The United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, in July 1994, was called to develop a structured international monetary system. As a result of this conference, the international monetary fund was formed. The major objectives of the IMF, as set by its charter, are to (1) promote co-operation among countries on international monetary issues, (2) promote stability in exchange rates, (3) provide temporary funds to member countries attempting to correct imbalances of international payments,(4)promote free mobility of capital funds across countries, and(5)promote free trade
. It is clear from these objectives that the IMF’s goals encourage increased internationalization of business.
International Monetary Fund (IMF) is the organization created to promote trade, eliminate barriers, and make short-term loans to member nations that are unable to meet their budgets.
International Monetary Fund (IMF) is the international organization created by the Bretton Woods agreement whose objective is to promote the growth of world trade by making loans to countries experiencing balance-of-payments difficulties.
International Monetary Fund (IMF) is an international financial organization, founded in 1944, that lends money to countries to conduct international trade.