Provision of short-term loans to solve balance ... - WAEC Economics 2014 Question
Provision of short-term loans to solve balance of payments problems is done by the
A
International Finance Corporation
B
International Monetary Fund
C
Iternational Bank for Reconstruction and Development
D
African Development Bank
correct option: b
It strives to ensure the international monetary system's stability. The IMF functions in three main areas: overseeing the economies of member countries, lending to countries with balance of payments issues and offering technical assistance to its member countries.
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