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Amid discussions in 🇱🇧 abt the role of the IMF, latest tonight on #عشرين_30, expectations that the fund will immediately disburse 💰 and magically fix our issues abound. Let’s review the way the fund works, its tools/timelines & most importantly, how to approach an IMF program
A/ How does it work?
The #IMF lends countries that are implementing financial & economic policy changes to stabilize their economy & grow again. Instead of having to take extreme and harsh corrective measures, the fund enables it to fix its issues in a more composed manner.
The #IMF lends countries that are implementing financial & economic policy changes to stabilize their economy & grow again. Instead of having to take extreme and harsh corrective measures, the fund enables it to fix its issues in a more composed manner.
This financing is usually staggered in tranches corresponding to a set of corrective actions that need to be effected by the government and verified by the fund. The IMF’s ultimate goal, beyond assisting member countries, is to get its loan repaid in full and on time.
