one of the functions of of the international Monetary Fund (IMF) is to

  • A devalue the currency of member state
  • B reduce drastically the size of deficit financing of member states
  • C giving financial assistance to member states that have temporary balance of payment difficulties
  • D discourage the rapid industrialization process in the less developed nation of the world
waec 2006economics

The correct answer is C. giving financial assistance to member states that have temporary balance of payment difficulties

The IMF provides loans to member countries experiencing balance of payment problems to help prevent economic crises and stabilize the global economy.

These loans come with policy advice and technical assistance to help countries overcome their economic difficulties.

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