Answer the question in maximum 15 to 20 words. This question carries 03 marks. [MPPSC 2022]
What is the primary function of the International Monetary Fund?
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The primary function of the International Monetary Fund (IMF) is to promote global economic stability and growth. It provides financial assistance to countries facing balance of payments problems, helping them stabilize their economies. The IMF also offers policy advice and technical assistance to member countries to enhance their economic management and promote sustainable development. By monitoring global economic trends and providing a platform for dialogue among member nations, the IMF aims to prevent financial crises and foster international cooperation. Ultimately, its goal is to ensure a stable and secure global financial system, benefiting all member countries.