IMF Flashcards
1
Q
what does it oversee?
A
The global financial system
2
Q
What does it offer?
A
Financial and technical assistance to its members
3
Q
Why does it provide loans?
A
To help members tackle balance of payment problems and stability their economies
4
Q
What have they been known to do?
A
Impose severe cuts on education and welfare spending by governments
5
Q
What has it contributed to?(advantage)
A
The enlargement of global trade - created facilities for member countries for financing and adjusting the balance of payment deficits
6
Q
What has it done in recent years?
A
Gave its help to developing countries
7
Q
What has it been found incapable of doing?
A
Being flexible - incapable of making raid changes
8
Q
Interest rates?
A
They are rather high, 6.6%
