International Monetary Fund
From ACT Wiki
(IMF).
An international organisation created by the Bretton Woods Agreement in 1944 to promote exchange rate stability.
The objectives of the Fund include:
- provide a forum for cooperation on international monetary problems
- facilitate the growth of international trade, thus promoting job creation, economic growth, and poverty reduction;
- promote exchange rate stability and an open system of international payments; and
- lend countries foreign exchange temporarily, to help them address balance of payments problems.
