The statement that the International Monetary Fund (IMF) grants loans only to member countries is correct because the IMF is an organization composed of 190 member states, and its primary purpose is to ensure the stability of the international monetary system. Member countries can access financial assistance from the IMF in the form of loans to address balance of payments problems, contingent upon their commitment to implement necessary economic reforms, thereby fostering fiscal discipline and promoting global economic stability. This mechanism reinforces the IMF's role as a cooperative institution aimed at sustaining economic health across nations and preventing financial crises.