Founding and mission:
The International Monetary Fund was conceived in July 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States.
The 44 countries in attendance (India was one of them - represented by Economist A. D. Shroff as a non-official since India was not yet independent) sought to build a framework for international economic cooperation in order to avoid repeating the competitive currency devaluations that contributed to the Great Depression of the 1930s.
The IMF's primary mission is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to transact with each other.
The International Monetary Fund was conceived in July 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States.
The 44 countries in attendance (India was one of them - represented by Economist A. D. Shroff as a non-official since India was not yet independent) sought to build a framework for international economic cooperation in order to avoid repeating the competitive currency devaluations that contributed to the Great Depression of the 1930s.
The IMF's primary mission is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to transact with each other.
