Home » Finance » Foundation purpose and history of the IMF!

Foundation purpose and history of the IMF!

by Financial Economy

IMF (International Mometary Fund) is an organization that emerged with the aim of following the international financial order, auditing and organizing in areas such as exchange rates, stock exchange, payment plans. In addition, providing financial and technical support is among the duties of the IMF. Information about foundation purpose and history of the IMF is in rest of the article. You can browse here for financial news.

Foundation purpose and history of the IMF!

The IMF is headquartered in Washington DC, in the USA. The International Monetary Fund is an organization that aims to ensure global currency cooperation, financial stability, facilitate international trade, promote high employment and sustainable economic growth, and promote poverty alleviation all over the world. There are 189 member countries to this organization. The IMF was established in 1944 in Bretton Woods in New Hampshire, USA.

Dealing with international economic issues, the IMF was established in 1944, but started to work in 1947. Among the founding objectives of the IMF are the promotion of global economic cooperation, international trade, employment and exchange rate stability. In line with these goals, the financial resources of the IMF member countries should be made available to meet the balance of payments needs.

IMF founder John Maynard Keynes and Harry Dexter White. This organization, which was established with 45 member countries in the first place, has been chaired by many people since its establishment. Today, it is IMF Director Christine Lagarde, who took office in 2011 and is still on duty. This economic organization, which started its activities with 45 participants, gained new members in the future and some countries left their membership. The number of members of the IMF is 189 as of today. The last country to join the IMF is the Republic of Nauru.

For details: https://en.wikipedia.org/wiki/International_Monetary_Fund

Related Posts

Leave a Comment