role of the imf?

Question

what is the role of the imf in assisting developing countries with their financial crises

Answer 1

The role of the IMF generally is to avert another collapse of the world economy similar to the Great Depression of the 1930s.
With respect to developing countries it provides loans to developing countries to assist them in developing their economies and in particular their export sectors. The goal is to assist the developing country to improve its foreign exchange earnings from trade. The IMF's philosophy is based on free trade and classical economic thinking. The IMF imposes certain conditions of lending so that it can be satisfied that the loans will meet the goal. These conditions are called "conditionalities". Many of these conditionalities encourage governments to reduce government spending and improve overall economic efficiency in their country.

Answer 2

World Peace!!

*TWIST*