International Monetary Fund (IMF)

The IMF is an international financial institution and non-governmental organization (NGO) headquartered in Washington D.C. It consists of 190 representative countries from around the world. Comprising 190 representative countries worldwide, the IMF aims to cultivate global monetary cooperation, bolster financial stability, facilitate international trade, foster sustainable economic growth, and alleviate global poverty. To realize this objective, the IMF periodically seeks assistance from the World Bank and other international institutions. The organization’s roots can be traced back to the deliberations at the Bretton Woods Conference in 1944, and it commenced its operations in 1945.