International Monetary Fund

The International Monetary Fund (IMF) is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, foster high employment and sustainable economic growth, and reduce poverty around the world. It makes money primarily through member country quotas and lending to countries facing balance of payments problems. Established in 1944 at the Bretton Woods Conference, the IMF has played a crucial role in managing financial crises and providing policy advice and technical assistance to its 190 member countries.

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