What is the IMF's role in macroeconomic policy coordination?

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What is the IMF's role in macroeconomic policy coordination?

The IMF's role in macroeconomic policy coordination is to promote global economic stability and growth by facilitating cooperation among member countries. It provides a platform for member countries to discuss and coordinate their macroeconomic policies, including fiscal, monetary, and exchange rate policies. The IMF offers policy advice, technical assistance, and financial support to help countries align their policies and address common challenges. Through its surveillance function, the IMF monitors and assesses the economic policies of member countries, identifies potential risks, and recommends policy adjustments to promote stability and sustainable growth at the global level.