Economics · International Institutions
Which of the following statements is correct regarding the primary function of the International Monetary Fund (IMF)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It acts as a primary funding agency for private sector projects globally.
- 2It provides concessionary credits specifically to least developed countries.
- 3It provides short-term financial assistance to correct balance of payments disequilibria.✓
- 4It provides long-term loans for infrastructural development in developing nations.
Correct answer
It provides short-term financial assistance to correct balance of payments disequilibria.
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