The International Monetary Fund (IMF) is a global financial institution that provides loans, technical assistance, and policy advice to member countries that are experiencing economic crisis or balance of payment problems. Other terms that can be used as synonyms of IMF are global monetary authority, worldwide lender of last resort, international funding agency, and global financial watchdog. In addition, some people also use alternate terms like global monetary organization, international financial institution, or global credit union to describe the IMF. Regardless of the name, the purpose remains the same - to promote international economic cooperation, ensure financial stability, and help countries achieve sustainable economic growth.