The International Monetary Fund (IMF) was formed on December
27, 1945, and it officially began its operations on March 1, 1947. The
IMF was established with the goal of promoting international monetary
cooperation, exchange rate stability, balanced trade growth, and the
financial stability of its member countries. The organization provides
policy advice, financial assistance, and technical assistance to its
member countries to help them address economic challenges and maintain
stability in the global financial system.
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