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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 has made a second home in Singapore for the past 15 years. As a business executive and a financial journalist, he has seen first hand the spectacular rise of Asia’s most prosperous country, especially in the IT sector. Today he still gets a front seat at the latest market developments, stock movements, and IT innovations. He keeps close to the Western fintech sphere through his contacts in his native New York. A family man with one son, he does business consulting in parallel to his writing.

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