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Title: IMF

Essay Details:

Subject: Business
Author: Carl T
Date: August 26, 2012
Level: University
Grade: A
Length: 2 / 360

Essay text:

The need for international monetary cooperation and under-standing was felt soon after the war, and the Bretton Woods Conference resulted in the establishment of IMF and the World Bank. Originally 44 member countries met at the Conference and the IMF was set up as per the agreement reached among them in December 1945. It had an original membership of 29 countries and by end of 2002 rose to cover almost all the, countries, (182) barring a few smaller countries. The IMF is governed by a policy-making body, viz. the Board of Governors but the day-to-day affairs are looked into by the Board of Executive Directors consisting of the representatives of 16 elected countries and 6 nominated countries...

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