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Functions of the International Monetary Fund

1. Formulate and supervise exchange rate policies, current account payments and currency convertibility rules among member countries.

2. Provide emergency financial facilities when necessary to member countries experiencing balance of payments difficulties to prevent other countries from being affected.

3. Provide meeting venues for member countries on international monetary cooperation and consultation.

4. Promote international cooperation in the financial and monetary fields.

5. Promote the pace of international economic integration.

6. Maintain the international exchange rate order.

7. Assist member states to establish a regular multilateral payment system, etc.