Role of IMF

Source

What the IMF Does

The work of the IMF is of three main types.

Surveillance involves the monitoring of economic and financial developments, and

the provision of policy advice, aimed especially at crisis-prevention.

The IMF also lends to countries with balance of payments difficulties, to provide temporary financing and to support policies aimed at correcting the underlying problems; loans to low-income countries are also aimed especially at poverty reduction.

Third, the IMF provides countries with technical assistance and training in its areas of expertise.

Supporting all three of these activities is IMF work in economic research and statistics.

In recent years, as part of its efforts to strengthen the international financial system, and to enhance its effectiveness at preventing and resolving crises, the IMF has applied both its surveillance and technical assistance work to the development of standards and codes of good practice in its areas of responsibility, and to the strengthening of financial sectors.

The IMF also plays an important role in the fight against money-laundering and terrorism

Strengthening the International Financial System
Transparency
Standards and Codes

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Data Standards Established to guide countries in the provision of their economic and financial data to the public

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Fiscal Transparency Facilitates surveillance of economic policies by country authorities, financial markets, and international institutions.

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Transparency in Monetary & Financial Policies Principles related to transparency for monetary and financial policies that central banks and financial agencies should seek to achieve

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Financial Sector
Financial Sector Assessment Program (FSAP)

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Assessments of Offshore Financial Centers (OFCs)

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Anti-Money Laundering

Crisis Resolution

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