Economics WAEC

Which of the following international organizations is concerned with the stabilization of the balance of payments? the

A. International Monetary Fund (IMF)
B. World Bank (IBRD)
C. United Nations Organization (UNO)
D. Economic Commission for Africa (ECA)

Correct Answer: Option A

A. International Monetary Fund (IMF)

Explanation

Balance of payments policies: The policies include devaluation, demand management, and controls of various types, all of which have frequently featured in International Monetary Fund (IMF) programmes, either in terms of their encouragement or discouragement.

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