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Flashcards in IMF Deck (8)
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1

what does it oversee?

The global financial system

2

What does it offer?

Financial and technical assistance to its members

3

Why does it provide loans?

To help members tackle balance of payment problems and stability their economies

4

What have they been known to do?

Impose severe cuts on education and welfare spending by governments

5

What has it contributed to?(advantage)

The enlargement of global trade - created facilities for member countries for financing and adjusting the balance of payment deficits

6

What has it done in recent years?

Gave its help to developing countries

7

What has it been found incapable of doing?

Being flexible - incapable of making raid changes

8

Interest rates?

They are rather high, 6.6%