International Monetary Fund (IMF)
According to the IMF’s projections, India is one of the world’s fastest-growing economies and is set to surpass Japan to become the fourth-largest economy in the world.
Furthermore, the IMF predicts that India will later overtake Germany to become the third-largest economy globally.
Headquarters: Washington, D.C., United States
Established: 1944 – at the Bretton Woods Conference
Began operations: 1945
Objectives:
To promote global monetary cooperation and stabilize international exchange rates.
To assist member countries facing balance of payments problems and currency crises.
To promote international trade and economic growth.
To provide financial support to member countries and regulate currency fluctuations.
