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

Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD ...
EUR/USD is forming one more descending impulse towards 1.1047. After that, the instrument may start a new growth to reach 1.1072, thus forming ...
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NBU weakens official forex rate to UAH 24.19 to dollar for Nov 22
On Thursday, November 21, hryvnia quotations against the dollar on the interbank currency market by the close of trade settled at UAH 24.15/24.17 to ...
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Forex - Major Currencies Remained Little Changed Amid Mixed Messages on Trade War
Investing.com - Major currency pairs were little changed on Friday in Asia amid mixed messages on the Sino-U.S. trade progress. The U.S. dollar ...
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Forex News Today: PMIs and Largarde Speech to Dictate EURUSD
EURUSD traded higher yesterday to its new intra-week high at 1.1096. However, buyers were not able to sustain the rally and the currency pair fell ...
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US Dollar Index struggles for direction just below 98.00
The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, is extending the gradual weekly upside to the 98.00 ...
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China plays pivotal role in structural change of forex market: UBS
A more uncertain global environment might support the US dollar due to its safe-haven characteristics, but longer-term dynamics could result in a ...
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US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
The US Dollar may be readying to turn higher against the Singapore Dollar. USD/SGD has broken above the Falling Wedge after bouncing on the ...
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Rupee rises 6 paise to 71.70 against US dollar in early trade
The Indian rupee on Friday appreciated by 6 paise to 71.70 against the US dollar, amid fresh foreign fund inflows and easing crude oil prices.
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