International Monetary Fund

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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