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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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  • By Chen Jia(China Daily)2017-12-08 08:02

    Global financial organizations acknowledged China's achievements in recent economic and financial reforms after a two-year comprehensive evaluation of the country's financial sector, while providing recommendations for enhancing risk supervision. The International Monetary Fund and the World Bank G...

  • (Xinhua)2017-11-11 13:44

    BEIJING — The logo of this year's Asia-Pacific Economic Cooperation (APEC) meeting in Vietnam shows 21 sunrays moving in a circular motion, symbolizing the spirit of cooperation among the bloc's 21 member economies. That spirit seems to be more imperative than ever as the global economy still stru...

  • By Chen Yingqun(chinadaily.com.cn)2017-11-01 16:47

    China needs to further address the problem of reliance on debt, which is still a big challenge amid the country's restructuring and rebalancing of economy currently, experts say.The International Monetary Fund released its October World Economic Outlook report in Beijing on Oct 31. A forum on China'...

  • By Chen Jia(China Daily)2017-10-31 07:36

    China's quality-focused growth model and its further opening-up will benefit the global economy and international governance systems, officials said.The emphasis on the quality of economic growth rather than quantity and stressing the environment protection issue in the report to the 19th National C...

  • (Xinhua)2017-10-30 16:51

    BEIJING - A leading Chinese investment firm Monday raised its forecast for China's economic growth in 2018, citing optimism on consumption and investment in property and manufacturing. The China International Capital Corp (CICC) raised its forecast for China's 2018 real GDP growth to 6.9 percent yea...

  • (Xinhua)2017-10-30 14:25

    BEIJING - China is determined to put growth quality before pace, but that will not hold the economy back from growing faster than most of other countries in the coming decade, according to experts. In a report delivered to the 19th National Congress of the Communist Party of China (CPC), the country...

  • By Alfred Schipke/zhang Longmei(China Daily)2017-10-21 08:42

    The International Monetary Fund's recent World Economic Outlook and China's strong economic performance suggest that now is the time to advance reforms.The World Economic Outlook highlights that the global recovery is gaining momentum, with growth now projected to reach 3.6 percent in 2017 and 3.7 p...

  • (Xinhua)2017-10-20 15:29

    BEIJING  - There has been remarkable progress in global use of the renminbi (yuan), which is set to continue, according to a central bank report. "The Chinese currency has taken steady steps on its global march and the yuan's use on the capital account has been liberalized steadily," said a People'...

  • (Xinhua)2017-10-19 09:39

    BEIJING - The third-quarter performance forecast reports from China's listed companies have beaten market expectations. As of Tuesday, more than 2,100 listed firms had disclosed their advance third-quarter financial reports, with 71.7 percent posting rising net profits or turning losses into gains, ...

  • (China Daily)2017-10-17 07:47

    Customers buy milk at a supermarket in Nanjing, East China's Jiangsu province. [Photo/VCG]THE INTERNATIONAL MONETARY FUND raised its forecast for China's economic growth this year to 6.8 percent on Wednesday. This is the fourth time this year the IMF has raised its forecast for China. Late last mont...

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