Answer to Question #266054 in Economics for uzmii

Question

What has been the impact of international financial organizations including programs of the IMF

and the World Bank Group on the growth and stability prospects of low- and middle-income

countries?

Answer 1

The IMF and the World Bank Group advise member countries on economic and financial policies that promote stability, reduce vulnerability to crises, and promote sustainable growth and high living standards. It also monitors global economic trends and developments that affect the health of the international monetary and financial system and facilitates dialogue among member states about the regional and global implications of their policies. In addition to these “surveillance activities,” the IMF provides technical assistance to help strengthen the institutional capacity of member countries and provides them with resources to facilitate adjustment in the event of a balance of payments crisis.