WHAT WAS THE PRIMARY PURPOSE OF THE INTERNATIONAL MONETARY FUND (IMF) WHEN IT WAS ESTABLISHED IN 1944?
Answer (1)
Answer:The primary purpose of the International Monetary Fund (IMF) when it was established in 1944 was to promote global monetary cooperation and financial stability. The IMF's Origins The IMF was created at the Bretton Woods Conference in 1944, following the devastation of World War II. The goal was to prevent another economic crisis like the Great Depression, which had exacerbated the global conflict.
