What Is The International Monetary Fund (IMF)?

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In June, Greece missed a deadline to pay back emergency loans from the International Monetary Fund. So, what is the IMF and what does it do?

Learn More:

Why the IMF was created and how it works
https://www.imf.org/external/about.htm
“The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944.”

IMF Members’ Quotas and Voting Power, and IMF Board of Governors
https://www.imf.org/external/np/sec/memdir/members.aspx
“The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country.”

Can The IMF Solve Global Economic Problems?
http://www.investopedia.com/articles/economics/09/international-monetary-fund-imf.asp
“The International Monetary Fund (IMF) was founded in 1944 with a primary mission to watch over the monetary system, guarantee exchange rate stability and eliminate restrictions that prevent or slow trade.”

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