IMF was created in 1945 and is governed by and accountable to 189 countries that make up its near-global membership. The main purpose of IMF is to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It provides 0% interest loans to low income countries.

Its reports on global financial stability, economic outlook and fiscal monitor are widely tracked by investors across the globe.

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