What are the Objectives of IMF?



IMF seeks to achieve the following objectives:

(I) To promote international monetary cooperation.

(ii) To facilitate the expansion of international trade.

(iii) To ensure stability to foreign exchange rates.

(iv) To reduce disequilibrium in the international balance of payments of member countries.

(v) To promote capital investment in backward and underdevelopment countries.

(vi) To assist in the establishment of a multinational system of payments in respect of current transactions between the member countries.

(vii) To secure multilateral convertibility (i.e., to convert the currency of any member into the currency of any other member).

(viii) To provide short term monetary help to members during emergency.

(ix) To achieve balanced economic growth and high level of employment in member coun­tries.