Definition of international monetary fund International monetary fund
In•ter•na•tion•al Mon•e•tar•y Fund
We found 3 definitions of international monetary fund from 3 different sources.
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What does international monetary fund mean?
WordNet
Noun |
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| international monetary fund - a United Nations agency to promote trade by increasing the exchange stability of the major currencies | ||
| IMF | ||
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OmegaWiki DictionaryOmegaWiki Dictionary Ω
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international monetary fund
An international organization established in 1944, affiliated with the United Nations that acts as an international bank facilitating the exchange of national currencies and providing loans to member nations.
Wikipedia 
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The International Monetary Fund (IMF) is an international organization. 185 countries are members of the International Monetary Fund. It has its headquarters in Washington, D.C., USA.
Origin.
In the 1930s, many countries faced economic problems. Some of such problems were falling standard of living and unemployment by large number of people. Trading between different countries also came down. Some countries reduced the value of their currencies. All such factors combined and an economic depression resulted. By late 1939, the Second World War had started.
After the Second World War was over, most countries found that the international value were not smooth and facing many restrictions. Leaders of many countries thought over these matters and discussed them in meetings. Thus, after the Second World War, many countries felt the need to have an organization to get help in monetary matters between countries. To begin with, 29 countries discussed the matter, and signed an agreement. The agreement was the Articles of Association of the International Monetary Fund. The International Monetary Fund came into being in December 1945.
Membership.
Any country may apply to become a member of the IMF. When a country applies for membership, the IMF’s Executive Board examines the application. If found suitable, the Executive Board gives its report to IMF’s Board of Governors. After the Board of Governor clears the application, the country may join the IMF. However, before joining, the country
