David Reisberg

David Reisberg

Saturday, March 5, 2011

The IMF and its influences


According to www.imf.org, "The International Monetary Fund (IMF) is an organization of 187 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. The IMF's fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members."
The IMF has many influences throughout the world by providing such supports outlined above.  Countries with poorer economies can request assistance from the organization which may be applied to the country's economy in need.  With such support channels from the IMF, the country can start to mobilize a starting boost to help with growing economic challenges.  The support given by the IMF, influences the face of the organization, which in turn has a positive look for both the stability and positive regrowth of the assisted country.

1 comment:

  1. There are always two sides of the story, as you will see when we watch Life and Debt about Jamaica.

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