1945

International Monetary Fund (IMF)

The International Monetary Fund (IMF) intensified its efforts to provide policy advice as well as financial and technical assistance to its increasingly diverse membership. During its fiscal year 1993 (1 May 1992 to 30 April 1993), IMF played a central role in supporting the transformation of the former centrally planned economies into market-based systems. Arrangements were approved for the Russian Federation, each of the Baltic States, and many of the members in Central and Eastern Europe whose economies were in transition. Both the scope and extent of the Fund’s operations expanded significantly, and for the first time IMF was close to achieving the universality of membership that was a goal since its founding almost 50 years earlier.

Related Subject(s): United Nations
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