International Monetary Fund

IMF logo, photo courtesy of IMF

by Alliya Dulaney

The International Monetary Fund (IMF) has a primary purpose of ensuring the stability of international exchange rates among its 189 countries involved. Along with global financial stability, the IMF also works to “promote high employment and sustainable economic growth and reduce poverty around the world” as stated on their website. To ensure economic stability, the IMO imposes economic surveillance, which they advise and monitor policies of countries, providing loans to protect international reserves and modernizing economic policies and institutions.