International Monetary Fund (IMF)

an international monetary and financial organization that promotes the development of international trade and monetary cooperation by establishing norms for regulating exchange rates and monitoring their observance, a multilateral payment system and eliminating currency restrictions; providing foreign exchange resources to its members in case of foreign exchange difficulties associated with the imbalance of balances of payments. The IMF is a specialized agency of the UN; created in 1944 at the international monetary and financial conference in Bretton Woods