The International Monetary Fund (IMF) monitors the global economy, provides financing to countries in balance-of-payments crises, and offers technical assistance on monetary and fiscal policy. It is one of the three pillars of the post-WWII economic order.
What Is the International Monetary Fund? The International Monetary Fund (IMF) is an international organization of 190 member countries that works to ensure the stability of the international monetary system — the system of exchange rates and international payments that enables countries to transact with each other. Founded in 1944 at the Bretton Woods Conference alongside the World Bank, the IMF is one of the three pillars of the post-World War II economic order, along with the World Bank and (