The abbreviation of the IMF stands for International. The English name of the fund is the International Monetary Fund, abbreviated IMF .
The IMF is an influential international organization under the auspices of the United Nations, providing loans to governments of different countries, both developing and fully developed.
The IMF was founded in December 1945 with the participation of the famous American economist Maynard Keynes. In March 1947, the IMF began to issue loans. In order to obtain a loan from the IMF, the government of the borrowing country must fulfill a number of IMF conditions and recommendations, which are mainly aimed at increasing the stability of the financial system of the borrowing state.