Which organization is comprised of 189 countries focused on monetary cooperation and reducing poverty?

The organization that comprises 189 countries, focusing on monetary cooperation and reducing poverty, is the International Monetary Fund (IMF). The IMF plays a crucial role in fostering international financial stability and providing the necessary funding to countries facing economic difficulties. It aims to promote global monetary cooperation and facilitate trade by providing resources to its member countries under various circumstances, including those experiencing balance of payments problems.

The IMF is also involved in surveillance of economic and financial developments and provides policy advice and technical assistance to help member countries implement effective economic policies. This emphasis on monitoring and cooperation is particularly relevant in fostering sustainable economic growth and alleviating poverty.

While the World Bank is also focused on reducing poverty, its primary mission centers around providing long-term loans and investment in infrastructure and social projects, rather than the monetary cooperation aspect the IMF embodies. The World Trade Organization (WTO) primarily deals with trade relations and agreements rather than directly addressing monetary issues or poverty reduction. The United Nations Development Programme (UNDP) centers on global development and poverty reduction through aid and development projects but does not specifically focus on monetary cooperation.