Thursday, April 4, 2013

What do you think about the goal of the IMF's aid to distressed countries?

What do you think about the conclusion of the IMF?s abet to maladjusted countries?The general idea of the IMF to aid financially distressed countries can be viewed as a good intimacy by some and bad thing by others. My reasonable opinion is that the IMF has aided many countries with their three types of assistance which is surveillance, lends and good assistance (Taylor, 2007). The surveillance portion of IMF is the part where research is through on how the assistance will actually protagonist or hurt the country within question that needs financial support. The IMF lends funds to countries that are unable to locate reasonable financial support that can meet an understandable set of international payments. The net type of assistance the IMF offers is technical assistance in such(prenominal) areas as: macroeconomic policy, tax policy and revenue administration, wasting disease management, monetary policy, the exchange rate system, financial sector sustainability, and macroeconomic and financial statistics (IMF, n.d.).?These types of assistance lead to an overwhelming supportive natural action by many countries. I believe the overall goal of the IMF is not solicit the idea of socialization but to jock facilitate countries in need by giving them familiarity and financial support in order to better brook for their own economy.

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I am in favor of the IMF and its final goals as long as the countries are willing to help themselves in the end and not just take the fond(p) loan and not learn how to better the current dry land of emergency they are experiencing.

What has been the controversy surrounding the IMF austerity programs?The main(prenominal) controversy surrounding the IMF austerity program is that it in not geared towards each borrower?s situation as it is a generalized way of lending a hand without targeting the acme issue for that country. This program is used in...

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