What is the International Monetary Fund, and how does it work? By Cointelegraph

Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance structure and key functions.

The International Monetary Fund is a global institution with its main office in Washington, D.C. Its 190 member countries represent nearly the entire world. The main objective of the IMF is to promote economic growth and stability around the world by offering its member nations technical assistance, financial support and policy recommendations.

Objectives of the IMF

Financial inclusion

Innovation and efficiency

Risks and challenges

Cross-border implications

Central bank digital currencies (CBDCs)