Answer :
Answer:
IMF's basic objective is to ensure the stability of the international monetary system. It does so in three ways, first: keeping track of the global economy and the economies of member countries, second; lending to countries with balance of payments difficulties and third; giving practical help to members. Africa is a recipient of IMF's various programs to achieve its monetary stability, poverty reduction, macro economic, financial health and economic growth.
Explanation:
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The general goal of the IMF when dealing with African nations is that they "promote privatization and economic development."
IMF, which stands for International Monetary Fund, generally seeks to help nations to aid international trade and develop financial strength and economic growth.
Given that many African nations are underdeveloped, the goal of IMF is to lift them from abject poverty and help them achieve economic development.
Other main goals of IMF in African nations include the following:
supervising economic advancement, lending, and capacity growth, etc.
Hence, in this case, it is concluded that IMF goals are to help different nations achieve economic growth and stability, including African nations.
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