The IMF headquarters is located in Washington D.C.,
U.S.A. The International Monetary Fund (IMF) was established at a United Nations Monetary and Financial Conference, also known as Bretton Woods Conference, on 22 July 1944 as an organ under the UN System. Under its Articles of Agreement, the IMF is responsible for promoting international monetary cooperation; facilitating the expansion and balanced growth of international trade; promoting exchange stability; assisting in the establishment of a multilateral system of payments; and providing resources available to members experiencing balance of payments difficulties. The IMF has three critical missions: The IMF fosters financial stability by: furthering international monetary Policy Advice: They monitor economic cooperation, encouraging the and financial developments and advise nations. expansion of trade and economic Financial Assistance: Loans and growth, and discouraging policies provides other financial aid to member that would harm prosperity. To fulfill nations these missions, IMF member Capacity Development: Provides tech countries work collaboratively with assistance to help nation with the implementation of economic policies What is the IMF each other and with other international bodies.
To maintain stability and prevent Providing loans and
crises in the international monetary system, the IMF keeps a regular concessional financial policy dialogue with the governments assistance to member of its member countries. It assesses countries experiencing economic conditions and recommends policies that enable actual or potential balance- sustainable growth. The IMF also of-payments problems is a Superintendents of the IMF At the top of the organizational structure is the Board of Governors, consisting of one governor and one alternate governor from each member country, usually the top officials from the central bank or finance ministry. The Board of Governors meets once a year at the IMF–World Bank Annual Meetings. Twenty-four of the governors serve on the International Monetary and Financial Committee, or IMFC, which advises the IMF's Executive Board. Quick facts about the IMF