Financial Glossary: IMF-International Monetary Fund


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IMF-International Monetary Fund

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IMF-International Monetary Fund

IMF-International Monetary Fund

The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on Exchange rates and the balance of payments.

It also offers financial and technical assistance to its members, making it an international Lender of Last Resort. Its headquarters are located in Washington, D.C., USA.

The International Monetary Fund was established in 1944.IMF's goal is to stabilize Exchange rates and supervise the reconstruction of the world's international payment system. Countries contributed to a Pool which could be borrowed from, on a temporary Basis, by countries with payment imbalances.

The IMF's influence in the global economy steadily increased as it accumulated more members. The number of IMF member countries has more than quadrupled from the 44 states involved in its establishment.

Posted by Henley & Partners Group Holdings Ltd

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