International Monetary Fund
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.