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 Signals Brief March 1: Eurozone Inflation to Fall to 2.5% - FXLeaders
Yesterday the volatility in the cryptocurrency market slowed, while in forex the situation was quiet until the release of the US PCE inflation report, ...
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MTN Nigeria incurs N740 billion in forex losses, shareholders funds wiped out
According to MTN, 'the loss was significantly due to operational changes to the Nigerian Foreign exchange market, including the abolishment of the ...
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Forex Today: US Dollar consolidates gains ahead of PMI, Euro awaits inflation data
Here is what you need to know on Friday, March 1: The US Dollar (USD) outperformed its rivals on Thursday, with the USD Index (DXY) registering ...
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MTN profit to take massive hit amid Nigerian forex woes | Business - News24
The foreign exchange losses in MTN Nigeria alone equated to a 593c per share hit ' compared to only 52c in the previous year. While MTN Nigeria saw ...
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$2bn rollover by China shields forex reserves - Business - DAWN.COM
Most of the foreign exchange reserves of the State Bank of Pakistan (SBP) consist of loans from friendly countries. The central bank, which used to ...
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FOREX-Dollar steady as traders weigh Fed rate cut bets; yen shaky at 150/dlr
FOREX-Dollar steady as traders weigh Fed rate cut bets; yen shaky at 150/dlr. Ankur Banerjee. Thu, February 29, 2024 at 9:42 PM PST 4 min read.
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Rupee settles 1 paisa lower at 82.90 against U.S. dollar - The Hindu
The rupee settled 1 paisa lower at 82.90 (provisional) against the U.S. dollar on Friday amid rising crude oil prices in the overseas market and ...
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U.S. dollar closes higher on Taipei forex market - Focus Taiwan
Taipei, March 1 (CNA) The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.029 to close at NT$31.606.
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Rupee rises 4 paise to 82.85 against US dollar in early trade - The Hindu BusinessLine
A positive sentiment in the equity markets also supported the local currency, though the higher level of the dollar index came as a negative bias, ...
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Rupee registers marginal loss against US dollar - Markets - Business Recorder
The Pakistani rupee recorded a marginal decline against the US dollar, depreciating 0.03% in the inter-bank market on Friday.
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Dollar dominance ' will we ever break the buck' | Insights - Coutts
Many believe the American primacy that dominated the 20th century could be coming to a close. The world is becoming multipolar and so is the gravity ...
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