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To counter covid impact, IMF gives an SDR booster

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What is the role of IMF in world economy? IMF helps nurture global monetary cooperation, secure financial stability, and enable international trade.

It encourages and works towards high employment levels, poverty reduction, and sustainable global economic growth. It encourages policies designed to foster economic stability and reduce susceptibility to economic and financial crisis.

The core function of IMF is to provide financial assistance and loans to member countries experiencing an actual or potential adverse balance of payments situation.

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