International monetary fund (IMF)

During 2002, the International Monetary Fund (IMF) continued to work on the reform of the international monetary system and to focus on its core responsibilities, including helping to prevent financial crises among its members and assisting in the global fight against poverty. Despite increased demands on the Fund brought on by a weak international economy, which was further affected by the 11 September 2001 terrorist attacks in the United States, IMF continued to implement the strategy for poverty reduction and growth facility (PRGF) for its low-income developing countries and to assist the heavily indebted poor countries (HIPCs) through debt relief. IMF also examined its role in promoting an open trading system, trade liberalization and the need to cooperate closely with the World Trade Organization and the World Bank. In addition, it continued to contribute to international efforts to combat money-laundering.

Related Subject(s): United Nations