Gita Gopinath From scoring 45% in Class 7 to becoming IMF No 2 – Hindustan Times
Gita Gopinath: From scoring 45% in Class 7 to becoming IMF No 2 Hindustan Times
The International Monetary Fund (IMF) is an international organization of 187 countries that have agreed to lend money to each other. Countries that are not members of the IMF, but are of the G20 group, can also borrow money from it.
The IMF was formed in 1944 with the goal of reconstructing the economies after World War II. The main purpose for being founded was to provide stability in exchange rates, provide loans to member countries with balance-of-payments problems, and oversee global economic policy coordination between members so they don’t get competitive devaluation of their currencies.
It has been criticized from time to time from its founding onwards for being a high-interest lender that keeps loan recipients on a rather tight leash and often imposes harsh conditions on them.
The International Monetary Fund (IMF) is an international organization that offers loans to countries with balance of payments problems. The IMF also advises those countries on what sort of economic policy they should follow.
Inflation occurs when the prices of goods and services increase for a period of time, usually a year or more. Increasing inflation usually leads to a rise in interest rates which can lead to a recessionary cycle.
Some countries criticize the IMF as it is seen as an imperialist institution.
International Monetary Fund is a United Nations specialized agency that was established in 1945 with the goal of promoting international economic cooperation.
The International Monetary Fund (IMF) is a United Nations specialized agency with 188 member countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, and promote high employment and sustainable economic growth.
Also please check “Facts about Inflation“
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