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The International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement. It originally had 45 members. The IMF's stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post-World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and policies, the IMF works to improve the economies of its member countries. The IMF describes itself as “an organization of 188 countries (as of April 2012), working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty.” The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs. Its headquarters are in Washington, D.C.
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  • (Xinhua)2017-03-19 06:46

    BEIJING - China will remain a strong engine of global recovery with its ongoing economic reforms, an official with the International Monetary Fund (IMF) said Saturday."Steering its economy to a sustainable path will benefit China itself and the world as a whole," said IMF Deputy Managing Director Zh...

  • (China Daily)2017-03-17 08:13

    France Bomb explodes at Paris office of IMF A letter bomb exploded Thursday at the French office of the International Monetary Fund, lightly injuring one person, according to Paris police. Staff from the IMF office were evacuated and armed military officers and police guarded the area, in a chic dis...

  • (China Daily)2017-03-17 07:33

    Base metals output increases quickly China's base metals output rose quickly in the first two months of this year, government data showed on Thursday, as the country's smelters ramped up production driven by rising prices. Aluminium output posted a significant year-on-year growth of 15.6 percent to ...

  • (Xinhua)2017-03-10 09:24

    WASHINGTON - China's current strong economic momentum is likely to maintain its growth target of around 6.5 percent for 2017, but the country needs implement more reforms to embark on a more inclusive and sustainable growth path, the International Monetary Fund (IMF) said on Thursday. "We continue t...

  • By Dan Steinbock(chinadaily.com.cn)2017-03-07 15:28

    Premier Li Keqiang delivers the Government Work Report during the opening meeting of the fifth session of the 12th National People's Congress at the Great Hall of the People in Beijing, March 5, 2017. [Photo by Xu Jingxing/China Daily] After political consolidation, China is ready to begin a broade...

  • By Zhang Yunbi(China Daily)2017-02-21 07:31

    Beijing will expand economic aid as ties 'ready for another start' China extended its support to Mongolia on Monday for overcoming economic difficulties, as Foreign Minister Wang Yi announced a number of measures to help the debt-ridden neighbor. Observers said that since the bilateral ties are emer...

  • By Associated Press In Beijing(China Daily)2017-02-20 08:13

    The International Monetary Fund said on Sunday that it and other partners have agreed on terms for a more than $5 billion loan package to the Mongolian government to help get the north Asian country's economy back on track. The deal is subject to approval by the IMF's executive board, which is expec...

  • (Xinhua)2017-01-24 09:21

    BEIJING - Despite the challenges of transitioning to a more innovation and service-driven economy, China in 2016 pushed forward key reforms and achieved steady growth, with many international agencies and banks sanguine about China's growth outlook this year. End on a strong noteSupported by consume...

  • (Xinhua)2017-01-23 11:03

    BEIJING - Doom-mongers on the Chinese economy have relentless energy to question the country's performance, but a string of upbeat economic data should give them the chance to take a break. The world's second largest economy reported 6.7 percent GDP growth in 2016, the lowest level in nearly three d...

  • By Raymond So(China Daily)2017-01-23 06:55

    Last week the International Monetary Fund (IMF) published a report reaffirming Hong Kong's stance on maintaining prudent policies on public finance. In addition, the IMF also praised Hong Kong's financial system, saying it will be able to cope with external shocks. In summary, the IMF is optimistic ...

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