International Monetary Fund
Location
District of Columbia
Founded
1947-02-28
Website
https://www.imf.org
Articles
1489 Articles
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Libraries
Description
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
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2024-04-10 (investmentofficer.lu)
IMF sounds alarm over perils in private credit markets
The International Monetary Fund (IMF) this week issued a dire warning concerning the rapidly expanding private credit sector. With Luxembourg standing as a pivotal hub for private credit in both Europe and globally, the IMF 's cautionary stance merits serious attention from the Grand Duchy 's
Read more2024-01-04 (recapitalnews.com)
IMF warns commercial real estate stress is ‘intensifying’
The Washington DC-based agency says the sector is a salient near-term risk to global financial stability.
Read more2023-07-10 (reuters.com)
Fitch upgrades Pakistan's sovereign rating to CCC after IMF deal
Fitch credit rating agency on Monday upgraded Pakistan's long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country reeling under its worst economic crisis.
Read more2023-06-21 (aawsat.com)
IMF Develops Global Central Bank Digital Currency Platform
Digital currencies strengthen the resilience and efficiency of payment systems but if poorly designed, they could also lead to financial stability and integrity risks, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said.
Read more2023-04-11 (imf.org)
IMF Approach to Central Bank Digital Currency Capacity Development
The global central banking community is actively exploring Central Bank Digital Currencies (CBDCs), which may have a fundamental impact on both domestic and international economic and financial stability. Over 40 countries have approached the IMF to request assistance through CBDC capacity
Read more2023-03-31 (imf.org)
The IMF Board approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 11.6 billion (about US$15.6 billion) as part of a US$115 billion total support package for Ukraine.
Ukraine’ s EFF-supported program aims to anchor policies that sustain fiscal, external, price and financial stability and support economic recovery, while enhancing governance and strengthening institutions to promote long-term growth in the context of post-war reconstruction and Ukraine’ s path to
Read more2023-03-31 (imf.org)
Standards and Codes The Role of the IMF
Standards and codes are the “rules of the game” used when devising and implementing economic and financial policies. Countries that“ play by the rules” tend to have better economic performance and greater financial stability, so it’ s in their interest to abide by internationally recognized
Read more2022-11-21 (imf.org)
The Twelfth IMF-Japan High-Level Tax Conference for Asian Countries (Hybrid)
Global Financial Stability Report, October 2023: Financial and Climate Policies for a
Read more2022-11-10 (moodys.com)
Moody's changes Papua New Guinea's outlook to stable from negative; affirms B2 rating
<p>Press release coverage on rating actions that Moody's has taken on issuers.</p>\n
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