Everything you need to know about INTERNATIONAL MONETARY FUND(IMF): news, reviews, in-depth analysis, opinion and more

International Monetary Fund headquartered in Washington USA is a particularized international organisation, which eyes on the global financial system and macro economic policies as well as rates of exchange and balance of payments of its member countries. The objective of the organisation is to stabilize exchange rates and advocate the reconstitution of the payment system of the world. IMF is constituted of 185 countries in the world. It works to facilitate the Global financial cooperation, secure monetary stability. Enhances employment and promote economic growth and the reduction of poverty. In 1995 IMF came out with a new system called Data Dissemination system by which all the IMF members will be abided by its rules and guidelines and will disseminate their economic and financial data to the public. The initial purpose of International Monetary Fund is to offer financial cooperation to the countries that are encountering with a large financial and economic loss. Also in order to bring equilibrium in the International monetary market all the countries will try their best so that no country will be hurt. The agency has its executive and governing body and the chief is the managing director in the summit of all resolutions that are passed to carry out them effectively. Mr. Straus Kahn is the current managing director of IMF who heads the organisation and is responsible to work out the issues among its members.