The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of 189 countries. Each country or region is represented by a member on the Fund's Executive Board and numerous staff members. They work to foster global monetary cooperation by means of standardizing global financial relations and exchange rates.

The IMF generally monitors the global economy, and its core goal is to economically strengthen its member countries. Specifically, the IMF was created with the intention of Promoting global monetary and exchange stability, Facilitating the expansion and balanced growth of international trade, and, Assisting in the establishment of a multilateral system of payments for current transactions.

The IMF main function is to oversee the international monetary and financial system and monitor the economic and financial policies of its member countries. This activity is known as surveillance and facilitates international cooperation. While the IMF sets standards for the global economy and monitors the financial communications between countries, it also helps those countries in need by lending them the money necessary to turn their economy around and rebuild their financial structure. Countries contribute to a pool from which countries in need can borrow as a short-term loan. If a country has a balance of payments deficit, the IMF can step in to fill the gap. It serves as a council and adviser to countries attempting a new economic policy.

Latest news on The IMF & the Economy

EUR/USD Bounces Back Amid Rate Speculations, Rising Trade War Fears ' Noor Trends
As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading ...
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US Dollar Forecast: EUR/USD Rebound Pulls RSI Out of Oversold Zone - FOREX.com
Fed officials may mirror the comments from Chairman Powell after unanimously voting for a 25bp rate-cut earlier this month, and the central bank may ...
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US Dollar Forecast: EUR/USD Rebound Pulls RSI Out of Oversold Zone - City Index
Fed officials may mirror the comments from Chairman Powell after unanimously voting for a 25bp rate-cut earlier this month, and the central bank may ...
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Powell comments still sink markets - FXStreet
Post-Election surge: USD strength and market shifts amid central bank rate cuts · Sal Provenzano. By Sal Provenzano 16:20 GMT. Fed December rate cut ...
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Petroleum Products: Stable forex will enable consumers enjoy further reductions in prices - YouTube
Prime Business (18-11-24) | Petroleum Products: Stable forex will enable consumers enjoy further reduction in prices - Dr Sulemana #MyJoyOnline ...
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Forex Today: The RBA Minutes and inflation in the euro area come to the fore - TeleTrade
The US Dollar retreated further and tested three-day lows as the Trump rally seems to have lost some enthusiasm among market participants, ...
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PM: Increased demand for forex has led to 'shortage' | Loop Trinidad & Tobago
PM: Increased demand for forex has led to 'shortage' ... Prime Minister Dr Keith Rowley has made it clear that the government will not be devaluing the ...
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The technicals in play to start the new trading week in the forex - Forexlive
A technical look at some of the major currency pairs in the forex market shows: EURUSD: The EURUSD last week moved to a low just below 1.0500 and ...
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GBP/USD Outlook Weakens Amid UK GDP and Risk Sentiment - Forex Crunch
Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you ...
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The Popularity Of Forex Market, Explained - OfficeChai
The forex market, also known as the foreign exchange, is currently the largest financial market in the world. It sees billions traded daily due to ...
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