Where does the IMF get its money from?
The IMF was set up after the end of the second world war and gets it’s money from member states, for the use of all member states, not just third world countries. It was born out of the Bretton Woods Conference in 1945. The Fund was created out of a need to prevent economic crises like the Great Depression. With its sister organisation, the World Bank, the IMF is the largest public lender of funds in the world. It is a specialised agency of the United Nations and is run by its 184 member states. Membership is open to any country that conducts foreign policy and accepts the statutes of the Fund.
