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International Monetary Fund IMF

  • Street / Area: 700 19th Street, N.W.
  • City: Washington
  • Country: United States
  • Phonenumber: + 1 (202) 623-7000
  • Website: http://www.imf.com
  • Organizations details: Business and finance
  • Listed: december 23, 2016 9:25 am
  • Expires: 91 days, 11 hours
International Monetary Fund IMF

Description

International Monetary Fund IMF

International Monetary Fund IMF is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.

Why the IMF was created and how it works

The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.

The IMF’s responsibilities: The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

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International Monetary Fund IMF

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