What are the main objectives of the IMF?

What are the main objectives of the IMF?

The main objectives of IMF, as noted in the Articles of Agreement, are as follows:

  • (i) International Monetary Co-Operation:
  • (ii) Ensure Exchange Stability:
  • (iii) Balanced Growth of Trade:
  • (iv) Eliminate Exchange Control:
  • (v) Multilateral Trade and Payments:
  • (vi) Balanced Growth:
  • (vii) Correction of BOP Maladjustments:

What is the main objective of IMF loan to India?

IMF lending aims to give countries breathing room to implement adjustment policies in an orderly manner, which will restore conditions for a stable economy and sustainable growth. These policies will vary depending upon the country’s circumstances.

What are the objectives of IMF 10th class?

secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and. reduce poverty around the world.

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What is the role of IMF in India?

IMF has played an importance role in Indian economy. IMF had provided economic assistance from time to time to India and has also provided appropriate consultancy in determination of various policies in the country. India has taken loans in foreign currencies from IMF or improving its balance of payments imbalances.

What is IMF What are its objectives Class 12?

Major Objectives of IMF. (i) To promote international monetary cooperation through a permanent institution. (ii) To facilitate expansion of balanced growth of international trade and to contribute thereby to the promotion and maintenance of high levels of employment and real income.

When did IMF help India?

Thus, the IMF played an important role, through its lending to India, in stabilizing the Indian economy between 1952 and 1970.

What is IMF in economics Upsc?

The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

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What is the rank of India in IMF?

The International Monetary Fund (IMF) data shows that India became the world’s fifth-largest economy in 2019, surpassing the UK and France. The latest IMF data, however, puts India back in the sixth position in 2020, and further down to No 7 in 2021.

What are the achievements of IMF?

Achievements of the IMF:

  • Some of the major achievements of the IMF are as follows:
  • (i) Stability in Exchange Rates:
  • (ii) Promotion of International Trade:
  • (iii) Check on Multiple Exchange Rates:
  • (iv) Broadening of the Credit Structure:
  • (v) Multilateral Payments System:

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