International Monetary Fund (IMF)

Although the International Monetary Fund, in its outward form, is not a lending agency which finances economic development, it plays an important role in the economic development of the underdeveloped countries. It would be a mistake — a mistake which most of the authors who studied the problem of financing the economic development of underdeveloped countries have made — not to emphasize the role and the function of the Fund in this field which has not been much publicized.