STORIES FROM MY HEART

I'm at the IMF annual meetings in Washington DC, where the Global economy -where world economic outlook, poverty eradication and economic development are among the key issues on the agenda. I was here last spring and I wish someone shared this with me before I came here in April. So, here's IMF for dummies ( 1st Edition) The IMF, also known as the “Fund,” was conceived at a United Nations conference convened in Bretton Woods, New Hampshire, United States, in July 1944. The 44 governments represented at that conference sought to build a framework for economic cooperation that would avoid a repetition of the vicious circle of competitive devaluations that had contributed to the Great Depression of the 1930s. Original aims: Article I of the Articles of Agreement sets out the IMF’s main goals: ■promoting international monetary cooperation; ■facilitating the expansion and balanced growth of international trade; ■promoting exchange stability; ■assisting in the estab...