The primary purpose of the IMF is to help its 129 member countries with stabilizing their financial situations. It helps members wother economic co-operation, trade, and policy development for sustainable economic growth. When member countries are in economic turmoil, by providing loans. Member countries sometime hate the extent of regulation by IMF.

Your question reminds me of days when I used to work in Washington DC. I used to pass in front of the IMF building daily, before moving to Statesboro.

The primary purpose of the IMF is to help its 129 member countries with stabilizing their financial situations. It helps members wother economic co-operation, trade, and policy development for sustainable economic growth. When member countries are in economic turmoil, by providing loans. Member countries sometime hate the extent of regulation by IMF.

Your question reminds me of days when I used to work in Washington DC. I used to pass in front of the IMF building daily, before moving to Statesboro.

The International Monetary Fund (IMF) is the central institution of the international monetary system - the international payment system and currency exchange rates, which allows commercial transactions between different countries.

The Fund aims to prevent crises in the system by encouraging different countries to adopt sound economic policies and, as its name indicates, a fund that can benefit from its member resources in need of temporary funding to address their balance of payments problems. The IMF's legal objectives include facilitating balanced expansion and growth in international trade, stabilizing exchange rates, avoiding competitive devaluation of currencies, and systematically correcting balance-of-payments imbalances experienced by countries. And to achieve these goals

The role of the IMF is

Monitor economic and financial developments and policies in member countries and at the global level, and provide policy advice to its members based on the experience gained from its inception.

Lending to member countries with problems in their balance of payments, not only to provide them with temporary funding but also to support correction and reform policies aimed at solving their underlying problems.

Provide technical assistance and training in the areas of IFAD experience to member country governments and central banks

https://www.investopedia.com/terms/i/imf.asp

It is not good for countries to have the burdens of heavy loans that affect negatively the economy of their future generations.

It is not about loans , it is all about as stated economic betterment especially for the developing countries !!!

Is it needed - may be for sustainable development else the currencies are not valued outside the country :(

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