International Monetary Fund - IMF

International Monetary Fund (IMF)

What is the IMF? Overview

The International 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 prosperity.
(vi) In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members.
 

Activities Services

Since the International Monetary Fund (IMF)  was established its purposes have remained unchanged but its operations which involve:

- surveillance,

- financial assistance, and

- technical assistance

have developed to meet the changing needs of its member countries in an evolving world economy.
 

IMF Main Address

700 19th Street, N.W.

Washington, D.C. 20431
Telephone: +1 (202) 623-7000

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