International Monetary Fund (IMF)

The International Monetary Fund (IMF) is an organization of 189 countries committed to economic cooperation and international financial stability. The IMF provides loans to countries with temporary balance of payments difficulties and gives policy advice to its members and helps to build their capacity to use economic policy for sustainable and equitable economic growth. Its principal roles are to promote international economic cooperation and ensure financial stability, facilitate international trade, ensure economic development and reduce poverty. The IMF provides a forum for countries to agree on economic policy, and through its technical assistance and training, helps countries build and maintain strong economies. The IMF monitors the international economy, and provides data and analysis on how countries are managing their economies, evaluating the strengths and weaknesses of their economic systems and policies. The IMF works to promote prudent fiscal and monetary policies to reduce imbalances and increase global growth.