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The Executive board (the Board) is responsible for the daily operations of the IMF.
Most of the IMF recourses come from the quota (or capital) subscriptions that the countries members pay when they join it or from some of the periodic reviews in which the quota have been increased. The IMF provides technical assistance, and financial support to low- income countries such as Argentina, Angola, Bulgaria, Nigeria and many other underdeveloped countries. The Managing Director is Head of the IMF staff and Chairman of the Executive Board and is assisted by three Deputy Managing Directors.
Although the purposes of the IMF haven't been changed since its establishment at the end of The World War II, its operations such as surveillance, financial assistance, and technical assistance have changed and improved to help the country members...
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