International Monetary Fund (IMF)
- Organization Name
- International Monetary Fund (IMF)
- Description
The International Monetary Fund is an international organization that promotes global monetary cooperation, exchange rate stability, balanced international trade, and economic growth.
Key Facts
- Founded: 1944 (Bretton Woods Conference); operations began in 1945
- Members: 190 member states
- Managing Director: Kristalina Georgieva (Bulgaria), serving her second term until October 2029; she is the first person from an emerging market economy to lead the IMF.
- Functions: Provides financial assistance (loans), offers economic surveillance, technical assistance, and policy advice
- Special Drawing Rights (SDR): IMF's reserve currency unit, an international reserve asset
- Nepal relevance: Nepal is an IMF member; the IMF provides balance-of-payments support and economic policy advice.
Objectives
To ensure the stability of the international monetary system, facilitate international trade, and promote employment and sustainable economic growth.
- Headquarters
- Washington D.C., USA
- Founded Year
- 1944
- Current Head/SG
- Kristalina Georgieva
- Category
- Financial