Globally, there is about $1 trillion in hidden debt—borrowing for which a government is liable, but which is not disclosed to its citizens or to other creditors. Read more in our blog. https://lnkd.in/ers3p6G2
International Monetary Fund
International Trade and Development
Washington, DC 805,478 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
- https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
- Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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The recent surge in industrial policy measures—targeted government interventions—has been driven by large economies, with China, the EU, and the U.S. accounting for almost half of all new measures in 2023. More in this IMF blog. https://lnkd.in/eQtjbA4E
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The outlook for Asia and the Pacific in 2024 has brightened: we now expect the region’s economy will slow less than we previously projected, as inflation pressures continue to drop. We have raised our regional growth forecast for this year to 4.5 percent, up 0.3 percentage point from six months earlier. Read the new blog: https://lnkd.in/d5RPJr4w | Read the full report: https://lnkd.in/ezex3ZjN
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Now Available: our latest Asia and Pacific Regional Economic Outlook report. Watch the video below to learn more, read our new blog (https://lnkd.in/d5RPJr4w) and download the full report (https://lnkd.in/ezex3ZjN)
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Global public debt edged up to 93% of GDP in 2023 and remained 9 percentage points above the pre-pandemic level. The increase was led by the United States and China, the world’s two largest economies. Read why this matters in our blog. https://lnkd.in/eBWTuvkJ
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From electric vehicles to solar panels to future innovations, the global transition to clean energy is set to further heighten demand for critical minerals. With sub-Saharan Africa estimated to hold about 30 percent of the volume of proven critical mineral reserves, this transition—if managed properly—has the potential to transform the region. Policymakers can maximize the coming boom by developing critical minerals markets and processing industries. Read our new IMF country focus article. https://lnkd.in/eFfENZtx
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International Monetary Fund reposted this
Back in Riyadh! I am honored to take part in World Economic Forum's #SpecialMeeting24 to discuss ways to reignite global growth. It is also a fantastic opportunity to connect with Saudi authorities, global leaders, and celebrate the 50 years of the Islamic Development Bank (IsDB).
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Changes in housing and mortgage characteristics helped weaken monetary policy transmission in some countries and strengthen it in others. See our new blog for more. https://lnkd.in/evyWywZr
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We launch our latest Asia and Pacific Regional Economic Outlook report in Singapore on Tuesday, April 30th at 10am (April 29th at 10pm ET). Learn more: https://lnkd.in/e9zGQ33H
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In 2020, when tourism to Jamaica came to a halt, the country received emergency financing from the IMF, which enabled it to support its economy and people. https://imf.org/jamiaca