Part VI International Monetary Law and the International Financial Architecture, XXXIX The International Monetary Fund: Objectives, Organization, and Functions
- International organizations, practice and procedure — Membership of international organizations — Exchange controls
The Articles of Agreement of the International Monetary Fund (IMF Agreement)1 were negotiated at the Conference of Bretton Woods (1944). The IMF was established to ensure a stable international monetary system as a basis of international trade and capital movements, to foster a sound economic growth and to contribute to a stable monetary regime of Member States (Article IV, section 1 first sentence of the IMF Agreement). Its main functions are twofold: Under the IMF Agreement, stable exchange currency arrangements and the free convertibility of currencies are...