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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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The International Monetary Fund noted that global economic growth endured so far, but “rising inflation and narrowing buffers demand policy action now.” In its World Economic Outlook report, released on Tuesday under the title of “Resilience Under Strain, Urgent Choices,” the IMF said that global economic activity has…