International Monetary Fund
IMF which is the abbreviation of International Monetary Fund is the largest financial and economic organization of the world.
Functions of IMF
There are many major functions of this organization. The most important among these is the fostering of the global financial and economic growth of different regions of the world. In addition to this, it is also the responsibility of this organization to analyze and assess the economic growth on annual basis of the member countries. Then according to the prevalent scenario in these countries with weak economic growth, the suitable financial assistance is provided. There are many ways in which assistance can be provided. The most common of these provision of suitable policy advice and financing techniques to the member countries especially those who are facing any difficulty in economic sector. In this way the developing countries are also enabled to develop certain level of macroeconomic stability and therefore poverty can be reduced or eliminated from their countries.
Global status of IMF
Globally, IMF has been placed as the unique and the most important economic organization with providing the membership to almost 188 countries as present. Basically the organization is destined to help out the member countries in facing and managing the challenges in the contemporary economic world. In this way all the governments which are also members of this organization can rightly take the advantage of the opportunities provided globally. The success and working of this organization is marked by considerable movements of capital.