Date : 1945-December-27
Country : 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
1926 John Logie Baird gave the first public demonstration of a live television system
1807 Innovation of the steamboat
1964 United States President Lyndon B. Johnson signed the Civil Rights Act into law
1903 Innovation of the aeroplane
1767 King Taksin was crowned King of Thailand (Siam)
2003 The Spirit Rover was launched by NASA to start the Mars Exploration Rover mission
1940 Winston Churchill became British Prime Minister, replacing Neville Chamberlain
1949 Queen Juliana of the Netherlands signed the papers to grant independence to Indonesia
1895 German physicist Wilhelm Conrad Röntgen discovered X-Rays
1836 Spain recognized the independence of Mexico by signing the Santa María–Calatrava Treaty
1963 President John F. Kennedy signed the United States Equal Pay Act into law
1965 United States President Lyndon B. Johnson signed the Voting Rights Act into law