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The IMF has maintained its role as an institution primarily focused on economic issues. This has often come in the form of loans to alleviate financial crises. As developing economies around the world struggle with the growing pains on industrialization, they require IMF loans to stabilize their currencies and their economies. In return for these loans, the IMF subjects these economies to a series of conditions, typically involving a move towards free market principles. However, in recent years the IMF has had fewer such crises to deal with. Countries that have generated repeated crises over the years such as Turkey and Argentina have finally been able to stabilize and repay their IMF loans (Swann, 2006). This has left the IMF in a position of decreasing relevance, and decreasing size

With increasing deregulation of global trade and the move towards modernization of dozens of formerly undeveloped economies, the IMF is simply running out of potential customers. In light of the original mandate of the IMF, the need for some of those mandates has diminished. Currency exchange is relatively stable, and an increasing amount of currencies are floating freely. The Euro is rising to provide an alternative to the US dollar

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