The IMF is turning 80. F&D magazine’s June issue is using the occasion to reflect on how the Fund has adapted over the years, and to explore the challenges facing the institution in the future. We invited leading economists and other eminent thinkers to share their vision of an “IMF for Tomorrow.” Contributors include Barbados’ Prime Minister Mia Amor Mottley, Kenyan President William Ruto, Raghuram Rajan of the University of Chicago, the Financial Times’ Martin Wolf, and IMF Managing Director Kristalina Georgieva. Read the whole issue here. https://lnkd.in/gugBfune
International Monetary Fund
International Trade and Development
Washington, DC 823,661 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
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https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
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Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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There were more than 2,500 industrial policy interventions in 2023, of which more than two thirds were trade-distorting as they likely discriminated against foreign commercial interests. Read this IMF blog to learn more. https://lnkd.in/eQtjbA4E
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Almost two-thirds of countries in the Middle East and Central Asia are exploring the adoption of central bank digital currencies (CBDCs) to improve financial inclusion and the efficiency of cross-border payments. The IMF is supporting policymakers in evaluating the need for CBDCs and crafting strong policies and regulatory frameworks to minimize risks. Learn more about the potential benefits and challenges of CBDCs in our blog. https://lnkd.in/e95hFQwu
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The International Monetary Fund has been at the forefront of global economic cooperation for 80 years. From our founding at Bretton Woods to today's complex challenges, we have adapted our tools and expertise to support our 190 member countries. Our mission remains the same: bringing prosperity to the world through financial cooperation, sustainable growth, and inclusive economic policies. In a fast-changing world, the IMF is there to help economies grow so that everyone can prosper.
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As we mark the 80th anniversary of the Bretton Woods Conference, the International Monetary Fund and the World Bank Group are looking ahead to the challenges and opportunities of the future. Today, we launch our "Bretton Woods at 80" initiative, focusing on pressing global issues including climate change, environmental protection, pandemic preparedness, conflict resolution, and digital adaptation. The initiative, led by Sri Mulyani Indrawati, Minister of Finance of Indonesia; Patrick Achi, former Prime Minister of Côte d'Ivoire; and Mark Malloch Brown, former Deputy Secretary-General of the UN, alongside the IMF's Kristalina Georgieva and the World Bank's Ajay Banga, will bring together global stakeholders to envision a long-term view on the future of the world economy and explore how we can best continue to serve global stability and progress on a livable planet. Learn more:
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Explore how the IMF has navigated major global shocks in our latest F&D article, with charts visualizing the IMF’s crucial interventions and reforms. From addressing debt crises to managing global recessions, see how the IMF has been pivotal in steering economic stability. https://lnkd.in/eMgkSHQz
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Women allocate more time to unpaid work while dedicating less time to paid work and leisure activities. New research by the IMF and United Nations Population Fund (UNFPA) examines how policies can help balance the unequal distributions of care burdens. https://lnkd.in/edm9EVDC
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The IMF Executive Board has completed the second review of Ghana's IMF-supported program, approving an immediate disbursement of about $360 million. Ghana's performance under the program has been strong, with most targets met and good progress on debt restructuring and key reforms. The country's economic outlook is favorable, though subject to risks. Sustaining policy adjustments and reforms will be essential to fully restore economic stability and debt sustainability, while fostering sustainable growth and poverty reduction. Press release: https://lnkd.in/eqjEz2Gb Frequently Asked Question: https://lnkd.in/eZyTZ6ud
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Today the IMF Executive Board completed the 4th review of Ukraine’s program, enabling an immediate disbursement of US$2.2 billion to the country, part of the 4-year US$15.6 billion arrangement to support economic stability. Despite the ongoing war, performance under the program remains strong and the Ukrainian economy continues to show remarkable resilience. Our latest review focuses on policies to navigate headwinds to the outlook and reforms to support stability and growth. Read the main takeaways in the latest Press Release: https://lnkd.in/exBvNWi7
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In this week’s Weekend Read, we cover the US economy’s remarkably strong performance and fiscal reform in the Dominican Republic. We note that the sovereign debt restructuring agreements are taking shape at a faster pace. Our Chart of the Week maps out the world’s AI Preparedness Index. Read Masood Ahmed’s piece on climate change and the IMF in Finance & Development Magazine and listen to a podcast on Nigeria’s financial stability. Key message: The US economy is remarkably strong, says IMF Managing Director Kristalina Georgieva
Weekend Read: Georgieva on the US Economy | Sovereign Debt Restructuring Process Improving | Dominican Republic Country Focus
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