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:
Date:
jun 30, 1944
Now
~ 81 years ago