International Monetary Fund (IMF) :

The International Monetary Fund or IMF is a global organization made of 189 member countries working to foster global monetary co-operation , secure financial stability, facilitate international trade ,promote high employment and sustainable economic growth, and reduce poverty around the world. It was founded in 1944 with the purpose to oversee global financial health and provide assistance when needed to its members.Its headquarters are in Washington D C.

The objectives of the IMF, as set out in its Articles of Agreement, are as follows: :

(a) to promote international monetary cooperation,

(b) to strive for stable exchange rates

(c) to facilitate the balanced growth of international trade and creation of employment opportunities

(d) to assist in establishment of a multilateral payment system e. to assist member countries in case of balance of payments crisis

(e) to generate confidence among its members by making the general resources of the fund temporarily available to them.

(f) to shorten the duration and lessen the degree of disequilibrium in the balance of payments of its member countries.