Date : 1945-December-27
Country/Region : United States of America (USA)
The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C. It is currently composed of 190 member countries. This organization is an agency of the United Nations and an international financial institution. Its' mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
On December 27, 1945, the International Monetary Fund was formally established by 29 member countries. It was formed in 1944 at the Bretton Wood Conference primarily based on the ideas of Harry Dexter White and John Maynard Keynes and came to formal existence in 1945 with 29 member countries. This organization was established to reconstruct the international payment system. Funds of the IMF provide from two major sources. These sources are quotas and loans. Countries with greater economic significance have larger quotas. The IMF currently plays a leading role in the management of balance of payments difficulties and global financial crises.
Category : Economic
1996 Sri Lanka won the Cricket World Cup
1767 King Taksin was crowned King of Thailand (Siam)
1974 President Richard Nixon signed the national speed limit into law
1956 Dutch swimmer Cockie Gastelaars broke two decades' world record for 100m freestyle
1993 Czechoslovakia was divided into two independent states
1940 Winston Churchill became British Prime Minister, replacing Neville Chamberlain
1994 Nelson Mandela sworn in as the first black president of South Africa
1926 John Logie Baird gave the first public demonstration of a live television system
1917 President Woodrow Wilson asked Congress to declare war against Germany
1965 United States President Lyndon B. Johnson signed the Voting Rights Act into law
1964 United States President Lyndon B. Johnson signed the Civil Rights Act into law
1959 Cuban dictator Fulgencio Batista ousted by Castro-led revolution
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