International Monetary Fund
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(IMF).
An international organisation created by the Bretton Woods Agreement in 1944.
The IMF promotes international financial stability and monetary cooperation.
The responsibilities of the IMF include:
- Oversight of the international monetary system.
- Monitoring the economic and financial policies of its member countries, encouraging policies that foster economic stability.
- Providing loans to member countries experiencing actual or potential balance of payments problems.
- Designing economic policies to enable member countries to manage their financial affairs more effectively.
See also
- Bretton Woods Conference
- European Union
- Exchange rate
- Exchange Rate Mechanism
- Fund
- Monetary
- World Bank
