IMF allocates $17.86 billion to India under SDR
Discuss the objectives of the International Monetary Fund (IMF). Has the IMF been able to deliver? (150 Words)
Approach:
- Introduce by describing the origin of IMF from the Bretton woods conference. Add few facts on its headquarters and number of member countries.
- Elaborate on various objectives of IMF (like ensuring global macroeconomic stability, capacity development of member countries, SDR, etc.)
- Discuss the role of IMF has played till now.
- Use the example of India taking IMF’s help in 1991
- Highlight major issues with the functioning of IMF
- Way Forward / Conclusion
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