functions of the IMF

• AIMS

  • Works to achieve sustainable growth and prosperity for all of its 190 member countries.
  • Supporting economic policies that promote financial stability and monetary cooperation
  • Financial support to countries hit by crises so they can implement policies to restore stability and growth.
• ROLES - Three Fundamental Pillars

  Surveillance

  • formal system that reviews and monitors the financial and economic policies of member countries 
  • offers macroeconomic and financial policy advice.

  Technical Assistance/Capacity Development

  • practical support and training directed at low- and middle-income countries help manage their economies.

  Lending. 

  • gives loans to member countries that are struggling to meet international obligations.
• ‘Structural adjustment’: provided in return for implementing specific IMF conditions designed to put government finances on a sustainable footing and restore growth. 

  • discuss adjustments to policies to pave way for a stable economy.