International Monetary Fund

The International Monetary Fund (IMF) is an international organization composed of 189 countries working to promote economic growth, international trade, financial stability, and economic aid. Its mission is to promote international monetary cooperation, facilitate international capital mobility, and secure financial stability by providing advice, loans, and other policy advice to its member countries. It also provides technical assistance to member countries to promote economic development and growth. The IMF is funded by contributions from its member countries, which are determined by a quota system. The quota contributions determine each country’s voting power in the IMF. The IMF works to achieve its main goal of reducing global poverty and inequality by providing balanced advice to governments in designing and implementing sound macroeconomic and structural policies, as well as emergency financing when needed. The IMF also monitors developments in the international economy and advises governments on how to respond accordingly.