Question

What does the International Monetary Fund (IMF) seek to accomplish for developing countries?

The IMF establishes industries and technologies in developing countries.
The IMF helps a developing country’s citizens establish bank accounts.
The IMF gives college aid to qualified individuals in developing countries.
The IMF provides economic advice and loans to developing countries.

Answer 1

The correct choice is the fourth one, The IMF provides economic advice and loans to developing countries.

The International Monetary Fund (IMF), formed in 1945 initially with 29 member countries with the goal of reconstructing the international payment system, is an international organization headquartered in Washington, D.C., consisting of 189 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 represents one of many international organizations that deal only with macroeconomic issues. Regarding developing countries, a term used to refer a country with a less developed industrial base and a low Human Development Index in comparison with other countries, its core areas of concern are very narrow, and they focus on advising poor countries on how to break out of poverty as well as provide them loans.

Answer 2

The answer is:

The IMF provides economic advice and loans to developing countries.

The International Monetary Fund is an global institution composed of 189 countries which attempts to promote financial partnership, commerce, employment and continuous profitable development. As regards developing countries, the organization supervises the economic policies of its members as well as provide assistance for them to decrease bankruptcy and accomplish fiscal balance.