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

Outlook For Pound To US Dollar Exchange Rate: UK Inflation Report Hearings, US GDP
At the start of last week, Theresa May revealed she would present a 'new and improved' Brexit Withdrawal Agreement. However, over the course of ...
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EUR/USD off 2019 low, More gains to come'
A broader USD up-move was capped as investors saw risks that Fed might be forced to cut rates further out in time as trade tensions might hurt US ...
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USD to PKR: Currency rate today in Pakistan, 27 May 2019
Currency rate today in Pakistan, is now available. According to currency rate in Pakistan, the Pakistani Rupee became little stronger. However, USD to ...
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AUD/USD clings to gains above 0.6900 handle, lacks follow-through
AUD/USD clings to gains above 0.6900 handle, lacks follow-through ... The USD remains on the defensive amid growing bets for a Fed rate cut.
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ADB approves 300 mln USD loan to support Philippine education
ADB approves 300 mln USD loan to support Philippine education ... to attaining the government's vision of lowering unemployment and poverty rates.
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USD/CHF Forex Signal
USDCHF remains a little weak below 1.0050. Last Thursday's signals produced a losing long trade from the bullish pin candlestick which rejected the ...
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EUR/USD Forex Signal
Last Thursday's signals were not triggered, as there was no bearish price action at 1.1181. Today's EUR/USD Signals. Risk 0.75%. Trades must be ...
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Forex - Euro Holds Steady after EU Election Results, Pound Ticks Higher
Investing.com - The euro was holding steady on Monday after the results of European Union parliamentary elections showed that pro-EU parties held ...
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Regulated Forex Market to be formed by June. 21: MP
Expressing content about the recent forex policies applied by the government and the central bank, he underlined that formation of the regulated ...
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