Question

Discuss the role of the World Trade Organization (WTO) in the international business?

(400 Words) please write an essay **

Answer 1

International monetary Fund is the international organisation that will be promoting the global economic growth and the financial stability and it will encourage international trade and it will reduce poverty.

The International monetary Fund mission is to promote the global economic growth by supportive funding and they will be e always trying to maintain global economic stability by fostering global monetary cooperation for securing the financial stability and facilitating international trade and they will also look for promoting higher employment and sustainable economic growth so this has been created in 1945 as a part of the bretton woods agreement which attempted to encourage International Financial Corporation by introducing a system of convertible currencies at fixed exchange rate & International monetary Fund always acted as a gatekeeper for various countries who were not eligible for the membership in the International Bank for reconstruction and development.

International monetary Fund primary method for achieving various goals of monetary capability building and lending are focused upon systems in which the International monetary Fund will be collecting massive amount of data on the national economies and international trade and they will be trying to help in capacity building by providing technical assistance and training as well as policy advisor to member countries along with the capacity building program so this program will be including trading in data collection and analysis which field into the international monetary policy find project of monitoring International and global economies

The primary role of International monetary Fund is to lend to various countries and they will be making loans to countries that are experiencing economic distress to prevent or mitigate the financial crisis and they will be also so encouraging their members to contribute to the funds for the lending to a pool which is based on the quota system and there will be trying to loan after various condition have been made and these will be making reforms on increasing the growth potential and increasing the financial stability so International monetary Fund will be looking for structural adjustment programme and they will be trying to enhance the global economy by providing supportive role in form of loans and they are always trying to foster adequate economy growth and equitable access to funding.