POL208Y1 Lecture Notes - Lecture 16: Economic Sanctions, Alfred Von Wurzbach, Government Spending

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Coninue from last lecture imf and world bank: Created at the same ime during world war 2. It has the separate but complementary role in the global economy. To promote stable exchange rates and therefore, promote internaional trade. It is the main task for the imf. The imf is the central bank for central banks. How does it carry out it tasks? (there are 3 ways) Approximately once a year, the imf will send a team of experts to do an in- depth invesigaion. Every so oten, someone from imf will issue reports from other countries. As part of this surveillance efort, the imf also gathers key economic staisics from member states, and publishes them as world economic outlook. It is one of the things the imf does: technical assistance i. Imf will advise member countries of how they might solve the challenges that face them.

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