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The International Monetary Fund The International Monetary Fund (IMF) is a cooperative institution that many countries have voluntarily joined because they see advantage of consulting with one another in this forum to maintain a stable system of buying and selling their currencies so that payments in foreign money can take place between countries smoothly and without delay. The IMF was consequence from lengthy discussions of separate American, British, Canadian, and French proposals drafted during World War II. I'm going to discuss about origins, purposes, operations, financial assistance, and services of the IMF. The need for the IMF became apparent when the world faced the Great Depression that damaged the world economy during 1930s. The Depression was devastating to all forms of economic life. Banks failed by the thousands, leaving bewildered depositors penniless, agricultural prices fell below the cost of production, land values plummeted, abandoned farms cargoes that never materialized and millions of...

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