Global Financing and Exchange Rate Mechanisms Paper Essay

Global Financing and Exchange Rate Mechanisms Paper - Essay Example The most prominent international financial institutions are the IMF, the World Bank, ADB and the WTO. International Monetary Fund (IMF) plays a major role while rebuilding and stabilizing the monetary and pecuniary conditions of its member states. IMF achieves this objective by offering supportive loans while working out counteractive strategies. Apart of it, IMF also supports its defaulter member countries and their funding partners to ease out methodical development for liability streamlining by implementing and taking necessary measures1 (IMF Fact sheet, 2006). Thus, IMF plans to offer financial and monetary services while providing its member states with sufficient opportunities so as to employ regulatory guiding principles and transformation for reinstating environment while guaranteeing to strap and protract economic augmentation and societal venture. These courses of actions show a discrepancy while craving on member's state of affairs together with the source of the monetary related tribulations. Apart from above stated functions of IMF, this monetary institution also supports to develop the obligatory liability r