International Monetary Fund Law & Legal Definition
The International Monetary Fund (IMF) is an international organization of 184 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
The IMF serves many functions, including, among others, lending to member countries, surveillance of international economic and financial policies, and technical assistance. it aims to promote the balanced expansion of world trade, stability of exchange rates, avoidance of competitive devaluations, reduction of poverty, and orderly correction of balance of payments problems.
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