Objectives of the International Monetary Fund (IMF)
IMF was developed as an initiative to encourage international monetary cooperation, enable international trade, attain financial stability, provide high employment, reduce poverty among the nations around the world and sustain economic growth.
The main objectives of International Monetary Fund are mentioned below:
- To reduce poverty around the world.
- To attain financial stability by eliminating the exchange rate stability.
- To facilitate a balanced international trade.
- To encourage global monetary cooperation among the nations.
- To provide high employment through economic assistance and sustainable economic growth.
International Monetary Fund (IMF)
International Monetary Fund (IMF) is an international financial institution established in 1944 with the primary goal of promoting global monetary cooperation, ensuring exchange rate stability, facilitating the balanced growth of international trade, and providing resources to help member countries facing balance of payments problems.
In this article, we will discuss the International Monetary Fund (IMF), the origin of the IMF, its controlling bodies, its objective, and its functions along with India’s relations with the IMF.
Table of Content
- What is the International Monetary Fund (IMF)?
- Formation of the International Monetary Fund (IMF)
- Organizational Structure of the International Monetary Fund (IMF)
- Objectives of the International Monetary Fund (IMF)
- Functions of the International Monetary Fund (IMF)
- India’s Relations with the International Monetary Fund (IMF)
- Global Inflation due to changes in Monetary Policy
- International Monetary Fund (IMF) UPSC
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