The IMF or International Monetary Fund is a major world organization and part of the United Nations and is headquartered in Washington, DC. It consists of 190 countries from around the world. It was formed in 1944 at the famous Bretton Woods Conference along with it’s complimentary institution, the World Bank. Both organizations were implemented for the overall goal of helping countries recover after the two World Wars and the Great Depression. It’s primary purpose is to promote international monetary cooperation, facilitate international trade, foster sustainable economic growth, provide resources to members experiencing balance of payment troubles, prevent or assist with the recovery from an international financial crisis and reduce poverty. The IMF was also instrumental in overseeing the new system of fixed foreign exchange rates and managing the Gold Standard until it was eradicated by President Nixon in 1971. I’m Stewart Brown, a licensed Mortgage Loan Originator in Palm Springs, California here to simply topics in Real Estate and Mortgage Lending. Please, like, share, follow and subscribe!
