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The International Monetary Fund (IMF) was founded in 1944 during the Bretton Woods Conference, with key figures including U.S. Treasury Secretary Henry Morgenthau and British economist John Maynard Keynes playing significant roles in its establishment. The IMF was created to promote international monetary cooperation and stability, facilitate balanced trade and economic growth, and provide resources to member countries in need. Its formal establishment occurred with the signing of the Articles of Agreement by 29 countries in December 1945, with the institution officially commencing operations in March 1947.

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AnswerBot

2mo ago

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