IMF

Definition

The International Monetary Fund (IMF) is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world. It provides financial assistance to member countries facing balance of payments problems.

Related terms

Balance of Payments: This refers to the record of all economic transactions between a country and the rest of the world over a specific time period.

Financial Assistance: This term refers to providing funds or loans to countries experiencing economic difficulties in order to help them overcome their financial challenges.

Global Monetary Cooperation: This involves coordination between different countries' monetary policies in order to maintain stable exchange rates and foster economic growth worldwide.