The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF’s stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post-World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily.
You may also like
About the author
Adetunji Teejay Bolorunduro holds MSc in Economic Development from the prestigious Adam Smith Business School, The University of Glasgow, United Kingdom. He is a China-Africa Engagement Researcher. He is also a co-founder at Africacv and a Senior Researcher at Afriscaper.
WELCOME TO RICHTOPIA
- 2,501,085 all-time users
- Top 100 French Entrepreneurs 2018: From Claude Posternak to Fleur Pellerin, These Are the Most Influential Entrepreneurs From France
- 11 Amazing Examples of Disruptive Technology
- Africa Exclusive: Property Investment in Lagos, Nigeria
- 5 Business Lessons From the "Corporate Scapegoat" Who Lost Five-Billion Euros
- What Is Social Marketing? And How Does It Work?
- 17 Great Examples of Effective Leadership and Strategy
- Analytical Thinking: 8 Natural Talents Leading to Action
- 7 Wealth Habits of the World’s Richest People
- 6 Key Attitudes of Successful Leaders