Provision of short-term loans to solve the balance of payments problems is done by the?

A. International Finance Corporation
B. International Monetary Fund
C. International Bank for Reconstruction and Development
D. African Development Bank

Correct Answer: Option B

B. International Monetary Fund

Explanation

It strives to ensure the international monetary system’s stability. The IMF functions in three main areas: overseeing the economies of member countries, lending to countries with balance of payments issues and offering technical assistance to its member countries.