I. Introduction
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
09 Aug 2002
Keywords:
PAM; country; IMF governance; developing country; governance; financing; creation of the International Monetary Fund; rule of decision making; Multilateral development institutions; General Agreement on Tariffs and Trade

Abstract

Remarkable efforts were made at international institution building toward the end of World War II. In addition to the establishment of the United Nations, the global political organization, they involved the creation of the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), and the General Agreement on Tariffs and Trade, the forerunner of the World Trade Organization (WTO). They became the key institutions in the financial, developmental, and trade fields. Today, nearly six decades later, the world’s trade and financial systems have been fundamentally transformed with the pervasive postwar controls abandoned in favor of a system closer to one of globalized free markets. At the same time, the community of nations has become vastly more diversified. The number of independent countries has tripled or quadrupled and these countries demonstrate remarkably different cultural identities, levels of development and welfare, and experience with self-determination.

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Cover Governance of the International Monetary Fund (IMF)
Governance of the International Monetary Fund (IMF)
Decision Making, Institutional Oversight, Transparency and Accountability
ISBN:
9781589061309
ISSN:
0538-8759
Publication Date:
09 Aug 2002
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589061309.054
Pages:
100

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