Economics · International Financial Institutions
Which of the following options is NOT a primary objective or function of the International Monetary Fund (IMF)?
- 1Helping in the widest extension of multilateral trade and international payments.
- 2Primarily providing long-term loans for the post-war reconstruction and structural development of poor nations.✓
- 3Assisting in the elimination or reduction of existing exchange controls.
- 4Establishment and maintenance of currency convertibility with stable exchange rates among member nations.
Correct answer
Primarily providing long-term loans for the post-war reconstruction and structural development of poor nations.
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