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The International Monetary Fund was created in 1945 following agreements made by representatives of the 44 Allied nations at the United Nations Monetary and Financial conference of 1944.
The conference took place between 1st and 22nd July 1944 at the Washington Hotel, situated in Bretton Woods, New Hampshire, United States. It is more commonly known as the "Bretton Woods Conference".
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JordanThe IMF was conceived in July 1944, when representatives of 45 governments meeting in the town of Bretton Woods, New Hampshire, in the northeastern United States, agreed on a framework for international economic cooperation. They believed that such a framework was necessary to avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s.
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