International Monetary Fund (IMF)

Definition

IMF. An organization set up in 1944 to lower trade barriers between countries and to stabilize currencies by monitoring the foreign exchange systems of member countries, and lending money to developing nations.

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The goal of the International Monetary Fund (IMF) is to promote economic growth around the world.

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The international monetary fund was able to reach out to small nations in need of help make an offer they could not refuse.

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My wife really wanted to help developing countries have a stable economy and be able to trade with other countries, so she went to work for the International Monetary Fund.

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Special Drawing Rights Bretton Woods agreement