jun 30, 1944 - International Monetary Fund
Description:
- funded by member countries, they pay a quota based on how wealthy they are
- countries who contribute the most money have the most votes
Original goals:
- To set dependable international exchange rates for world currencies
- establish international economic stability and promote foreign trade
Current Goals:
- to provide emergency short-term loans to countries
- promote good governance, and get rid of corruption
Added to timeline:
Factor that Laid the Foundation of Contemporary Global Economics
Date:
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