Objectives of the International Monetary Fund

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Objectives of the International Monetary Fund

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Introduction

• The International Monetary Fund was established
  in 1945 .
• This was after its after its conception in 1944.
• IMF has 184 member states currently.
• It was intended to promote and maintain monetary
  corporation internationally.
• It enhances exchange stability, orderliness in
  exchange arrangements and economic growth.

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Objectives of IMF

• To achieve international advantages of gold
  standards .
• These are without member countries being
  subjected to their internal disadvantages
• To achieve the internal advantages.
• These are of proper standards and avoiding
  international disadvantages

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These objectives can be explained as follows

• It aims at promoting corporation in international
  monetary policies.
• It facilitate a balanced growth and expansion of
  the international trade
• It promotes stability in exchange and maintain
  orderly arrangements for exchange among members.
• It facilitates the development of multilateral
  payments system.
• It enhances confidence among members

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