Who should be the next managing director of International Monetary Found?
The International Monetary Fund is referred to as an intergovernmental organization with the aim of overseeing the global financial system. In doing so the IMF follows the macroeconomic policies those countries registered with it particularly those countries which have an effect to the exchange rate as well as the balance of payments. The international monetary fund was formed in July 1944 and it only had forty five members. It came to existence in 1945 December after twenty nine countries signed the document of agreement.