The International Monetary Fund (IMF) is an organization established in Breton Woods to oversee international financial affairs. It aims to promote cooperation and stabilize the monetary system by providing resources and assistance. It is made up of lender and borrower members, and the United States provides nearly 18% of the pool's financing. The IMF also works with other international organizations to promote economic growth and help nations rebuild after economic crises. In recent years, many European countries have faced economic recession and increasingly high unemployment rates. Greece, for example, has been in recession since 2008 and its economy has not improved since then. Greece faces many difficult challenges due to high-interest loans and budget cuts. Even with IMF loans, Greece is still struggling with its debts and an unstable future. Even before adopting the euro, Greece had been spending above its average, which depleted its budget. As a result, its currency fluctuated after joining the Eurozone. This has led to high unemployment, poor living conditions and low wages. Greece has to borrow so much that it has reached the maximum limit required by its creditors. Its debt is too high for Greece to repay at this point. The Greek government had to ask the IMF for help to help recover its economy. Even with the additional loans, Greece still struggles to make ends meet. The International Monetary Fund and the European Central Bank have extended more loans to Greece to help it rebuild its economy. Greece received around 130 billion euros to bail out the government from private creditors, but it is clearly not enough to repay the amount owed plus interest. Greek lo......middle of paper......ges, and raise taxes. These adjacent structural policies prevent poor countries from developing a strong domestic economy. The IMF only satisfies the needs of rich countries because it gives the power to make decisions to large shareholders such as the United States and Germany. This means that rich countries can exploit and control poor countries by opening the economy to private sectors and investors. Greece is still dealing with the financial crisis even with the help it receives from the IMF. Greece struggles to meet IMF requirements to receive more money, which in turn cripples its economy even more. With budget cuts, low wages and high taxes, the Greek economy has not improved since the start of the recession. Whether or not the IMF has good intentions to help Greece get back on its feet, Greece continues to make difficult decisions to rebuild its fragile economy..