International Monetary Fund
![Board of Governors International Monetary Fund (1999)](https://upload.wikimedia.org/wikipedia/commons/a/a3/Board_of_Governors_International_Monetary_Fund.jpg)
Established in 27 Dec 1945 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary system after World War II. It now plays a central role in the management of balance of payments difficulties and international financial crises. Through a quota system, countries contribute funds to a pool from which countries can borrow if they experience balance of payments problems. The IMF works to stabilize and foster the economies of its member countries by its use of the fund, as well as other activities such as gathering and analyzing economic statistics and surveillance of its members' economies.
The current managing director (MD) and chairperson of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since 1 October 2019. Indian-American economist Gita Gopinath, previously the chief economist, was appointed as first deputy managing director, effective 21 January 2022. Pierre-Olivier Gourinchas was appointed chief economist on 24 January 2022. Provided by Wikipedia
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