IMF

From Reuters Financial Glossary

Synonym: International Monetary Fund

The IMF is a specialized agency of the United Nations that has a wide-ranging brief to oversee the international monetary system and to promote exchange rate stability and international trade. It provides funds to member countries with balance of payments problems, to support their policies of economic adjustment and reform. It is funded by subscriptions from member states whose drawing rights and voting powers are accordingly determined by their subscriptions.

See also: Bretton Woods

www.imf.org

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