IMF – IAS Synopsis
The IMF is an international organization, conceived in July 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to transact with each other.
Functions of IMF
Providing loans to member countries that are experiencing actual or potential balance-of-payments problems;
Providing technical assistance and training to help member countries build better economic institutions and strengthen related human capacities;
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability; and
Assist in the establishment of a multilateral system of payments.
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