The International Monetary Fund is the world’s central organization for international monetary cooperation. With 188 member countries, it is an organization in which almost all of the countries in the world work together to promote the common good. The IMF, which oversees the international monetary system to ensure its effective operation, has among its key purposes to promote exchange rate stability and to facilitate the expansion and balanced growth of international trade. This enables countries (and their citizens) to buy goods and services from one another and is essential for achieving sustainable economic growth and raising living standards.
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