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Germany
$668 billion
Third world countries and small economies
Bretton Woods, New Hampshire
France
Criticized for being too political.
The head of the IMF is always European.
BRICS Development bank
The medicine that’s worse than the disease
The Bretton confeence
The Bretton Wood system
1944
Japan
China
USA
Quota system
24 executive directors
The big 8:
The US
Japan
China
Germany
France
The UK
Russia
Saudi Arabia
• Promotes international trade
• Seeks to ensure high employment
• Promotes fiscal responsibility
• Sustainable economic growth
• Reduce poverty
Founded by John Maynard Keynes and Harry
Founded at the same time as the World Bank.
Based on Keynesian ideas.
Germany and Japan didn’t join till 1952 and the Soviet bloc never joined.
189 members