Question
What are the broad objectives of IMF ? What are its principal functions ? How does it help the member countries in solving their Balance of Payments problems ?
Answer :
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The first Article of the Fund's charter laid down six objectives for the organization. These i) ii) v) to promote international COOE*ration by providing the machinery for consultation and collatxjration by members on international monetary issues. to facilitate the balanced growth of international trade and through this, contribute to high levels Of employment and real income and the development Of Ve capacity. to promote exchange stability
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