The International Monetary Fund

Question

Quizplus · Accepted Answer

The International Monetary Fund provides loans to member countries facing economic difficulties and helps facilitate the movement of money between countries. It is known for providing short-term financing to countries in need.

B is incorrect because the IMF does not set a single monetary instrument for international monetary exchange. Instead, it promotes cooperation and stability in the global monetary system.

C is incorrect because the IMF has extended loans to a number of developing countries over the years. The organization's mandate is to support all member countries in maintaining economic stability.

D is also incorrect because while the IMF provides long-term financing for certain programs, it is primarily focused on short-term financing and economic stabilization efforts.