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Latest news on the International Monetary Fund (IMF), an organisation of 189 countries that works to promote global economic cooperation, improve the financial stability of its member countries, and provide financial assistance to countries in need. Founded in 1945, the IMF is headquartered in Washington, D.C. and is governed by a board of executive directors, who are appointed by the member countries. The IMF plays a key role in the global economy, providing financial assistance to help countries overcome economic crises, and offering advice and expertise to help countries improve their economic policies and performance.