BUS357 Week 3 Discussion 2:

Provide a brief summary of the IMF, including its purpose, Special Drawing Rights (SDR), and the Jamaica agreement as well as any other pertinent information. Report back to the class on what information you gathered from these two IMF sources. According to the information you reviewed on the IMF pages, what is your view on the current global monetary state.

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According to the article How we do it, “The IMF provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty” (IMF). The IMF is tasked with securing financial stability, promoting economic growth and generally facilitating international trade (Viterbo, 2019). The organization as such focuses on poverty eradication globally. The Special Drawing Rights was introduced by the IMF after the closing down of the Bretton Wood System in 1978.This was used as an asset by member’s countries in supplementing their national reserves (Moosa & Moosa, 2019). The Jamaica accord led to the end of the

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