IMF
International Monetary Fund (IMF) Introduction The international monetary fund (IMF) was initiated in 1944 during the Bretton Woods Conference and formally created in 1945 with a membership of 29 countries. The main IMF goal was stated as to assist in the reconstruction of the world’s international payment system post the Second World War. Countries contributed money and put it in a pool through a quota system from where countries which had an imbalance in trade could borrow. Ever since the membership of the IMF has grown to 188 countries of the world and the main goal changed to fostering ...
