Global Economics Db 3

Running Head : International Monetary FundInternational Monetary Fund[Name][School]In uncomplete fulfillment of the requirements for [subject][Professor][Date]ABSTRACTIMF or International Monetary Fund has distinguishable goals that would help in the training of the development nations all all over the world . In the year 2000 at the United Nations Millenium point , the leaders had identified eight particular and measurable development goals that the summit would want to achieve in the year 2015 . fit in to the make-up from the IMF website , the first seven goals is to focus on beggary and hunger and the last goal aims to create a orbicular partnership to develop aid , trade and debt relief . The antithetic goals that the IMF had formulated are all goals that target the cause of problems in developing countries which is poverty and hunger . It is good that the IMF exists because the developing countries do non have any means to support their consume countries without any outside monetary helpAlthough the IMF s Goal is to support developing countries , there have been controversies surrounding its IMF austerity programs . agree to the report from Malpass in his article in the Wall Street ledger last August 2001 , the programs had shown that valuate rates have oftentimes effect on the economic growth rate . The imitate of the IMF shows that the higher the tax rate , it is then presumed that the fiscal accounts would advance and the entertain rates would go lower . However , this is not the case with Argentina . The estate had been guided by the brass section , however , the country had suffered through the years of tax increases and cutting taxes The theory of fiscal account improvement and lowering of tax rate did not happen . Moreover , the country had begun its expedition in the road of collapsing economy .

Another controversy is that the IMF is large(p) advice to the US regarding the management of its fundsThe IMF had its own successes and failures in its lifetime . atomic number 31 can be considered as one of the success stories of IMF . harmonise to the report of Odling-Smee of IMF Washington , Georgia had raised its revenues from 1993 to 1998 . The increase in revenues had become a key to the stabilization of the country from the hyper rarified situation in the year 1994 to less than 10 per annum puffiness in 1998 . Another success story of IMF is Turkey . According to a report in the website Turks .us the country had shown a vast improvement in inflation rates and drops in its interest rates because of the programs that had been set in placed in the country . However , IMF s failure include Argentina which had been discussed earlier in the controversies of the programs of IMF . Another country that can be stated as a failure is Russia . Russia is considered as the largest borrower . According to BBC Online .com , the amount that Russia had borrowed in the IMF is relatively large and that reforms are not felt by the economy of the country...If you want to get a full essay, ready it on our website: Ordercustompaper.com

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