The International Monetary Fund (IMF) is an organization of 186 countries, working tofoster global monetary cooperation, secure financial stability, facilitate internationaltrade, promote high employment and sustainable economic growth, and reduce povertyaround the world.The International Monetary Fund (IMF) is the international organization that oversees theglobal financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rate and the balance of payments. It is an organization formed with a stated objective of stabilizing internationalexchange rates and facilitating development. It also offers highly leveraged loans, mainlyto poorer countries. Its headquarters are in Washington, D.C., United States.The IMF's primary purpose is to ensure the stability of the international monetarysystem²the system of exchange rates and international payments that enables countries(and their citizens) to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards.