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The International Monetary Fund (IMF) was formed in 1944 at the Bretton Woods Conference and is headquartered in Washington D.C. with 188 member countries. It aims to promote international monetary cooperation, facilitate trade, maintain exchange rate stability, and provide loans to address severe payment imbalances. The IMF has faced criticism over the conditions of its loans, exchange rate policies, lack of transparency, and support of authoritarian regimes.
- Author
- Bijoy Salahuddin
- Language
- EN