Question
The function of IMF includes: (i) Granting
reconstruction loans to the war-devastated country (ii) Provides financial assistance to the member nations (iii) Drafting and reviewing economic and financial legislation (iv) Institution and capacity building Which of the above statements is TRUE?Solution
The function of IMF includes: Provides financial assistance to the member nations, Drafting and reviewing economic and financial legislation, Institution and capacity building while loan for reconstruction to war devastated country is provided by World Bank.
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