This agency acts like an international lender of last resort to cope with financial instability.

Question

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The IMF (International Monetary Fund) is an international organization that serves as a lender of last resort to countries facing financial crisis or instability. Its primary purpose is to ensure the stability of the international monetary system and promote international trade by providing emergency loans to its member countries. The World Bank and the International Bank for Reconstruction and Development (IBRD) focus more on financing long-term development projects, while the European Central Bank primarily manages monetary policy for the Eurozone countries.

This Agency Acts Like an International Lender of Last Resort