For students following Edexcel’s global politics route, the IMF features in Section 2: Global governance. Along with other global institutions such as the UN, NATO and the WTO, students require knowledge and understanding of the role and significance of the IMF and its strengths and weaknesses.
Established in 1944 in the aftermath of the Great Depression of the 1930s, the International Monetary Fund (IMF), based in Washington DC, is the main financial agency of the United Nations. It seeks to stay true to its founding objectives of supporting international economic cooperation, stabilising currency exchange rates, and providing financial support to distressed member states (Box 1).
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