FUNCTIONS:
The IMF performs the following functions:
1. MULTILATERAL PAYMENT SYSTEM:
To establish multilateral payment system among its member countries to facilitates free trade and eliminate foreign exchange restrictions.
2. EXCHANGE
RATES:It helps its member to maintain exchange rates stability among themselves.
3. INTERIM RELIEF:
It provides interim relief to the member for improving their balance of payment.
4. BUYING & SELLING OF GOLD:
The Fund buys and sells gold under certain circumstances. It also controls and monitors buying and selling or movement of gold among the members.
5. EXPERT SERVICES:
It prepares feasibility reports on large projects for its members. It provides technical and managerial information and offers its expert services on them.
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