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

USD/CAD Price Analysis: Stuck in tight range above 1.3700 - FXStreet
USD/CAD stays on the sidelines above 1.3700 amid uncertainty over the timeframe for Fed rate cuts. US customers cut heavily on discretionary spending, ...
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United Kingdom Producer Price Index - Input (MoM) n.s.a came in at 0%, above forecasts
GBP/USD fluctuates above 1.2700 in the early European session on Wednesday. The data from the UK showed that annual inflation, as measured by the ...
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USD/CHF remains on the defensive below 0.8850 as weaker US Retail Sales data boosts ... - Mitrade
USD/CHF posts modest gains near 0.8840 in Wednesday's early European session. The Swiss National Bank (SNB) is expected to keep its interest rate ...
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USD/JPY Flat Lines Below 158.00, Bulls Turn Cautious Amid Subdued USD Price Action
This, however, does little to impress the JPY bulls or provide any meaningful impetus to the USD/JPY pair, though subdued US Dollar (USD) price action ...
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US Dollar faces downwards pressure on soft Retail Sales - FXStreet
Markets are digesting comments from Fed officials for placing their bets on the rate cut cycle. Investors continue challenging the Fed and bet on more ...
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Petrodollar: Chinese Yuan Can Rise Globally, Put US Dollar in Jeopardy - Watcher Guru
With the regime's decision to embrace US dollar alternatives, speculators have amped up hopes, vying for new currency concepts to take hold and shape ...
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CBSL rates : Rupee reaches Rs. 300 mark against US Dollar - Newswire
According to the Central Bank of Sri Lanka, the buying rate of the US Dollar has increased from yesterday's rate of Rs. 299.31 to Rs. 300.20 today.
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Ringgit gains against US dollar in early trade - New Straits Times
KUALA LUMPUR: The ringgit extended its gains to open better against the US dollar in early trade today as the greenback weakened amid growing ...
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U.S. dollar down in Taipei trading - Focus Taiwan
The U.S. dollar was traded at NT$32.387 at 10 a.m. Wednesday on the Taipei Foreign Exchange, down NT$0.010 from the previous close.
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