VA

Vaibhavi AgrawalAIR 35· 2024

Question 9GS2GS2

What are the key areas of reform if the International Monetary Fund (IMF) has to align with the current economic realities? (Answer in 150 words)

Open scan (p.22)

Main Body

The International Monetary Fund was created in 1990, to ensure a sound economic and policies throughout the world and finance countries. Key areas of reform of IMF are as follows: a Ensuring an equal footing or lead developed countries gets equal say in it. b Investigatory in role to take account of any money laundering, terror financing. c Financing to poor and developing countries without compromising their sovereignty and their internal policies. d Increasing in surveillance respects dirty to overlook any distress in market and any future case possibility of recession or economic down. e Taking decision based on consensus values their working on direction of powerful nations. f Ensuring that countries are not forced to take local leading to in eur debt trap. With the economy is changing with changing forms, IMF needs to change to ensure global economy function smoothly.

142 words1 paragraphs

Conclusion

With the economy changing with changing forms, IMF needs to change to ensure global economy functions smoothly.

17 words

Topper

Vaibhavi Agrawal

AIR 352024

Subject & Paper

GS2GS2

Topic

International Institutions, Agencies and Fora - Structure and Mandate

Important International Institutions

IMF reforms and economic governance

Writing Stats

159

Total words

1

Paragraphs

analytical

Tone