The International Monetary Fund is the institution the 1944 Bretton Woods Conference created to oversee the postwar system of fixed exchange rates centered on the US dollar and gold and to provide short-term financial assistance to member countries facing balance-of-payments difficulties. It began operating in 1945 alongside the World Bank as one of the two Bretton Woods institutions.
Facts
Founded Year Founded Date Headquarters700 19th Street NW, Washington, D.C., United States 2 Classification
Institution TypeInternational or Intergovernmental Body 1 Connections
Founded By
Source Bretton Woods Conference (Office of the Historian)
In the Other Atlases
Same As
Also in Economics Atlas: the same subject.
Sources
1. Bretton Woods Conference (Office of the Historian)
U.S. Department of State, Office of the HistorianQuote
The IMF was charged with overseeing a system of fixed exchange rates centered on the U.S. dollar and gold.
2. International Monetary Fund (Wikipedia)
Wikimedia FoundationHistory section
The IMF formally came into existence on 27 December 1945, when the first 29 countries ratified its Articles of Agreement.
Infobox
700 19th Street NW, Washington, D.C., U.S.
In Group: Global Intergovernmental Organizations, Lead paragraph
a specialized agency of the United Nations
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