Updated By: LatestGKGS Desk
IMF Washington DC headquarter function power
International Monetary Fund (IMF) headquarters function power And the different country
IMF International Monetary fund is more like a cooperative bank which works towards the monetary cooperation of member countries i .e helps in matters of money and currency. It works in areas like balance of payment problems, exchange rate stability providing policy advice to govt and central banks etc.
The International Monetary Fund (IMF) is the central institution embodying international monetary system and promotes the balanced expansion of world trade
It reduced trade restrictions, stable exchange rates, minimal trade imbalances, avoidance of currency devaluations, and the correction of balance-of-payment problems.
The IMF's goal is to prevent and remedy international financial crises by encouraging countries to maintain sound economic policies. coz of its size, the IMF is also a forum for discussion of global economic policies.
The IMF is headquartered in Washington, D.C., but has offices in Paris, Tokyo, New York, and Geneva.
the IMF formally came into existence in December 1945 with 29 member countries after it was conceived during the negotiation of the Bretton Woods agreements in 1944
It was originally tasked with establishing exchange rates after World War II through the regulation of rates among the member countries.
