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The International Monetary Fund, 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 while periodically depending on World Bank for its resources. 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 XDR 477 billion.


Africa Borrowing Like It’s the 1990s Worries the IMF

International Monetary Fund Managing Director Kristalina Georgieva said in November this is a cause for concern. Of the 54 countries on the continent, 20...

discovered 5 months ago on Bloomberg

IMF approves $5.5 billion loan for Ukraine, citing "impressive progress" against corruption

The International Monetary Fund has agreed to lend Ukraine $5.5 billion two days before the...

discovered 5 months ago on Axios

Is South Africa Approaching an IMF Bailout? - ZA

In the MTBPS, the government budget deficit showed a worrying increase to -5.9% of GDP from -4.5%...

discovered 5 months ago on

Ukraine Unlocks $5.5 Billion IMF Loan in Preliminary Accord

Ukraine sealed a preliminary $5.5 billion loan program with the International Monetary Fund, giving...

discovered 5 months ago on Bloomberg

IMF Warns Uganda’s Interest Payments Could Hit Project Spending

Uganda will spend as much as a fifth of government revenue on interest payments in this financial...

discovered 5 months ago on Bloomberg

IMF Head Says Backs Argentina's Goals to Spur Growth, Cut Poverty

The head of the International Monetary Fund (IMF) Kristalina Georgieva congratulated Argentina's new...

discovered 5 months ago on US News & World Report

IMF and Ukraine reach tentative $5.5 bn aid deal

The International Monetary Fund said Saturday it had reached an agreement in principle with Ukraine on a new $5.5 billion, three-year aid program for the...

discovered 5 months ago on AFP via Yahoo News

No Dates Set for Argentine Debt Talks, IMF Spokesman Says

Argentina's Economy Minister Martin Guzman speaks during a press conference in Buenos Aires, on Dec....

discovered 5 months ago on Bloomberg




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