• IMF is an international organization that provides loans, technical assistance, and policy advice to its member countries.
• It was established in 1944 with the goal of promoting international monetary cooperation and exchange rate stability, facilitating balanced economic growth, and reducing poverty around the world.
• It has 190 member countries, and its headquarters is located in Washington, D.C.
• Its main function is to provide financial assistance to countries facing economic difficulties, such as the balance of payments problems, currency crises, and high levels of debt.
• It also provides technical assistance and policy advice to help countries improve their economic policies and institutions, and to promote economic stability and growth.

Governing of IMF

• The IMF is governed by its Board of Governors, which consists of one governor and one alternate governor from each member country.
• The day-to-day operations of the IMF are managed by its Executive Board, which is responsible for making decisions on financial assistance and policy advice.

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