Friday, May 14, 2010

The IMF











The International Monetary Fund (IMF) is an organization of 187 countries, working mainly together to encourage global monetary cooperation.

Its main aim are:
  • to assure financial stability
  • to facilitate international trade
  • to promote high employment and sustainable economic growth
  • to reduce poverty around the world
The IMF has three major roles in the current monetary system:
  • It monitors and surveys financial and economic developments
  • It helps countries with difficulties of balancing payments by providind funds
  • It provides techincal assistance and training to countries that request this.

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