It is an organization formed with a stated objective of stabilizing international exchange rates

and facilitating development .

History
To strengthen the economies of member countries by
making fund's resources available to them.
To promote exchange stability and to facilitate the
expansion and balanced growth of International trade.
To lessen the chances of disequilibrium in the
international BOP(balance of payment) of member
countries.
To reduce the poverty in member countries and to
promote high employment by facilitating sustainable
economic growth.
Advisory role
Monetary and Capital Markets
Department: Monitors financial
sectors and capital markets, and
arrangements, and operations. Prepares
the GLOBAL FINANCIAL STABILITY
REPORT.
Legal Department. Advises management,
the Executive Board, and the staff on the
applicable rules of law. Prepares decisions
and other legal instruments and provides
technical assistance to member countries.
Research Department: Monitors the global
economy and the economies and policies of
member countries and undertakes research on
issues relevant to the IMF. Prepares the World
Economic Outlook.