When Was The IMF Established?


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IMF stands for International Monetary Fund. It is an international organization which oversees global financial system through the macroeconomic policies of its member countries.

It was created in 1944 with an aim to stabilize the exchange rates and to assist the world's international payment system. The headquarter of IMF is located in Washington DC.

IMF also offers financial and technical assistance to its member countries which makes it the lender of the last resort.

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