The International Monetary Fund (IMF) lists its purposes as follows.

• Promote international monetary cooperation through consultation and collaboration on international monetary problems.

• Facilitate the expansion and balanced growth of international trade.

• Promote exchange stability to maintain orderly exchange arrangements among members and avoid competitive exchange depreciation.

Visit the IMF website (www.imf.org), and list several examples of how the IMF undertakes and accomplishes these goals. What kinds of specific actions has the IMF taken over the past year to address economic or financial crises of various nations? L01