The financial definition for International Monetary Fund (IMF):
An organization founded in 1944 to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short-term balance of payment problems.
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Bank for International Settlements (BIS)
Bank for International Settlements (BIS) An international bank headquartered in Basel, Switzerland, which serves
as a forum for monetary cooperation among several European central banks,
the Bank of Japan, and the US
Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international
banking activity and promulgates rules concerning international bank regulation.