International Monetary Fund (IMF) - UPSC Economy Notes
IMF is a global financial institution that helps maintain economic stability and monetary cooperation between countries. It was established in 1944
International Monetary Fund (IMF) What is the IMF? The International Monetary Fund (IMF) is a global financial institution that helps maintain economic stability and monetary cooperation between countries. It was established in 1944 and currently has 190 member countries . The International Monetary Fund (IMF) is a global financial organization that: Maintains global financial stability – ensures that countries' economies remain stable. Promotes international monetary cooperation – helps countries manage their currencies and trade. Facilitates global trade – ensures smooth international trade by supporting economies in financial distress. 3 Main Roles of the IMF Economic Surveillance – Monitors the economies of its member countries to ensure stability. Lending – Provides financial help to countries facing a Balance of Payments (BoP) crisis (when a country doesn't have enough foreign currency to pay for imports or international debt). Capacity Development – Helps countries improve their e…