What is IMF?
The main objective of the International Monetary Fund Committee is to improve the economic state of its Member countries. It plays a key role in furthering global financial stability, reducing poverty, and encouraging economic growth. The funding of the IMF relies on two major sources: quotas and loans. The International Monetary Fund executes its goals through three main methods: surveillance, capacity building, and lending. This committee has the authority to survey the international economic stability and intervene when necessary. It also has the capacity to provide countries with training and technical assistance in its respective fields. In its efforts to reduce poverty in low-income countries, the IMF may also provide temporary financing in the form of loans.