International Monetary Fund is an international financial institution established after World War II with the goal of regulating and stabilizing financial relationships among countries, and ensuring free flow of finance around the world economy. Based in Washington, D.C., it is governed by a system which grants disproportionate influence to the wealthier economies (based on their contribution to the Fund’s operating resources).
International Monetary Fund provides a vehicle for foreign exchange by assisting in stabilizing exchange rates in the world economic community.