The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., in the United States, of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Formed in 1944 at the Bretton Woods Conference, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. Countries contribute funds to a pool through a quota system from which countries with payment imbalances can borrow. As of 2010, the fund had SDR476.8 billion, about US$755.7 billion at then-current exchange rates.
Sl No. | Name | Nationality | Dates |
1 | Camille Gutt | Belgian | 6 May 1946 “ 5 May 1951 |
2 | Ivar Rooth | Swedish | 3 August 1951 “ 3 October 1956 |
3 | Per Jacobsson | Swedish | 21 November 1956 “ 5 May 1963 |
4 | Pierre-Paul Schweitzer | French | 1 September 1963 “ 31 August 1973 |
5 | Johan Witteveen | Dutch | 1 September 1973 “ 16 June 1978 |
6 | Jacques de Larosi¨re | French | 17 June 1978 “ 15 January 1987 |
7 | Michel Camdessus | French | 16 January 1987 “ 14 February 2000 |
8 | Horst K¶hler | German | 1 May 2000 “ 4 March 2004 |
9 | Rodrigo Rato | Spanish | 7 June 2004 “ 31 October 2007 |
10 | Dominique Strauss-Kahn | French | 1 November 2007 “ 18 May 2011 |
11 | Christine Lagarde | French | 5 July 2011 “ Present |