Role of IMF in poverty alleviation Research Paper

Role of IMF in poverty alleviation - Research Paper ExamplePRGF support programs were derived from a members PRSP that ensured that the reforms it supported were owned by the county and oriented to realizing scotch growth and poverty reduction goals (Vreeland 3). Although it may be too early to appraise the new frameworks success in achieving the objectives, it is time to evaluate progress to this day and discover shortcomings that may need course corrections in the initiatives intention and implementation.The IMF was initiated at the Bretton Woods Conference in 1944 and created by 29 countries in 1945. The international organizations main objective was to help in the social system of international wages system after the Second World War. Member countries help to contribute funds through a quota system where countries that face payment imbalances can borrow money and other resources. Through the fund, and surveillance of member countries economies and self-correcting policies dem and, the organization works to recover the economies of member countries. IMF headquarters is in Washington, D.C. (Jensen 3). The IMF works to advertise worlds monetary cooperation and ensures that there is a financial stability, aid international trade, assists in employment issues and economic growth to alleviate poverty in the world. The IMF objectives are in the Articles of Agreement they are promoting international economic co-operation, employment, international trade, and the stability of the exchange rate by making finances available to members in order to meet the needs of the balance of payments (Woods 2).The IMF fosters economic stability and global growth. The organization offers advice to policy matters and financial support to member countries that are in economic difficulties. IMF works together with developing countries to help them achieve economic stability and poverty reduction. The justification for this support is that international capital markets work imperfe ctly, and