The International Monetary Fund (IMF) has been one of the key actors and at the same time one of the most controversial actors of International Economics since its establishment. There is no definitive answer to the effectiveness and even necessity of the IMF as an international economic organization when some nations see the IMF as a savior and others as the devil in disguise. In such a cloudy environment, it is important to understand how the Fund engages in arrangements, the difficulties of such engagements and to observe as well as rethink the approach of the Fund during times of crisis. To more accurately understand how the IMF and its policies developed into what it is today and why the IMF is an important actor in the development of international economic relations, it is necessary to delve into the foundations and institutional methodology of the Fund. The purpose of this paper is to analyze the approach utilized by the International Monetary Fund in its aim to mitigate crises and sustain a functional international economy, creating an understanding of the benefits and shortcomings of the Fund as well as its functionality. In the turbulent environment that the world finds itself in, following a pandemic, the role of the IMF will be crucial in determining the future of international economics. Therefore, the role of this paper is to shed light on the functionality of the IMF and provide a clear picture of the instruments and approaches the Fund may use in the following months and years. The data and studies which have been utilized for this paper have been collected from international organizations as well as academic research, reviews, and reports, as stated in the references section of this paper.