Photo credit: UN Photo/Rick Bajornas.
International Monetary Fund
Abbreviation
IMF
Summary
The International Monetary Fund is an autonomous organization linked to the United Nations through special agreements. The IMF portfolio includes working to gather and analyze information related to anti-money-laundering (AML) and combating the financing of terrorism (CFT). Especially since 2001, the IMF has expanded its AML and CFT efforts. The IMF provides assessments and is involved in shaping policy and assisting with capacity building in member countries, including on AML and CFT matters. Among other recent projects, the IMF has developed donor-supported Topical Trust Funds that, in conjunction with existing funding, finance its capacity-building efforts.
Members
The IMF currently has 188 members. According to its website, “[t]he IMF collaborates with the World Bank, regional development banks, the World Trade Organization (WTO), UN agencies, and other international bodies. While all of these organizations are involved in global economic issues, each has its own unique areas of responsibility and specialization. The IMF also works closely with the Group of Twenty (G-20).”
Website
http://www.imf.org/external/index.htm
Entry drafted by PILAC Research Assistant Carson Cook, with research support from PILAC RA Svitlana Starosvit. Entry last updated: January 2015.