Question 10GS2GS2
विकाशशील देशों के विकास में अंतर्राष्ट्रीय बुद्ध कोप की भूमिका पर चर्चा कीजिए। इसके दृष्टिकोण से जुड़ी प्रमुख आलोचनाएं क्या हैं? (उत्तर 150 शब्दों में दीजिए) (Discuss role of the International Monetary Fund (IMF) in the development of developing countries. What are the key criticisms associated with its approach? (Answer in 150 words)
Main Body
IMF acts as multilateral development Bank, key pillar of Bretton woods system to ensure balance of payment stability and stable monetary at global level.
Role of IMF in development of developing country:
1Helped in saving from economic crisis → India's era story owe to IMF agenda
2Sustainable debt management strategy (ex) 80% of s92 trillion debt - hardly developing country
3Help in policy making and economic planning assistance to economic crisis (ex) $4 billion package to srilanka
4Balance of payment stability (post covid-19 pandemic → IMF eased lending process)
Criticism of IMF:
1Na Stiglitz-IMF → misgovernance and anti-developing country since
2Under-representation of developing country and over-representation of advanced country (G4 country 50% of voting)
3Conditionality → put threat to economic sovereignty
4IMF package to pakistan during operation sindoos → against terror activ.
5Anti-governance of IMF
Although IMF acted as instituting body to govern balance of payment structure and monetary stability, but scarcely lice joseph stiglitz demand grievance returns in IMF.
169 words6 paragraphs
Topper
Vipulbhai Karmanbhai Chaudhary
AIR 1152025
Subject & Paper
GS2GS2
Topic
International Institutions
Important International Institutions
IMF and Development
Writing Stats
169
Total words
6
Paragraphs
analytical
Tone