1945

International Monetary Fund (IMF)

In 1994, the year which marked the fiftieth anniversary of the Bretton Woods conference that led to the foundation of the International Monetary Fund (IMF), the Fund increased its operations in all areas. IMF continued to assist countries in transition from command to market economies and extended its financial support to a large number of developing countries. During the year, IMF also provided prompt policy and operational advice to help in the reconstruction of economies that suffered major civil disruptions or political upheaval. In December, it extended the largest loan ever to a member country, to alleviate Mexico’s financial crisis.

Related Subject(s): United Nations
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