Function of imf

 Survey Global Conditions.

It provides the World Economic Outlook, the Global Financial Stability Report, and the Fiscal
Monitor each year. It also delves into regional and country-specific assessments. It uses this
information to determine which countries need to improve their policies.
 Advise Member Countries.
 Provide Technical Assistance and Short-term Loans
The IMF provides loans to help its members tackle balance of payments problems, stabilize their
economies, and restore sustainable growth

https://www.thebalance.com/what-is-the-imf-its-role-and-functions-3306115

 International monetary cooperation.

 Promote exchange rate stability.
 To help deal with balance of payments adjustment
 Help deal with economic crisis by providing international coordination – loans, plus advice.

Role of imf

1. Economic surveillance and monitoring.

2. Loans to countries with a financial crisis

3. Conditional loans/structural adjustment

4. Technical assistance and economic training.

https://www.economicshelp.org/blog/glossary/imf/

The Organisation for European Economic Cooperation (OEEC) was established in 1948 to run the US-
financed Marshall Plan for reconstruction of a continent ravaged by war. By making individual
governments recognise the interdependence of their economies, it paved the way for a new era of
cooperation that was to change the face of Europe. Encouraged by its success and the prospect of
carrying its work forward on a global stage, Canada and the US joined OEEC members in signing the new
OECD Convention on 14 December 1960. The Organisation for Economic Co-operation and Development
(OECD) was officially born on 30 September 1961, when the Convention entered into force.

http://www.oecd.org/about/history/

 Setting global standards and principles of economic and development policies;

 Expanding policies contributing to economic growth, employment, the standard of living and the
development of the economy in non-member countries;
  Accelerating global trade;

 Research in economic and social development, the environment, science and technology,
finance, taxes, global trade, public administration, etc.;

 Statistics, analysis;

 Publishing (about 250 new titles annually).

http://www.mzz.gov.si/en/economic_diplomacy/oecd/oecds_role_mission_and_significance/

Function

 Provides a platform for the governments of member nations to find solutions to universal
problems, organize policies (domestic as well as international) and compare policy experiences.
 Monitors economic trends relating to trade, technology, environment, taxation and agriculture.
It also forecasts economic development. It also conducts in-depth analysis to collect accurate
data and statistics regarding social and economic growth.
 Publishes its economic statistics and other intellectual findings both online and offline.
 Offers peer reviews to member nations about their performance.
 Offers expertise and ideas to over 100 non-member countries for their economic development.

1. MNCs help a developing host country by increasing investment, income and employment in its
economy.

2. They contribute to the rapid process of development of the country through transfer of technology,
finance and Tnodern management.

3. MNCs promote professionalisation management in the companies of the host countries.

4. MNCs help in promoting exports of the host country.

5. MNCs by producing certain required goods in the host country help in reducing its dependence on
imports.

6. MNCs due to their wide network of productive activity equalise the cost of production in the global
market.

7. Entry of MNCs in the host country makes its market more competitive and break the domestic
monopolies.

http://www.preservearticles.com/2012020122383/what-is-the-role-of-mncs-in-developing-
countries.html

The European Union (EU) was created by the Maastricht Treaty on November 1st 1993. It is a political
and economic union between European countries which makes its own policies concerning the
members’ economies, societies, laws and to some extent security. To some, the EU is an overblown
bureaucracy which drains money and compromises the power of sovereign states. For others, the EU is
the best way to meet challenges smaller nations might struggle with – such as economic growth or
negotiations with larger nations – and worth surrendering some sovereignty to achieve.