1945

International Monetary Fund (IMF)

The International Monetary Fund (IMF) in 1989 continued to serve as a permanent forum for the discussion of global monetary issues and related economic matters, to assist its members to develop sound economic policies and to promote conditions conducive to a healthy world economy. The Fund’s primary activities included advising on economic and financial policies; providing information and technical assistance; and making loans to members undertaking economic reforms to overcome balance-of-payments difficulties. Each member contributed to IMF’s pool of financial resources-measured in special drawing rights (SDRs)—and the amount of its contribution determined each member’s voting power and how much it could borrow from the Fund.

Related Subject(s): United Nations
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