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What is the function of the International Monetary Fund, in the promotion of development?
The International Monetary Fund (IMF) is the central institution of the international monetary system found to encourage international financial stability. Particularly this lends to member countries along with balance of payments problems to:
• Re-establish short run stability and
• Assists long term adjustment and reform policies intend at correcting the underlying problems
The role of the International Monetary Fund is evolving. Provide short run balance of payment and swap rate crisis are caused by underlying problems into the structure of a country, the IMF insists upon Structural Adjustment Programmes (SAPs) like a condition of assist to tackle structural problems into an LDC conditionality.
What are Rostowís policy implications? • LDCs (Less Developed Countries) require aid. The development procedure can stall at the Take Off stage for be short of savings. 15
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Define the macroeconomic stability in market for promoting development. Macroeconomic stability implies that: • Tight fiscal policy that is balanced government budgets and d
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Task 1 Your line manager has asked you what you think the accounting department's role is in relation to the organisation. In your group, discuss the main purpose of accounti
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