what is international monitory fund ??explain. Related: Subjective Question and Answers - Democracy in the Contemporary World, Social Science Class 9

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The International Monetary Fund (IMF) is the central institution embodying the international monetary system and promotes balanced expansion of world trade, reduced trade restrictions, stable exchange rates, minimal trade imbalances, avoidance of currency devaluations, and the correction of balance-of-payment problems. The IMF's goal is to prevent and remedy international financial crises by encouraging countries to maintain sound economic policies. Because of its size, the IMF is also a forum for discussion of global economic policies.

The IMF is headquartered in Washington, D.C., but has offices in Paris, Tokyo, New York, and Geneva.

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