Objectives Of Economic Development

Which are the key strength and the key weakness of the current IMF organisational structure?

Promote international cooperation through a permanent institution which provides
the machinery for consultation and collaboration on international monetary
problems (IMF, 2001, p. 1).
• Facilitate the expansion and balanced growth of international trade, and to
contribute thereby to the promotion and maintenance of high levels of employment
and real income and to the development of the productive resources of all members
as primary objectives of economic policy (IMF, 2001, p. 1).
• Give confidence to members by making the general resources of the Fund
temporarily available to them under adequate safeguards, thus providing them with
opportunity to correct maladjustments in their balance of payments without
resorting to measures destructive of national or international prosperity (IMF,
2001, p. 1).

There is not enough money over there. The crisis will effects many countries at the same time. More important is the theory behide the IMF. To save the crisis economy, it needs austerity,discipline and commitment. Some financial institutions must go. There is no such a word too big too fail. In many cases, they are forced to sell to foreigners by auction. But America and Europe in the latest crisis have done the opposite. Bail-out was a norm. That makes people confused about the role of the IMF.

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