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 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.
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US dollar firms up as US inflation stays sticky reducing bets of outsized Fed rate cut
The US dollar reduced some of its early day gains on Thursday although the index continues to stay firmly above 101 mark after the release of US ...
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Dollar firm after inflation data douse bets for big Fed cut - Reuters
The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that ...
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Inflation slows to three-year low, clearing way for Fed rate cut | CFO Dive
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An anonymous reader shares a report: A giant unregulated currency is undermining America's fight against arms dealers, sanctions busters and ...
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