119k views
3 votes
In contrast to the world bank's funding of projects, what is the role of the IMF?

1) Providing loans to countries in need
2) Promoting global economic stability
3) Supporting development projects
4) Regulating international trade

1 Answer

4 votes

Final answer:

The IMF's role includes promoting global economic stability, providing loans to countries in need, and supporting development projects.

Step-by-step explanation:

The role of the IMF is to promote global economic stability, provide loans to countries in need, and support development projects. Unlike the World Bank, the IMF focuses on monetary stability and economic planning. It offers loans to countries facing financial difficulties, but these loans often come with conditions such as adopting fiscal plans and privatizing public services. t is important to note that the IMF's involvement often comes with conditionality, requiring adopting economic policies that may include privatization and debt repayment. IMF support is not only financial but often carries substantial influence in shaping the economic policies of member nations facing economic crises.

User Peter Jerald
by
7.8k points