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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 Zhong Nan In Dalian, Liaoning(China Daily)2017-06-29 07:46

    IMF to set up ability training centers in economies involved in the initiative Leading officials from international financial institutions - including the IMF - on Wednesday urged governments and companies to speed up their financial connectivity and forge closer links with the private sector, to pa...

  • By Zhong Nan In Dalian, Liaoning Province(chinadaily.com.cn)2017-06-28 17:01

    Senior officials from international financial institutions have urged governments and companies to accelerate the pace of financial connectivity and build closer relations with the private sector to participate in infrastructure projects related to the Belt and Road Initiative.International Monetary...

  • (Xinhua)2017-06-15 10:08

    BEIJING - China has the potential to "safely sustain strong growth" over the medium term as it continues to move onto a more sustainable growth path and advance reforms, a senior official with the International Monetary Fund (IMF) has said. IMF staff projected China's growth in 2017 at 6.7 percent, ...

  • By Wang Yanfei(China Daily)2017-06-15 07:33

    Key economic indicators for the first five months of the year that were released on Wednesday show that the economy's growth momentum remains, though additional reform is needed to improve the economic structure, according to senior officials at the International Monetary Fund and other experts. Als...

  • By Wang Yanfei(chinadaily.com.cn)2017-06-14 15:26

    The International Monetary Fund on Wednesday raised China's GDP growth forecast for 2017 to 6.7 percent, compared to its previous forecast of 6.6 percent."China continues to transition to a more sustainable growth path and reforms have advanced across a wide domain," said First Deputy Managing Direc...

  • By Cheng Shi(chinadaily.com.cn)2017-06-14 13:59

    A worker assembles a robotic arm at a factory in Foshan, Guangdong province. [Provided to China Daily]On May 24, Moody's downgraded China's sovereign credit rating to A1 from Aa3. From the reasons given for the downgrade, we see that the international rating agencies still hold hackneyed prejudices ...

  • (China Daily)2017-06-14 07:13

    Hong Kong signs up to the AIIB The Hong Kong Special Administrative Region has officially become a member of the Asian Infrastructure Investment Bank, the government of the SAR said on Tuesday. Paul Chan, Hong Kong's financial secretary, said that its expertise in the financial services sector can c...

  • (Xinhua)2017-06-13 17:43

    BEIJING - China's Ministry of Finance (MOF) said Tuesday it will issue yuan-denominated treasury bonds worth 14 billion yuan ($2.06 billion) and 2 billion yuan of US dollar-denominated sovereign bonds overseas this year. The 14 billion yuan of treasury bonds will be sold in Hong Kong in two equal ro...

  • By W. Raphael Lam And Alfred Schipke(China Daily)2017-05-22 08:01

    The outlook for Asia and the Pacific is the strongest in the world, but it is shrouded by challenges at home and abroad, according to the latest International Monetary Fund report for the region. The April 2017 report, Regional Economic Outlook for Asia and Pacific: Preparing for Choppy Seas, says p...

  • By Christine Lagarde(China Daily)2017-05-16 08:07

    When I first heard about the Belt and Road Initiative, I thought about something simple and straightforward - like a fragrant cup of tea. For centuries, tea has brought cultures, communities, and people closer together. For centuries, tea has connected economies through trade and investment. And onl...

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