International Monetary Fund (IMF)
An international organization created for the purpose of:
1. Promoting global monetary and exchange stability.
2. Facilitating the expansion and balanced growth of international trade.
3. Assisting in the establishment of a multilateral system of payments for current transactions. Investopedia Says:
The IMF plays three major roles in the global monetary system. The Fund surveys and monitors economic and financial developments, lends funds to countries with balance-of-payment difficulties, and provides technical assistance and training for countries requesting it. Related Terms:
Balance Of Payment
Balance of Trade
Bretton Woods Agreement
Current Account
Dumping
International Organization Of Securities Commissions - IOSCO
Reserve Tranche
Special Drawing Rights
World Trade Organization - WTO |