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How the International Monetary Fund fosters global financial stability

The International Monetary Fund works to promote financial stability, prevent crisis and facilitate trade.

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The International Monetary Fund (IMF) and its 189 member countries work together to promote financial stability, prevent crisis and facilitate trade. The ultimate goals envisaged by the countries that created the IMF are global prosperity and peace.

Economic growth and financial stability make the world a safer place, and economic policy affects people, from the price of groceries to education, jobs, and prospects for the future. The goal is to have a solid economic foundation which helps countries withstand turbulence in the financial markets.

The IMF and its member countries cooperate for fostering global monetary cooperation and financial stability. The Fund does this by following the economic pulse of each of its member countries by collecting and evaluating data and providing advice on sound economic policies to help the world economy as a whole.

IMF also lends money in times of crisis. Countries in need address the IMF to borrow money from its members to alleviate the crisis and restore stability.

In times of global financial crisis, the Fund is ready to face the challenges confronting the global economy, tackling issues such as the role of women in the workforce, inequality, climate change and money laundering.

Michael Jermaine Cards is a business executive and a financial journalist, with a focus on IT, innovation and transportation, as well as crypto and AI. He writes about robotics, automation, deep learning, multimodal transit, among others. He updates his readers on the latest market developments, tech and CBD stocks, and even the commodities industry. He does management consulting parallel to his writing, and has been based in Singapore for the past 15 years.

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