The IMF was founded, alongside the World Bank, as a result of the Bretton Woods conference in 1944.
A gentleman’s agreement stemming from the founding meetings—at which the only European representation was British—holds that an American will always occupy the top spot of the World Bank, while a European will lead the IMF.
A gentleman’s agreement stemming from the founding meetings—at which the only European representation was British—holds that an American will always occupy the top spot of the World Bank, while a European will lead the IMF.
