The International Monetary Fund (IMF) is an organization formed to stabilize international exchange rates and facilitate development. It aims to strengthen member economies by making funds available, promote exchange stability, facilitate balanced trade growth, lessen disequilibrium in international balances of payments, and reduce poverty by enabling sustainable growth. The IMF monitors members' economies and policies, provides loans to countries with depleted reserves, stagnant economies, and rising bankruptcies, and keeps records of members' allocations and holdings of Special Drawing Rights, a supplementary reserve asset.