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Practice Reading: Fill in the Blanks (Dropdown) ID: #37424 IMF
Instructions
The  International  Monetary  Fund  (IMF),  headquartered  in  Washington,  DC,  is    of  189  member  countries.  The  IMF  works  to  foster  global  growth  and  economic  stability  by  providing  policy,  advice,  and  financing  to  its  members.  It  also  works  with  developing  nations  to  help  them  reduce  poverty  and  achieve  macroeconomic  .  It  now  plays  a  central  role  in  the  management  of  balance-of-payments  difficulties  and  international  financial  crises.  When  the  IMF  was  founded,  its  primary  functions  were  to  provide  short-term  capital  to    the  balance  of  payments  and  to  oversee  fixed-exchange-rate  arrangements  between  countries,  thus  helping  national  governments  manage  their  exchange  rates  and  prioritize  economic  growth.  This    was  meant  to  prevent  the  spread  of  international  economic  crises.  The  IMF  mission  changed  slightly  after  1971,  and  floating  currency  exchange  rates  made  it  harder  to  predict  the  economic  stability  of  a  region.  Today  the  IMF  plays  an  active  role  in    and  managing  economic  policy  around  the  world.

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