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International Monetary Fund (IMF)

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Definition

The International Monetary Fund (IMF) is an international organization established in 1944 and headquartered in Washington, D.C. It comprises 190 member countries. The IMF's primary goal is to ensure the stability of the international monetary system. It provides financial assistance to member countries in economic crisis, ensuring their economies stabilize and grow. The IMF also offers economic policy advice, research, training, and individual country assessments. The organization plays a crucial role in overseeing the global economy, with a focus on macroeconomic and structural issues that affect its stability.