The IMF and its Negative Effects on the world economy

The IMF’s Role
The International Monetary Fund is a specialized agency of the United Nations system that was set up by treaty in 1945 to help promote the health of the world economy. It is headquartered in Washington, D.C., and is governed by its 184 member countries.
The IMF is the central institution of the international monetary system (the system of international payments and exchange rates among national currencies that enables business to take place between countries).
The Fund aims to prevent crises in the international monetary system by encouraging countries to accept stable economic policies. It is also a fund that can be tapped by members needing temporary financing to address balance of payments problems.
The IMF's legal purposes include promoting the balanced expansion of world trade, the stability of exchange rates, the avoidance of competitive currency devaluations, and the orderly correction of a country's balance of payments problems.
To provide assistanc...