class 10?
To improve and promote global monetary cooperation of the world. To secure financial stability by eliminating or minimizing the exchange rate stability. To facilitate a balanced international trade. To promote high employment through economic assistance and sustainable economic growth.
What are the objectives of IMF and why it was incorporated?
The most important objective of the Fund is to establish international monetary co-operation amongst the various member countries through a permanent institution that provides the machinery for consultation and collaborations in various international monetary problems and issues.
What are the role and functions of IMF?
The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation. It also facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. The IMF is governed by and accountable to its 190 member countries.
What are the problems of IMF?
The major challenges faced by IMF include its governance structure, increasing level of politicisation, leadership challenges, performance evaluation difficulties, and dealing with social instability.
How does IMF reduce poverty?
The IMF provides broad support to low-income countries (LICs) through surveillance and capacity-building activities, as well as concessional financial support to help them achieve, maintain, or restore a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth.
Does IMF increase poverty?
IMF-required austerity is significantly associated with rising inequality, by increasing the income share to the top ten percent at the expense of the bottom 80 percent. Unsurprisingly, the impact can also be seen in significantly rising poverty levels in countries facing tighter austerity requirements.
What is the work of IMF?
The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.