WHATEVER THE CONDITIONS OF PEOPLE’S LIVES, WHEREVER THEY LIVE, HOWEVER THEY LIVE, WE ALL SHARE THE SAME DREAMS.
WHATEVER THE CONDITIONS OF PEOPLE’S LIVES, WHEREVER THEY LIVE, HOWEVER THEY LIVE, WE ALL SHARE THE SAME DREAMS.
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About the IMF
About the IMF
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership
Why the IMF was created and how it works
The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.
The IMF's responsibilities: 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 transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
FACTSHEETS
FACTSHEETS
Membership: 189 countries
- Headquarters: Washington, D.C.
- Executive Board: 24 Directors each representing a single country or a group of countries
- Staff: Approximately 2,700 from 148 countries
- Total quotas: US$668 billion (as of 9/13/16)
- Additional pledged or committed resources: US$ 668 billion
- Committed amounts under current lending arrangements (as of 9/8/16): US$159 billion, of which US$144 billion have not been drawn (see table).
- Biggest borrowers (amounts outstanding as of 8/31/16): Portugal, Greece, Ukraine, Pakistan
- Biggest precautionary loans (amount agreed as of 9/8/16): Mexico, Poland, Colombia, Morocco
- Surveillance consultations: 130 consultations in 2013 and 132 in 2014, and 124 in 2015
- Capacity development: 274 person years in FY2013, 285 in FY2014, and 288 in FY2015
- Original aims:
- promote international monetary cooperation;
- facilitate the expansion and balanced growth of international trade;
- promote exchange stability;
- assist in the establishment of a multilateral system of payments; and
- make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
For more information about access and directions to the IMF headquarters buildings, please see Directions and Access to IMF Headquarters.
Headquarters 1 (HQ1):
International Monetary Fund, 700 19th Street, N.W., Washington, D.C. 20431
Headquarters 2 (HQ2):
International Monetary Fund, 1900 Pennsylvania Ave NW, Washington, DC, 20431
Telephone Operator: +1 (614) 547 2922
SWIFT: IMFDUS3WXXX
Business Hours
- Monday–Friday: 8:30 a.m. to 6:00 p.m. (ET).
- Saturdays, Sundays, and holidays*: closed.
- *For holiday schedule, please see the IMF Business Hours, Holidays, and Emergency Closurespage.
Comments or questions about the IMF's website: contact IMF Webmaster
Please contact staff members through the telephone operator [+1 (614) 547 2922] to request his or her e-mail address. For specific inquiries, please use the addresses and telephone numbers listed below.
Tel: +1 (614) 547 2922
email: media@imf.org
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