Unlike development banks, the IMF does not lend for specific projects. Instead, the IMF provides financial support to countries hit by crises to create breathing room as they implement policies that restore economic stability and growth. It also provides precautionary financing to help prevent crises. IMF lending is continuously refined to meet countries’ changing needs.
The IMF offers various types of loans that are tailored to countries' different needs and specific circumstances. Loans to low-income countries carry a zero interest rate.
This page was last updated in July 2023