The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of 189 countries. Each country or region is represented by a member on the Fund's Executive Board and numerous staff members. They work to foster global monetary cooperation by means of standardizing global financial relations and exchange rates.

The IMF generally monitors the global economy, and its core goal is to economically strengthen its member countries. Specifically, the IMF was created with the intention of Promoting global monetary and exchange stability, Facilitating the expansion and balanced growth of international trade, and, Assisting in the establishment of a multilateral system of payments for current transactions.

The IMF main function is to oversee the international monetary and financial system and monitor the economic and financial policies of its member countries. This activity is known as surveillance and facilitates international cooperation. While the IMF sets standards for the global economy and monitors the financial communications between countries, it also helps those countries in need by lending them the money necessary to turn their economy around and rebuild their financial structure. Countries contribute to a pool from which countries in need can borrow as a short-term loan. If a country has a balance of payments deficit, the IMF can step in to fill the gap. It serves as a council and adviser to countries attempting a new economic policy.

Latest news on The IMF & the Economy

EMERGING MARKETS-Latam stocks fall ahead of Fed meeting, forex mixed
By Agamoni Ghosh March 20 (Reuters) - Latin American stocks fell in broad-based declines on Wednesday as investors avoided riskier assets ahead ...
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Australian jobs data to drive odds for more stimulus ' Forex News Preview
Australian employment figures will be carefully watched on Thursday at 0030 GMT as the central bank keeps relying on a tighter labor market to ...
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FOREX-Dollar steady ahead of Fed decision; sterling slides
... * Pound falls after Britain's May requests Brexit delay. * Fed's balance sheet plan, economic outlook under microscope (Updates rates, comments to ...
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India rupee SURGES against US dollar ' from worst to BEST performing currency in Asia
As of just after 3.00pm UK time, the Indian currency is trading at 68.8325 against the US dollar, having smashed into the 60-region once again. Earlier ...
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US Dollar To Rain On Gold's Parade
The USA is engaged in quantitative tightening while most other countries are still easing. This points to a stronger U.S. dollar. Excess bank reserves ...
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USD/JPY Price Forecast ' US dollar runs into resistance against Japanese yen
The US dollar initially tried to rally during the trading session on Wednesday but continues to find quite a bit of resistance above the 111.50 level, ...
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FOMC Preview: EUR/USD to Eye Monthly-High on Dovish Forward-Guidance
The Federal Open Market Committee (FOMC) interest rate decision may shake up the near-term outlook for the U.S. dollar as the central bank is slated ...
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US dollar exchange rate continues to decline in Egypt
The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in a row, being bought at ...
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