Business Business Trivia

The International Monetary Fund (IMF) is an organisation under?

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Correct answer

UN

Explanation

The International Monetary Fund is an organisation under the UN, established to ensure free movements of money over the borders. Since 1969, the IMF has been able to offer SDR (Special Drawing Rights) as an international supplementary foreign exchange reserve. IMF offers loans to country (more often than not developing countries) with balance of payments problems. The loans are accompanied by strict demands for structural adjustment programmes.

Statistics

54% correct 269 correct · 226 incorrect

Question added 2008-11-20