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

Family Health: How managing finances affects mental health | KLRT - FOX16.com
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Nasarawa State Assembly Investigates LGA Finances - Voice of Nigeria
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New metric 'GGB Star' to monitor public finances - RTE
The Minister for Finance acknowledged the need to be mindful of the State's reliance on corporation tax.
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American Finances Updates: Stimulus Payments deadlines, Social Security Benefits, Gas Prices...
Energy Assistance: How to get a rebate on my energy bill in Texas' Inside the great state of Texas, there will be thousands of Americans who are ...
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Surging Dollar Threatens $60 Billion Hit to Corporate Revenue - Bloomberg.com
The greenback's strength is likely to reduce the profits of a third of the companies in the S&P 500 this quarter.
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INSIGHT: 'King Dollar' poses growing threat to US chems, global economy | ICIS
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Dollar takes a breather even as rate worries dent risk appetites - Reuters
A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla Gurdogan/File Photo.
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Peso dives to P58.999 vs US dollar | The Manila Times
(UPDATED) THE Philippine peso on Tuesday fell to a new record low against the US dollar after closing at P58.999. It opened the day at P58.8 after ...
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The pound is crashing, US dollar rising. How far will your AUD go' - Sydney Morning Herald
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