What is the International Monetary Fund?
Definition of International Monetary Fund: This is also known as IMF. It is an worldwide organization that consists of 185 countries that was build up as an effect of the United Bretton Woods Agreement for stabilizing the world currencies, low trading barriers and help the developing nations by using different ways by which they can make the payment of the debts. The main aim of IMF is to promote the international fiscal cooperation, exchange arrangements, exchange stability, for fostering the growth and high employment level. IMF also offers temporary financial help to the nations to create a balance in the payment adjustment. The IMF in 1995 started working on the standards of the data dissemination by guiding the member countries of IMF disseminate the financial and economic date to the common people. It also provides high leveraged loans, especially to the poor countries and has headquarters in Washington, DC. The activities of IMF are offered funds by the developed countries and are regarded as the main subject of disapproval, either by those countries that seek help from IMF or by the countries that balances the bill. Generally, the supporters and IMF promote a monetary approach. Due to this there are some devotees of the supply side economics disagree with the IMF.