Economics · International Organizations
Which of the following statements about the International Monetary Fund (IMF) is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The IMF is primarily a long-term development lending agency like the World Bank.
- 2The IMF monitors global financial stability and provides balance-of-payments support.✓
- 3India is not a foundational member of the IMF.
- 4The IMF was established in 1945 with its headquarters in Geneva.
Correct answer
The IMF monitors global financial stability and provides balance-of-payments support.
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