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International Monetary FundOverviewThe Internation Monetary Fund (IMF) seeks to keep the world economy healthy through maintenance and promotion of proper monetary and financial policies. BackgroundThe IMF is part of the post-World War II economic order, made in 1944. It was originally established to serve as a catalyst for "economic cooperation that would avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s," according to IMF.org. Based in Washington, D.C., the IMF is made up of 185 countries, nearly the entire world, and seeks "to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment," according to IMF.org. In this sense, it bridges the efforts of both the World Trade Organization and the World Bank, and works closely with both. Its three missions to meet this goal are surveillance, technical assistance, and financial assistance. Links/Contact- International Monetary Fund Website |
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