International Monetary Fund (IMF)
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The International Monetary Fund (IMF) is one of the Bretton Woods international financing institutions (IFI) and was set up in 1945. Today it is near global and is constituted of 188 countries. Its overarching goal is to ensure stability of the international monetary system, including macroeconomic and financial sector issues. It aims to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty.
The IMF keeps track of the global economy and lends to countries with balance of payments difficulties, but also gives practical help to members. The IMF also oversees the international monetary system and monitors the economic and financial policies of its member states. As such it also acts as an advisor for necessary policy adjustments.