IMF: International Monetary Fund

The IMF is an organization that oversees the global financial system. It is also an organization that formed to stabilize international exchange rates and facilitate development.  There are three main things that the International Monetary Fund deal with, they include surveillance, lends to other countries, and they providing technical assistance. These three things are used to strengthen financial sectors of the economy. 

Surveillance involves the monitoring of economic and financial developments, and the provision of policy advice. Surveillance is important because in today's globalized economy the decisions of one country affect many other countries also. There are two different types of surveillance the IMP deals with. The first is multilateral surveillance, this is an oversight of the worlds economy. The second is bilateral surveillance, this section comprises appraisal of and advice on the policies of each country that is a member of the IMF. 

Lending is a major responsibility of the IMF. They are responsible to provide loans to member countries experiencing payment balancing problems. Since they lend money, it gives countries a chance to rebuild their international reserves. Unlike developing banks, the IMF does not lend for specific projects, they lend to countries who are going to fail. By doing this they are able to help a lot of countries out when they are in desperate times of need.

One of the most important things the IMF does is provide technical assistance. By doing this they are able to support the developments of the member countries by  helping them effectively manage their economic policy and financial affairs. About 90% of the IMF's technical assistance goes to low and middle-class income countries, and post-conflict countries. By helping  countries reduce weaknesses the technical assistance they provides a more robust and stable global economy. 

The IMF is a great organization that helps many countries with their issues dealing with finances. Surveillance, lends, and technical assistance are only a few of the things they do. These three things combined all help to strengthen the international financial system, and all the financial sectors of the economy. This organization is rapidly growing and continues to help countries in need.