Question

The Bretton Woods Agreement (1944) established the International Monetary Fund (IMF). What were its original objectives? What are its current objective? Give one example how IMF assists your country.

Answer 1

the original objectives of the IMF:

the IMF provides loans to countries to help them overcome their balance of payments problem . they provide policy advice and capacity development support to help countries develop strong economies.

the current objectives of the IMF are :

1) maintain economic stabiility

2)promote high employment

3) facilitate international trade

4) reduce umemployment

5) to foster global economic cooperation.

its main goal is to remove poverty, promote finanacial stability. it works with the help of member countries to alleviate poverty and ensure sustainable growth in the economies.

one example of how IMF assists my country:

The INDIAN currency was linked to the british pound. after the establishmemt of the IMF, the indian currency became a independent currency . The IMF has been supplying foreign currencies to India to carry out development activities.