The International Monetary Fund (IMF) is an intergovernmental international financial organization. It was established according to the International Monetary Fund Agreement adopted by the International Monetary and Financial Conference of the United Nations and its allies held in Bretton Woods, New Hampshire, USA in July 1945. 1 was formally established on February 27, 1947.1. In the same year165438+1October 15 became a specialized agency of the United Nations, but it has its own independence in operation.