Regarding the International Monetary Fund, which one of the following statements is correct? [2011]

Regarding the International Monetary Fund, which one of the following statements is correct?

It can grant loans to any country.
It can grant loans to only developed countries.
It grants loans to only member countries.
It can grant loans to the central bank of a country.

Explanation

Option (c) is correct

The International Monetary Fund (IMF) provides financial assistance exclusively to its member countries.

Infographic detailing International Monetary Fund (IMF) history, objectives, voting power, financial assistance, and special drawing rights. Features a world map with member countries, timeline from 1944 to 1947, voting power percentages of top countries, descriptions of financial facilities.