IMF Company Description
The International Monetary Fund (IMF) is an organization of 185 countries dedicated to promoting global monetary cooperation and the health and stability of the international monetary system. Each member of the IMF contributes through the payment of quotas, which reflect that country's size in the world economy and determine its voting power (the US has a 17% voting stake). The IMF supports worldwide economic growth by granting loans and technical assistance to countries in need. The organization was formed by 45 countries in 1944 in an attempt to avoid the kinds of problems brought about by the Great Depression of the 1930s.
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The Company Description provides a historical perspective of IMF's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of IMF's evolution in the marketplace.
