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International Monetary Fund (IMF)

The International Monetary Fund (IMF) is an international governmental organization operating as a specialized agency of the United Nations. Headquartered in Washington, D.C., the IMF was established to manage the international financial and balance-of-payments systems and to help its members manage their currencies and national financial accounts. As outlined in the IMF’s charter, its articles of agreement, the institution’s primary purposes include promoting international monetary cooperation and exchange stability, thereby aiding the expansion of international trade and, ultimately, the overall economic prosperity of its members by helping maintain high levels of employment and increase real income levels.

The IMF’s membership comprises only countries recognized as sovereign nation-states. There is no provision for joint membership of economic or monetary unions of states, such as the European ...

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