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Essay Details:
Essay text:
After the war,
politicians and economists began to work on blue prints for a postwar world. They
envisioned a liberal international economic order, based on stable world currencies and
revived world trade. The International Monetary Fund (IMF) finally came into existence
on December 27, 1945. On this date, twenty-nine countries signed its charter when
meeting at Bretton Woods, New Hampshire. On March 1, 1947 the IMF came into
financial operations.
The IMF was established to promote internal monetary cooperation through a
permanent institution, which provides the machinery for consultation and collaboration
on international monetary problems...
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