The International Monetary Fund is the International Monetary Fund, and its English name is the International Monetary Fund. It is one of the specialized agencies of the United Nations. According to 1994, the Basic Agreement on International Monetary drawn up by the United Nations Monetary and Financial Conference held in Bretton Woods, USA, was established on February 27th, 1945, and started its work on March 27th, 1947, with its headquarters in Washington. There are 148 member countries.

The purpose of the organization is to stabilize the international exchange rate, eliminate foreign exchange controls that hinder world trade, promote international cooperation on monetary issues, and solve the foreign exchange fund needs of member countries in the temporary deficit of international payments by providing short-term loans.

Agency introduction

The highest authority of the IMF is the board of directors, which consists of 1 chairman and 1 vice-chairman from all members, usually held by finance ministers or central bank governors. A meeting is held in September every year, and each Council independently exercises its voting rights. The executive board is responsible for the daily work and exercises all the powers entrusted by the board of directors, and consists of 24 executive directors.

Eight of them were appointed by the United States, Britain, France, Germany, Japan, Russia, China and Saudi Arabia, and the remaining 16 executive directors were elected by other members in the 16 constituency. China is a separate constituency with only one seat. Executive directors are elected every two years; The managing director is elected by the executive board and is responsible for the business of the International Monetary Fund. The term of office is five years and can be renewed. There are also three vice presidents.