International Monetary Fund

International Monetary Fund

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The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world". The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises. Established in July 1944 at the Bretton Woods Conference based on the ideas of Harry Dexter White and John Maynard Keynes, the IMF came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. For its first three decades, the IMF oversaw the Bretton Woods system of fixed exchange rate arrangements.
Run byJohn Maynard Keynes (co founder)
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📚 Books · 3

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A Tract on Monetary Reform
John Maynard Keynes
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The Economic Consequences of the Peace
John Maynard Keynes
The General Theory of Employment, Interest and Money
John Maynard Keynes

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