International Monetary Fund

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The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C. Initially formed in 1945 with the goal of reconstructing the international payment system, it now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money.

There have been many criticisms of the policies imposed by the IMF on the countries borrowing money.

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