What is the main role of the International Monetary Fund IMF
What is the main role of the International Monetary Fund IMF
Answer: Providing financial assistance and economic stability to member countries
"The International Monetary Fund IMF is an international organization established in 1944 to promote global economic stability and cooperation. Its primary function is to provide financial assistance to member countries experiencing balance of payment issues or economic crises. The IMF also offers policy advice and technical assistance to improve governance and strengthen economies. By providing loans often tied to economic reforms it aims to restore confidence and enable sustainable growth. Its work is crucial in maintaining stability in the global financial system preventing economic collapses and fostering economic cooperation between nations."
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