Changes

The '''International Monetary Fund'' ('''IMF''') is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and [[balance of payments]], as well as offering technical and financial assistance when asked.

The '''International Monetary Fund''' ('''IMF''') is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and [[balance of payments]], as well as offering technical and financial assistance when asked.

The IMF keeps account of international [[balance of payments]] accounts of member states, and for members in financial distress can acts as a lender of last resort, e.g. currency crisis, problems meeting balance of payment when in deficit and [[Default|debt default]]. Membership is based on quotas, or the amount of money a country provides to the fund relative to the size of its role in the international trading system.  

The IMF keeps account of international [[balance of payments]] accounts of member states, and for members in financial distress can acts as a lender of last resort, e.g. currency crisis, problems meeting balance of payment when in deficit and [[Default|debt default]]. Membership is based on quotas, or the amount of money a country provides to the fund relative to the size of its role in the international trading system.