International Monetary Fund

International Monetary Fund (IMF) is an organization of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate trade, promote high employment. The IMF was established in 1944 in the aftermath of the Great Depression of the 1930s. 44 founding member countries sought to build a framework for international economic cooperation. It accomplishes this both directly (through the use of bailout packages) and indirectly through its various fiscal monitors.