What is the IMF's role in supporting economic reforms and innovation?

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What is the IMF's role in supporting economic reforms and innovation?

The IMF's role in supporting economic reforms and innovation is to provide financial assistance, policy advice, and technical expertise to member countries. It helps countries implement necessary reforms to stabilize their economies, promote sustainable growth, and address economic imbalances. The IMF also encourages innovation by promoting policies that foster productivity, competitiveness, and diversification. Additionally, it provides capacity development programs to help countries build institutional and human capacity for effective economic management and policymaking.