The correct answer is letter D. providing loans to countries in need of financial assistance. The IMF does help reduce poverty worldwide.

The IMF oversees the international monetary system and monitors the financial and economic policies of its members. It keeps track of economic developments on a national, regional, and global basis, consulting regularly with member countries and providing them with macroeconomic and financial policy advice.

The IMF helps member countries facing economic crisis by offering loans, technical assistance, and surveillance of economic policies. Money to fund the IMF’s activities comes from member countries that pay a quota based on the size of each country’s economy and its importance in world trade and finance.

The IMF assists member nations in several different capacities.

• Provides Loans to Member Nations. Its most important function is its ability to provide loans to member nations in need of a bailout.
• Fills Deficit Gaps.
• Technical Support and Assistance.
• Too Much or Too Little Intervention.

The IMF and the WTO are the two international organizations that would help the developing countries in improving their trade.

The IMF’s largest member is the United States, with a quota (as of April 30, 2016) of SDR 83 billion (about $118 billion), and the smallest member is Tuvalu, with a quota of SDR 2.5 million (about $3.5 million).

It gets its money from borrowing on international capital markets. The 188 countries that are members of the World Bank each declare a certain amount of money that they are willing to pay into the Bank.

The main difference between the International Monetary Fund (IMF) and the World Bank lies in their respective purposes and functions. The IMF oversees the stability of the world’s monetary system, while the World Bank’s goal is to reduce poverty by offering assistance to middle-income and low-income countries.

The World Bank is an international organization that offers developmental assistance to middle-income and low-income countries. Founded in 1944, the World Back has 189 member nations and aims to reduce poverty in the developing world.

Quotas. Quotas are the IMF’s main source of financing. Each member of the IMF is assigned a quota, based broadly on its relative position in the world economy. The IMF regularly conducts general reviews of quotas to assess the adequacy of overall quotas and their distribution among members.

14 The seven countries (out of a total of 196 countries) that are not IMF members are Cuba, East Timor, North Korea, Liechtenstein, Monaco, Taiwan, and Vatican City.

Andorra

China is a founding member of the IMF, but the Taiwan authorities occupied China’s legal seat since the founding of new China. China regained its legal seat on 17 April 1980 and has since attended every Annual Meeting. China’s quota in the IMF is 3.3852 billion SDRs, or 2.34% of the total.

RUSSIA’S formal admission as a member into the IMF on June 1, 1992 is yet another landmark in current history after the disintegration of the former Soviet Union (FSU). Prior to that in April 1992 Russia became a member of European Bank for Reconstruction and Development (EBRD).

The Islamic Republic of Iran and the International Monetary Fund have been in partnership since 1945. The Islamic Republic of Iran has gone to the IMF on only two occasions, both before the 1979 revolution of Iran.

Long-term debt