Summary – International Monetary Fund (IMF)
The International Monetary Fund (IMF) is a global organization formed in 1944 to help countries work together on monetary matters. It has 190 member countries that collaborate to promote stability in the world’s money systems, support global trade, encourage economic growth, and reduce poverty. The IMF provides financial help to countries facing payment issues, gives advice on economic policies, and conducts research to understand and address global economic challenges. It was created after a meeting in 1944, and since then, it has been helping countries facing economic difficulties. India, as one of its founding members, has actively participated, repaid loans, and increased its role in decision-making. The IMF plays a crucial role in maintaining a stable and cooperative international financial environment.
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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