The correct answer is C. To finance productive efforts according to peace-time requirement.
The International Monetary Fund (IMF) is an international organization that was founded in 1945 to promote international monetary cooperation, exchange stability, and orderly exchange arrangements. It also provides temporary financial assistance to countries to help them overcome balance of payments problems.
The IMF’s objectives are set out in its Articles of Agreement. These objectives include:
- To promote international monetary cooperation
- To facilitate the expansion and balanced growth of international trade
- To promote exchange stability
- To assist in the establishment of a multilateral system of payments
- To make its general resources temporarily available to countries experiencing balance of payments difficulties
- To promote international monetary stability and thereby contribute to the development of the world economy
Option A is an objective of the IMF. The IMF promotes international monetary cooperation by providing a forum for countries to discuss and coordinate their economic policies. It also provides technical assistance to countries to help them improve their economic management.
Option B is an objective of the IMF. The IMF helps to ensure balanced international trade by providing loans to countries that are experiencing balance of payments difficulties. This helps to prevent countries from devaluing their currencies in order to boost exports, which can lead to trade wars.
Option C is not an objective of the IMF. The IMF does not provide financial assistance to countries for productive efforts according to peace-time requirements. Instead, it provides financial assistance to countries that are experiencing balance of payments difficulties.
Option D is an objective of the IMF. The IMF helps to ensure exchange rate stability by providing loans to countries that are experiencing balance of payments difficulties. This helps to prevent countries from devaluing their currencies in order to boost exports, which can lead to trade wars.