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Financial institution and UN specialized agency
The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "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". The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises.
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Lee touts IMF-backed rise in Koreas potential growth, vows inclusive gains IMF outlook hints at rebound as Lee Jae-myung pledges broad-based benefits from renewed growth
A potential destabilizing factor is the fact that these optimistic predictions are almost entirely reliant on the growth of AI and the semiconductor boom that it has powered
President Lee Jae-myung described the International Monetary Fund’s (IMF) forecast that South Korea’s potential growth rate will rebound for a second