International Monetary Fund

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Brief summary of IMF

It stands for International Monetary Fund. It is founded in 1945. At first, 45 countries gathered in U.S and 30 countries joined IMF. Now, 187 countries are IMF member.

Purpose : ●Stability & Growth by economic cooperation ●Expansion of global trade. ●probide assistance to member countries.

Resources : ●Money & Gold ●Quota (75% in its own currency+25% in gold etc)

Membership : 5 executive directors(U.S, Japan, Germany, France, U.K) + 19 executive directors(remaining members)

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