OBJECTIVES OF THE INTERNATIONAL MONETARY FUND (IMF)

The Funds opened its doors on March 1, 1947 with the following four objectives, according to Article 1 of Articles of Agreement of International Monetary Fund (IMF): Monetary Cooperation The promotion of international monetary system through a stable institutional mechanism for discussion and cooperation on international monetary glitches. Balance growth Read more…

international bank for reconstruction and development

THE WORLD BANK

The Bretton Woods Conference decided to set up the international Bank for Reconstruction and Development (IBRD), commonly known as the World Bank. It started its operations formally on December 27, 1945. The International Finance Corporation (IFC) was established as its affiliate in 1956 and International Development Association is the other Read more…