IMF in Greece. Good or bad for the country? Why? Solution IMF is international monetary fund.It was established with the motive of promoting international monetary cooperation.It is good because: 1. It helps in abolishing the exchange restrictions among member nations. 2. It helps in maintaining balanced economic development of the member nations by poviding them monetary help. 3. It helps the member countries in making investment in profitable projects. 4. It offers monetary help to member countries in correcting the disequilibrium of balance of payment. IMF is bad because: 1. it is a club of rich countries only. it discriminate between rich and poor memebers. 2. it do not provides loan for developmental projects. it only gives loans for maintaining the favourable balance of payment. 3. it interferes in the domestic economies of member countries. while providing loan to member counties IMF put many restrictions. 4. IMF tried to maintain stability in price of gold but failed in achieving this aim. .

1. IMF in Greece. Good or bad for the country? Why?
Solution
IMF is international monetary fund.It was established with the motive of promoting international
monetary cooperation.It is good because:
1. It helps in abolishing the exchange restrictions among member nations.
2. It helps in maintaining balanced economic development of the member nations by poviding
them monetary help.
3. It helps the member countries in making investment in profitable projects.
4. It offers monetary help to member countries in correcting the disequilibrium of balance of
payment.
IMF is bad because:
1. it is a club of rich countries only. it discriminate between rich and poor memebers.
2. it do not provides loan for developmental projects. it only gives loans for maintaining the
favourable balance of payment.
3. it interferes in the domestic economies of member countries. while providing loan to member
counties IMF put many restrictions.
4. IMF tried to maintain stability in price of gold but failed in achieving this aim.