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International Monetary Fund (IMF)

IMF is a specialized United Nations agency, created in 1945, that promotes international monetary harmony, monitors the exchange rate and monetary policies of member nations and provides credit for member countries that experience temporary balance of payment deficits. Each member country has a quota, which reflects both the relative size of the member´s economy ant the member´s voting power in the Fund. Over 180 countries are members of the IMF. See also World Bank Group. Website.

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