THE International Monetary Fund (IMF), is a subsidiary of the United Nations, an international organisation consisting of 189 countries across the globe functioning to global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world - according to their website. The initial formation of the IMF consisted of 29 member countries in 1945 with the primary objective to reconstruct the international payment system. As of today it's main function is to manage the balance of payments difficulties and international financial crises.
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