International Monetary Fund (IMF)

  • In 1944, representatives of 44 nations met in Bretton Woods, New Hampshire, USA to draw up a plan for the post-World War II economic order to avoid a repetition of the destructive policies that could spark another conflict. They created the IMF to promote international monetary cooperation.
  • IMF is an international organisation with the primary purpose to ensure the stability of the international monetary system, the system of exchange rates and international payments that enables countries and their citizens to transact with each other. Its mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on ....
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