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The International Monetary Fund

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The International Monetary Fund Empty The International Monetary Fund

Post  be_map1512 Wed Jun 29, 2011 11:40 pm

The International Monetary Fund (IMF) is an intergovernmental organization that oversees the global financial system by monitoring[clarification needed] the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the balance of payments. Its objectives are to stabilize international exchange rates and facilitate development through the encouragement of liberalising economic policies[1] in other countries as a condition of loans, debt relief, and aid.[2] It also offers loans with varying levels of conditionality, mainly to poorer countries. Its headquarters is in Washington, D.C. The IMF’s relatively high influence in world affairs and development has drawn heavy criticism from some sources.

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