Role of IMF in poverty alleviation Research Paper

Role of IMF in poverty ease - Research Paper ExamplePRGF supported programs were derived from a members PRSP that ensured that the reforms it supported were owned by the county and oriented to realizing economic growth and poverty reduction goals (Vreeland 3). Although it may be too early to follow the new frameworks success in achieving the objectives, it is time to evaluate progress to this day and endanger shortcomings that may need course corrections in the initiatives design 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 construction of international payment system after the Second World War. fraction countries help to contribute funds through a quota system where countries that face payment imbalances can hook on money and other resources. Through the fund, and surveillance of member countries economies and self-correcting policies dema nd, the organization works to recover the economies of member countries. IMF central office is in Washington, D.C. (Jensen 3). The IMF works to promote worlds monetary cooperation and ensures that there is a financial stability, economic 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 fashioning finances available to members in order to meet the needs of the balance of payments (Woods 2).The IMF fosters economic stability and globose 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 chief city markets work imperfectly, and