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10-05-2024
Geography

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Using complete sentences, describe how the International Monetary Fund (IMF) receives funding.
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Answer :

GinnyAnswer GinnyAnswer

10-05-2024

Final answer:

The IMF is funded by wealthy private sector banks and provides short-term loans to countries in economic crisis with attached conditions for financial stability.

Explanation:

The International Monetary Fund (IMF) receives funding primarily from wealthy private sector banks to provide short-term loans to countries in economic crisis. These loans are smaller than those from the World Bank and are meant to maintain stability during financial turmoil. However, countries receiving IMF loans must agree to structural adjustment programs as conditions.

Learn more about IMF funding sources here:

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