International Monetary Fund

adapted from "Women's Education in the Global Economy", by the Women of Color Resource Center in California, USA

Founded in 1944 at the Bretton Woods Conference by the western industrial powers, the IMF administers and coordinates exchange rate policies and provides member states with financing to enable them to balance their trade payment. Today, the IMF acts as a financial policeman over the developing world, pushing for trade liberalization, debt payments, and privatization.