India will host a high-level IMF conference on Asia’s economic performance next month that will explore the next stage of policy challenges in the region to maintain growth while boosting jobs and reducing inequality. To be co-hosted by the Indian government, the three-day conference from March 11-13 in New Delhi will take stock of Asia’s strong economic performance, its increased resilience to shocks, and the region’s economic policy challenges. Prime Minister Narendra Modi and IMF Managing Director Christine Lagarde will address the meet.
What is IMF?
It is an international organization headquartered in Washington, D.C., with 188 member countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
It was formed in 1944 at the Bretton Woods Conference, butit came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.