International Monetary Fund

:This page is about the International Monetary Fund; IMF can also mean the International Metalworkers' Federation, a global union federation.

History

Agreement for its creation came at the United Nations-sponsored Monetary and Financial Conference in Bretton Woods, New Hampshire, United States, on July 22, 1944. The principal architects of the IMF at the Bretton Woods Conference were Fabian Society member John Maynard Keynes and the Assistant Secretary of the United States Treasury, Harry Dexter White. The Articles of Agreement came into force on December 27, 1945, the organization came into existence in May 1946, as part of a post-WWII reconstruction plan, and it began financial operations on March 1, 1947.

Related Topics:
United Nations - Monetary and Financial Conference - Bretton Woods, New Hampshire - United States - July 22 - 1944 - Fabian Society - John Maynard Keynes - United States Treasury - Harry Dexter White - December 27 - 1945 - May - 1946 - WWII - March 1 - 1947

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It is sometimes referred to as "a Bretton Woods institution", along with the Bank for International Settlements (BIS) and the World Bank. Together, these three institutions define the monetary policy shared by almost all countries with market economies.

Related Topics:
Bank for International Settlements - World Bank

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