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This paper explains the primary aim behind the founding of the IMF. The IMF is a cooperative institution that 181 countries have voluntarily joined because they see the advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money can take place between countries smoothly and without delay. The IMF lends money to members having trouble meeting financial obligations to other members, but only on condition that they undertake economic reforms to eliminate these difficulties for their own good and that of the entire membership.

An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world's poorest countries. Reprinted in 2003. Revised July 2004.

An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world's poorest countries. Reprinted in 2003. Revised July 2004.

An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from. Gives details of the structure of the IMF, its increasing transparency, how it provides technical assistance to member countries, its role in crisis prevention, and how it is helping the world's poorest countries. Reprinted in 2003. Revised July 2004.

IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.

This volume contains decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relating to current activities of the Fund.

IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.