What is the International Monetary Fund? Discuss its relationship with the World Bank.
Introduction
International monetary fund was established in 1946. It promotes international monetary cooperation among member countries. It promotes exchange stability and maintain orderly exchange arrangement among members and it avoid competitive exchange depreciation. It help to correct disequilibrium in the balance of payments of member countries. It facilitate the expansion and balanced growth of international trade. It helps to make resources available to member countries at the time of need. It also promotes investments in backward countries. It also help to deal finance related issues among the world and promotes sustainable economic growth.
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