CSEET · Economic and Business Environment · Global Environment
Which of the following is the primary mandate of the International Monetary Fund (IMF)?
The IMF's primary mandate is to promote international monetary cooperation and financial stability, and to provide temporary financial support to member countries facing balance of payments problems. Long-term development lending belongs to the World Bank, while trade disputes fall under the WTO.
- APromoting international monetary cooperation and financial stability, including support for countries facing balance of payments problemsCorrect
- BFinancing long-term infrastructure projects through concessional loans in developing countries
- CSettling commercial disputes between member countries over tariffs
- DSetting uniform import duties for all member countries
Explanation
The IMF works to secure global monetary cooperation, exchange rate stability and balanced trade growth, and lends to members with balance of payments difficulties. Long-term development financing is the World Bank's role, and trade disputes are handled by the WTO.
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