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

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US Dollar Index technical analysis: DXY recovers on Friday as bulls lift the matket above the 97.00 ...
The US Dollar Index (DXY) rebouned near the 200-daily simple moving average (DSMA) as the market is trading above the 97.00 handle. The market ...
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US Dollar Index Futures (DX) Technical Analysis ' Pivot at 96.760 Controls Direction into Close
The U.S. Dollar is trading higher against a basket of major currencies on Friday with most of the rally being fueled by a steep drop in the Euro.
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