The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.
The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole.. Reuters - Published
The International Monetary Fund will not be able to help Venezuela deal with its economic crisis until a "large majority" of its members decide who to recognize as the country's leader, the head of the.. Reuters - Published
Ukrainians fed up with entrenched corruption and hungry for change are likely to elect Volodymyr Zelenskiy, a comedian with no previous political experience, as their next president in a run-off vote..
More than four out of five chief financial officers asked in a survey by accountancy firm Deloitte expect Brexit to lead to a long-term deterioration in Britain's business environment. David Pollard..
According to a report by Reuters, on Saturday, International Monetary Fund Managing Director Christine Lagarde said that accountability, transparency, and effective communication were key to components..
The German government is set to halve its 2019 growth forecast for Europe's biggest economy, a government source told Reuters on Friday, reflecting a worsening slowdown led by a recession in the..
China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their..
President Donald Trump's pressure on the Federal Reserve poses risks to the economy, an International Monetary Fund official said Thursday. The president has repeatedly lashed out at the central bank..
Trade-sensitive industrials dragged Wall Street lower on Tuesday as U.S. President Donald Trump said he would impose tariffs on $11 billion of European goods. Fred Katayama reports.
The International Monetary Fund cut its global economic growth forecasts for 2019. As Fred Katayama reports, it blamed U.S.-China trade tensions and Britain's messy divorce from the E.U., among other..
Inflation has reached its highest in more than five years in Pakistan, and residents across the country say it has shattered their faith in a government elected last year on a pledge to eradicate..
German industrial orders, hit by a slump in foreign demand, fell at their sharpest rate in more than two years in February. As David Pollard reports, the numbers came as Germany's leading economic..
Brexit worries caused the UK's dominant services sector to contract for the first time in nearly three years, a survey showed on Wednesday, and euro zone business activity stayed in the doldrums. But..
International Monetary Fund Managing Director Christine Lagarde said on Saturday accountability, transparency and effective communication were key components for central banks to be credible in.. Reuters - Published
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