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
“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
“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?
“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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