The IMF encourages such countries to restructure their economies to create better economic conditions and better balance of payment conditions.
Having many side of systems of payment
They can't. The IMF is not a bank and has no jurisdiction in the conduct of normal monetary transactions.
advantages of balance of payment
advantages of balance of payment
The IMF aims at helping its memebere to overcome their balance of payments problems of temporary nature.It sells those currencies to the member countries whi
India's balance of payment since 1991
International Balance of Payments
The IMF endeavors to stabilize the international monetary system by temporarily lending resources in the form of foreign currencies and gold to countries experiencing international payment difficulties.
International Money Fund's primary purpose is to ensure the stability of the international monetary system, the system of exchange rates and international payments that enables countries and their citizens to transact with each other. Since 2012, this includes all macroeconomic and financial sector issues that bear on global stability.
A due payment which has NOT been paid!
Balance of payment is the difference between the money coming into the country and the money leaving the same country.