The International Monetary Fund (IMF) - Purposes

The purposes of the IMF are the following:

  1. to promote international monetary cooperation;
  2. to facilitate the expansion and balanced growth of international trade and contribute thereby to the promotion and maintenance of high levels of employment and real income;
  3. to promote exchange stability, maintain orderly exchange arrangements among member states, and avoid competitive currency depreciations;
  4. to assist in establishing a multilateral system of payments of current transactions among members and in eliminating foreign-exchange restrictions that hamper world trade; and
  5. to alleviate serious disequilibrium in the international balance of payments of members by making the resources of the Fund available under adequate safeguards, so as to prevent the members from resorting to measures that endanger national or international prosperity.

User Contributions:

Comment about this article, ask questions, or add new information about this topic: