Which of the following organizations aims at providing relief for countries facing adverse balance of payment?
Answer Details
The organization that aims at providing relief for countries facing adverse balance of payment is the IMF (International Monetary Fund).
Adverse balance of payment means that a country is spending more money on imports than it is earning from exports. This can lead to economic problems such as inflation, unemployment, and debt.
The IMF provides loans to member countries that are facing these kinds of problems. These loans can help these countries stabilize their economy by providing them with the resources they need to pay off their debts and support their currency. The IMF also provides economic advice and technical assistance to its member countries.
In summary, the IMF is an international organization that helps countries facing economic difficulties due to adverse balance of payments by providing them with financial support and economic guidance.