What is the primary responsibility of the International Monetary Fund?
Understand the Problem
The question is asking for the main role of the International Monetary Fund (IMF) among the provided options. It requires knowledge of the functions and responsibilities of the IMF.
Answer
Ensure the stability of the international monetary system.
The primary responsibility of the International Monetary Fund (IMF) is to ensure the stability of the international monetary system.
Answer for screen readers
The primary responsibility of the International Monetary Fund (IMF) is to ensure the stability of the international monetary system.
More Information
The IMF works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty.
Tips
Some people mistakenly believe the IMF's only role is to provide loans to countries, but its broader responsibility includes maintaining international monetary stability.
Sources
- The IMF at a Glance - IMF - imf.org
- International Monetary Fund - Wikipedia - en.wikipedia.org
