The International Monetary Fund
Purpose: The IMF was created to promote international monetary cooperation, to facilitate the expansion and balanced growth of international trade, to promote exchange stability, to assist in the establishment of a multilateral system of payments and to make loans to member nations under times of difficulty.
Date of Origin: December 27, 1945
Original Membership: 29 countries
Current Membership: 182 countries
Director: Michel Camdessus(France), assumed office in 1987
Staff: Approximately 2,600 from 110 countries
Current Outstanding Loans:
Middle East 0.5
Western Hemisphere 13.6
Address: External Relations Department
International Monetary Fund
Washington, D.C. 20431 U.S.A.
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