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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 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...

  • (China Daily)2017-05-16 07:34

    In 2013, Chinese President Xi Jinping launched the important cooperation initiative of building the Silk Road Economic Belt and the 21st Century Maritime Silk Road. To date, steady progress and fruitful results have been achieved in the implementation of the Initiative. The international community h...

  • By Zhang Yue(China Daily)2017-05-15 08:36

    China is capable of maintaining financial stability and will strike a proper balance - reducing leverage rates while sustaining economic growth - and the government's top priority will be preventing financial risk, Premier Li Keqiang said on Sunday. Li made the remark in a meeting with Christine Lag...

  • By Reuters - Xinhua(China Daily)2017-05-10 11:28

    TOKYO - The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly aging populations, warning that parts of the region risk "getting old before becoming rich". Asia has enjoyed substantial demographic dividends in the past decades, ...

  • (Xinhua)2017-05-06 13:10

    YOKOHAMA — The Belt and Road Initiative is very important and will certainly have a good impact on regional growth and prosperity, said Mitsuhiro Furusawa, deputy managing director of the International Monetary Fund (IMF), on Saturday. Proposed by China in 2013, the Belt and Road Initiative refers...

  • By Seán Nolan/hans Weisfeld/klaus Hellwig(China Daily)2017-04-27 07:20

    Workers from TBEA Shenyang Transformer Group Co assemble equipment in a plant in Shenyang, Liaoning province. [Photo by Zhang Wenkui/For China Daily]Almost three years into the sharp drop of global commodity prices, economic conditions have become very difficult for many of the world's 60 poorest co...

  • (Xinhua)2017-04-25 14:14

    BEIJING — Growth scares come and go in the Chinese economy, but they never eclipse its resilience. Once again, the doomsayers were caught out when China's statistics agency reported higher-than-expected growth of 6.9 percent in the first quarter, an eye-popping figure in a still precarious global ...

  • By Chen Weihua In Washington(China Daily)2017-04-25 10:02

    Jin Liqun, president of Asian Infrastructure Investment Bank.The World Bank Group and the China-led Asian Infrastructure Investment Bank signed an agreement on Sunday to strengthen cooperation and knowledge sharing between the two multilateral financial institutions.World Bank President Jim Yong Kim...

  • (Xinhua)2017-04-22 17:34

    WASHINGTON - China's economy is on track to reach its growth target of around 6.5 percent this year with financial risks "well under control," the country's central bank chief said on Friday. "The strong momentum has been maintained in the first quarter of 2017. The gross domestic product (GDP) grew...

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