What is international monetary cooperation and how is it important to international trade today?

Expert Solution

International Monetary Fund is an organization which is working towards nourishment of global monetary cooperation, promotion of international trade,generation of employment, financial stability,reducing poverty all around the world.This is a cooperation of around 189 countries in the world which aims towards helping each other and acheivement of their respective economic objective also.It helps along with its members nation to the developing country to achieve economic stability and reduce poverty.

IMF play indirect role in international trade by facilitating healthy relationship between countries and reducing trade barriers.It promotes exchange stability and orderly payment of balance payments of countries to each other.It works together with World trade organization by financing to it as and when required.It helps in expansion and balanced growth of international trade among the various countries.

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