Headquarters is in Washington, USA.

The International Monetary Fund (English: International Monetary Fund, referred to as: IMF) was established on December 27, 1945 in accordance with the Agreement of the International Monetary Fund signed at the Bretton Woods Conference in July 1944. Founded in Washington. It was established at the same time as the World Bank and is listed as one of the world's two major financial institutions. Its responsibility is to monitor 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 are in Washington.

The purpose of the organization is to promote international monetary cooperation through a permanent institution and provide methods for consultation and collaboration on international monetary issues; through the expansion and balanced development of international trade, it promotes and maintains employment and employment in member countries. The development of productive resources and the level of real income are the primary goals of economic policy; stabilizing international exchange rates, maintaining orderly exchange arrangements among member states, and avoiding competitive exchange devaluation; assisting member states in establishing multilateral payments for regular transactions system to eliminate foreign exchange controls that impede world trade; and, subject to appropriate guarantees, the IMF provides temporary general funds to member countries so that they can have the confidence to use the opportunity to correct imbalances in the balance of payments without taking steps that would jeopardize national or international prosperity. Measures; in accordance with the above purposes, shorten the period of imbalance in the international balance of payments of member countries, reduce the degree of imbalance, etc.

System flaws:

(1) The IMF’s organizational structure is controlled by the United States and the European Union.

(2) The allocation of fund shares and voting rights of the IMF is unreasonable. The United States has a veto power on major IMF decisions.

(3) The IMF strives to maintain the hegemony of the US dollar as the major international reserve currency and ignores the role of super-sovereign reserve currencies.

(4) The IMF’s insufficient ability to adjust the balance of international payments has led to serious imbalances in the global balance of payments.