Which of the following international organizations is concerned with the stabilization of the balance of payments? the
Answer Details
The International Monetary Fund (IMF) is concerned with the stabilization of the balance of payments.
The balance of payments is a record of all transactions between the residents of a country and the rest of the world over a given period of time, usually a year. It includes transactions in goods, services, and capital, and measures the net flow of funds into or out of a country.
When a country has a deficit in its balance of payments, it means that it is importing more than it is exporting and is therefore spending more foreign currency than it is earning. This can lead to a shortage of foreign currency reserves, which can in turn lead to a devaluation of the country's currency and other economic problems.
The IMF was established in 1944 to promote international monetary cooperation, facilitate international trade, and promote economic growth and stability. One of the key functions of the IMF is to provide financial assistance to member countries that are experiencing balance of payments difficulties. The IMF provides loans to these countries on the condition that they implement certain economic policies aimed at restoring their balance of payments and achieving economic stability. The IMF also provides technical assistance and policy advice to member countries on a wide range of economic issues.