The International Monetary Fund (IMF) was established in Washington, D.C. on February 27th, 1945 according to the IMF agreement signed at the Bretton Woods Conference in July.

Established at the same time as the World Bank and listed as the two largest financial institutions in the world, their duties are to monitor the currency exchange rates and trade conditions of various countries, provide technical and financial assistance, and ensure the normal operation of the global financial system. Its headquarters is in Washington, DC. We often hear that the "SDR" was created by the institution in 1969.

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It was established according to the agreement of the International Monetary Fund adopted at the International Monetary and Financial Conference of the United Nations and its allies held in Bretton Woods, New Hampshire in July 1944. It was formally established on February 27th, 1945, and started its business on March 27th, 1947. In the same year165438+1October 15 became a specialized agency of the United Nations, but it has its own independence in operation.

The IMF has five regional departments (Africa, Asia, Europe, Middle East and Western Hemisphere) and 12 functional departments (Administration, Central Bank, Exchange and Trade Relations, External Relations, Financial Affairs, IMF Research Institute, Legal Affairs, Research, Secretary, Treasurer, Statistics and Language Service Bureau).