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Question
Which of the following observations about the International Monetary Fund (IMF) is true?
A. With the collapse of the Bretton Woods system, the membership of the IMF has reduced.
B. The IMF has been criticized for granting loans to the governments without enacting any macroeconomic policies.
C. The IMF has refused to lend money to troubled economies experiencing financial crises.
D. The IMF's activities have expanded because periodic financial crises have continued to hit many economies in the post-Bretton Woods era.
E. Under the International Development Association scheme, the IMF offers long-term loans to governments of underdeveloped nations whose credit rating is poor.
Answer
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