The International Monetary Fund (IMF, or the Fund) was created toward the end of the Second World War as part of an attempt to build a new, more stable international economic system and avoid the costly mistakes of the previous decades. Over the past 60 years, it has continued to change and adapt. But since its inception, it has been shaped by history and molded by the economic and political ideas of the time.
International Monetary Fund. External Relations Dept.
During a visit to Washington on February 18, French President Jacques Chirac addressed staff members of the IMF, the Inter-American Development Bank (IDB), and the World Bank at the IMF. An edited translation of his speech appears below.