The Role of IMF in providing assistanse to countries to overcome their Assignment

The Role of IMF in providing assistanse to countries to overcome their economic problems - Assignment Example The study aims to explain the procedure based on which IMF contributes towards the development of economic conditions of several countries. Also main functions of the IMF is under consideration. IMF is an international organisation that has been established in the year 1944. The organisation is headquartered in Washington D.C., United States. The organisation has been a significant consideration for developing the global financial condition. After the establishment of IMF, the condition of world economy has dramatically changed. To operate the global financial development, IMF has introduced few improvements in its policies for managing the needs in terms of balance of payment. IMF has been developed with the aim of managing macroeconomic factors and to implement structural policies for every poor, rich and middle-income member nations. In this context, the mission of the organisation has been to monitor and manage economic trend that prevails in the global economy The IMF provides necessary policies, advice and financing to member countries of the organization. IMF is an international organisation that has been dealing with global financial or money market. The function of IMF has been helpful in supporting the member countries of IMF. It enables the availability of resources and develops a fund including general resources for low-income countries. IMF has made a complete contribution towards the development of the global economy. IMF has achieved certain success in providing financial support to the member countries.