The IMF operates as a UN specialized agency with 191 members, acting as a lender of last resort during balance of payments crises. This role places it at the center... Read more
Tag: 1991 IMF Crisis
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In 1991, India faced a balance-of-payments crisis that prompted a $2.2 billion IMF bailout. This article reveals how the subsequent reforms reshaped the economy, propelling India to become the world's fifth... Read more
