International Monetary Fund Task Type: Discussion Board Deliverable Length: 4-5 paragraphs Your cous

International Monetary Fund

Task Type: Discussion Board Deliverable Length: 4-5
paragraphs

Your cousin’s latest interest is The International Monetary
Fund, about which you are now chatting online

The IMF was established by the United Nations in 1944 to
provide loans to countries in financial distress at a relatively low interest
rate Nations having balance-of-payments problems can borrow from the IMF for
short time periods and such loans include economic and financial stipulations
on the debtor nation Typically, such stipulations require that the debtor
nation follow an austerity program that limits government spending, domestic
consumption, and imports

Your cousin wants to know, what do you think about the goal
of the IMF’s aid to distressed countries? What has been the controversy
surrounding the IMF austerity programs? What are examples of the IMF successes
and failures?

In your own words, please po