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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