An Introduction To The IMF – Coursework Example
Introduction to IMF The IMF is charged with the duty of advising member countries on financial and policies that promote stability. Among the principal objective are to promote full employment and encourage and high living standards (Vreeland, 2003). IMF provides financial aid to support macroeconomic policy programs that correct underlying macroeconomic problems, stability and growth, assist in restoring confidence.
The IMF could assist nations to implement appropriate and sound policies by its key functions of technical assistance, surveillance and lending. Through these three functions, the IMF focuses on macroeconomic policies that are capable of turning to full employment or productive employment and various economic structural changes. In the long run, IMF Policies measures are capable of job guarantees thus be significant in lowering the employment impacts of economic downturns witnessed in many developed countries such as Kenya.
The IMF likewise through its supervisory roles provides alternatives to stimulating demand. Use of various fiscal policies at its disposal stimulates investment (Vreeland, 2003). Investment is a sure ingredient for promoting full employment since it creates more opportunities for citizens. The IMF can assist countries enhance their capacity to scheme and implement unassailable economic policies. This is because IMF provides advice on various issues within their mandate, such as fiscal and monetary policies.
As exemplified in the paper, IMF is charged with various functions that are assist in promoting the attainment of full employment. The IMF is charged with the duty of overseeing the financial and monetary system that stimulate the demand and enhance investment. These mechanisms together combine to promote full employment.
Economic reference film :http://digital.films.com/play/MAJSFD
Top of Form
Vreeland, J. R. (2003). The IMF and economic development. Cambridge [u.a.: Cambridge Univ. Press.
Bottom of Form