IMF Description. IMF Overview
Monetary Fund (IMF) is an international organization of 184 member
countries. The International Monetary Fund (IMF) was established to
promote international monetary cooperation, exchange stability, and orderly
exchange arrangements; to foster economic growth and high levels of
employment; and to provide temporary financial assistance to countries to
help ease balance of payments adjustment.
The purposes of the
International Monetary Fund (IMF) are:
(i) To promote international monetary cooperation through a permanent
institution which provides the machinery for consultation and collaboration
on international monetary problems.
(ii) To facilitate the expansion and balanced growth of international trade,
and to contribute thereby to the promotion and maintenance of high levels of
employment and real income and to the development of the productive
resources of all members as primary objectives of economic policy.
(iii) To promote exchange stability, to maintain orderly exchange
arrangements among members, and to avoid competitive exchange depreciation.
(iv) To assist in the establishment of a multilateral system of payments in
respect of current transactions between members and in the elimination of
foreign exchange restrictions which hamper the growth of world trade.
(v) To give confidence to members by making the general resources of the
Fund temporarily available to them under adequate safeguards, thus providing
them with opportunity to correct maladjustments in their balance of payments
without resorting to measures destructive of national or international
(vi) In accordance with the above, to shorten the duration and lessen the
degree of disequilibrium in the international balances of payments of
International Monetary Fund (IMF) was
established its purposes have remained unchanged but its operations which
- technical assistance
have developed to meet
the changing needs of its member countries in an evolving world economy.