The International Monetary Fund (IMF, full name International Monetary Fund) is a global financial institution established in 1944. The main objectives of the IMF are to promote international monetary cooperation, ensure financial stability, foster international trade, promote economic growth, and reduce global poverty.
The primary functions of the IMF include:
Monitoring the global economy: The IMF monitors the economic performance of its member countries and offers policy recommendations to help maintain global economic stability.
Providing loans: When a country faces an economic crisis or severe balance of payments imbalances, the IMF can offer short-term or medium-term loans to help stabilize the country's economy.
Technical support and training: The IMF provides advice on economic policies, technical assistance, and training to its member countries, helping their governments manage their economies and financial systems.
The IMF has almost all countries in the world as its members, with currently 190 member countries. The organization works closely with international institutions such as the World Bank, dedicated to the stability and development of the global economy.
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The International Monetary Fund (IMF) did indeed offer suggestions for China's real estate market, but it did not explicitly state the need to use $1 trillion to underpin the real estate sector. Instead, the IMF's recommendations mainly focused on the following areas:
Ensuring project completion: Ensuring that unfinished housing projects can be completed and delivered as planned.
Residential loan support: Providing more residential loans to stimulate demand for home purchases.
Stabilizing housing prices: Controlling housing prices through policy measures to prevent rapid declines.Additionally, the IMF has emphasized the acceleration of resolving distressed developers and implementing additional policies to support these measures. Despite reports suggesting that the IMF advised China to use $1 trillion to underpin the real estate sector, this claim has not been substantiated by other sources.
Therefore, based on the available information, the IMF's recommendations focus more on structural reforms and market-oriented approaches rather than directly utilizing a substantial amount of fiscal funds for underpinning.