Functions of IMF

The functions of funds are as follows:

Establishment of Par value:
Every country determines the par value of the currency in terms of dollars or gold. IMF can alter those parties, when required to preserve the International equilibrium.

Assistance to Members:
IMF provided assistance to members in times of financial crisis. This assistance is provided by the way of following schemes:
BCF (Basic Credit Facility)
SAF (Structural Adjustment Facility)
ESAF (Enhanced Structural Adjustment Facility)

Gold management:
IMF also plays a role in managing gold reserves of member countries/

Information services:
IMF also provides information, technical services and policy advice to monetary authorities of member countries.

Cooperation with other institutions:
IMF also maintains contact with other International monetary institutions and helps them in achievement if mutual objectives.