International Monetary Fund is a financial institution.
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| IMF |
Managing Director: Kristalina Georgieva
Member: 190 member
Official language: English
Parent organization: United Nations
After the Great Depression of 1930, the International Monetary Fund was established in 1944.
France was the first country to borrow from IMF.
Purpose: International Monetary Fund do three main functions follow -
*Surveillance
*Financial assistance
*Technical assistance
History: The International Monetary Fund officially came into existence in 1945 with 29 member countries.
The IMF was created in 1944 at the Bretton Woods conference to rebuild Europe after World War II.
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