What is the International Monetary Fund (IMF)?
The International Monetary Fund (IMF) is an organization that promotes and facilitates the monetary cooperation between countries and the stability of monetary exchange. The IMF also works to promote economic growth and employment in its 184 member countries and to provide temporary aid to countries. Its overreaching goal is to avoid any local or global financial crisis, such as the Great Depression of the 1930s. The IMF was established in July 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire.
