Chapter 19: Developing Countries
"The International Monetary Fund"
You have already learned that industrialized nations provide
external funding to the developing countries. This financing
can be direct aid, or it could be indirect aid to international
agencies such as the World Bank or the International Monetary
Fund (IMF). Countries wanting to set up an international system
of fixed exchange rates formed the IMF in 1944. Today, the
IMF offers advice to all nations on monetary and fiscal policies.
It also helps support the currency of some developing nations
with loans so that the countries can compete in an open market.
In this activity, you will learn more about the International
Destination Title: The
International Monetary Fund
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Start at the International Monetary Fund Web site.
- Select the "About the IMF" category.
- Then select the "IMF at a Glance" category.
Print a copy of the page or read the page on screen and
answer the following questions.