
With the financial markets as volatile as they are today, we tend to highlight things we may not have noticed before and question the governing institutions that have direct and clear influence over the economy. One such financial markets institution is the IMF otherwise known as the International Monetary Fund and sometimes known simply as “The Fund. Although there have been a few red flags of late leading to increased scrutiny of the IMF, most still don’t know what the institution does, how it works or where it came from. Let’s look at some of aspects of the IMF as we try to understand how they influence financial services and markets today. The Founding of the IMF In July 1944, the United Nations conceived an idea to create an institution that would stabilise the world’s monetary system, much in the same way the United Nations sought to stabilise amicable...











