Flashcards in IMF Deck (8)
what does it oversee?
The global financial system
What does it offer?
Financial and technical assistance to its members
Why does it provide loans?
To help members tackle balance of payment problems and stability their economies
What have they been known to do?
Impose severe cuts on education and welfare spending by governments
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
What has it done in recent years?
Gave its help to developing countries
What has it been found incapable of doing?
Being flexible - incapable of making raid changes