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 Form 4 Business studies lessons and notes on international trade

Benefits of being a member of international monetary fund.

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Answer Text:
Benefits of being a member of IMF.
- A country get short-term loans to correct balance of payments deficits.
- Get access to advice on financial issues to improve the economy.
- Gets technical support terms of personnel for improvement of the economy
- Gets co-operation in international monetary issues.
- Gets opportunities in international forums by IMF for discussing monetary and fiscal policy issues.
- May be assisted in training the country’s personnel.


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