Can The IMF Solve Global Economic Problems?
The International Monetary Fund (IMF) was founded in 1944 with a primary mission to watch over the monetary system, guarantee exchange rate stability and eliminate restrictions that prevent or slow trade. This came about because many countries were economically devastated by the Great Depression and World War II. Over the years, the IMF has helped countries move through many different challenging economic situations. The organization is also continuing to evolve and adapt to the ever-changing world economy. We’ll look at the role the IMF has played, as well as economic issues, the levels of influence some countries have over this organization, and its successes and failures. Role in Global Economic Issues For many countries, the IMF has been the organization to turn to during difficult economic times. Over the years this organization has played a key role in helping countries turn around through the use of economic aid. However, this is only one of the many roles that the IMF plays in
