UGC NET : International Monetary Fund (IMF) UPSC : International Monetary Fund (IMF) International Monetary Fund (IMF) The International Monetary Fund (IMF) is an organization of 189 countries Bretton Woods Bretton Woods is a place in New Hampshire State of USA In 1944, President Roosevelt hosted a conference here, to rebuild the world economy, after […]
What is the IMF?
The IMF is an international organization comprising 190+ member countries, working to:
- Promote global monetary cooperation
- Secure financial stability
- Facilitate international trade
- Promote high employment and sustainable economic growth
- Reduce poverty around the world
?️ Headquarters
- Location: Washington, D.C., United States
? Objectives of IMF
- Ensure exchange rate stability
- Promote balanced growth of international trade
- Provide temporary financial help to countries facing balance of payments problems
- Monitor global economic trends
- Reduce poverty in developing countries
? Functions of the IMF
- Surveillance: Monitoring the global economy and advising member nations on economic policies.
- Lending: Providing loans to member countries in economic distress.
- Capacity Development: Offering technical assistance and training to help countries improve their economic management.