International Monetary Fund
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Task Type: Discussion Board Deliverable Length: 4-5 paragraphs
Points Possible: 75 Due Date: 9/15/2008 11:59:59 PM CT
Your cousin's latest interest is The International Monetary Fund, about which you are now chatting online.
The IMF was established by the United Nations in 1944 to provide loans to countries in financial distress at a relatively low interest rate. Nations having balance-of-payments problems can borrow from the IMF for short time periods and such loans include economic and financial stipulations on the debtor nation. Typically, such stipulations require that the debtor nation follow an austerity program that limits government spending, domestic consumption, and imports.
Your cousin wants to know, what do you think about the goal of the IMF's aid to distressed countries? What has been the controversy surrounding the IMF austerity programs? What are examples of the IMF successes and failures?
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
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Solution Summary
The response address the queries posted in 478 words with references.
Solution Preview
The response address the queries posted in 478 words with references.
//Prior to talk about that, IMF goals are providing assistance to distressed countries, we will first of all, understand about IMF. In this part, we will also talk about main objective of IMF. So, firstly; we will write about IMF under the heading of Introduction, for example://
Introduction:
The IMF (International Monetary Fund) is a US based organization which is based on global financial system. The IMF provides financial assistance to its member countries that have problems of balance of payments and exchange rates. It works as an international lender for the distressed countries. The debtor nation has some financial and economic conditions for borrowing. To handle these problems the debtor nations follow austerity program.
Since its emergence, the IMF is following strong economic and financial global economic system. The main objective of IMF is to work with cooperation, equality and maintain international economic relations to help the economically distressed countries. The main goal of the IMF is to help the distressed countries in the development of high living standard and sustainable economic growth. For ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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