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International Monetary Fund (IMF)

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The IMF

The purpose of the IMF

The IMF (International Monetary Fund) was created in an attempt to stabilize the international monetary system. This, as a primary goal, was approached through three core concepts: keeping track of the global economy and its member countries, lending to countries with balance of payments difficulties, and finally giving practical help to members. One purpose of the IMF in this approach was to be a lender of last resort by relieving and supporting developing countries in regions such as Asia, Africa, and South America. Furthermore, liberalization is central to the values of the IMF as, through a liberalized banking sector as well as the decrease of inflation, countries are incentivized to participate in the global economy.

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