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S monetary growth to finance fiscal expenditures

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Unformatted text preview: Loss of confidence in dollar and the termination of the dollar's convertibility into gold. System forced other counties to "import" inflation from U.S. Growth in IMF membership Current Membership: 184 countries IMF's main responsibilities: promoting international monetary cooperation facilitating the expansion and balanced growth of international trade promoting exchange stability IMF's main responsibilities: (cont'd) assisting in the establishment of a multilateral system of payments making its resources available (under adequate safeguards) to members experiencing balance of payments difficulties Functions of IMF Surveillance: is the regular dialogue and policy advice that the IMF offers to each of its members. Technical assistance: to help member countries strengthen their capacity to design and implement effective policies. Financial assistance: is available to give member countries the breathing room they need to correct balance of payments problems. Technical Assistance Financial Assistance Instruments of IMF lending StandBy Arrangements: Extended Fund Facility:...
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