What is IMF bank? What is the background history of IMF?

Answer 1

There is The World Bank and International Monetary Fund. They are separate bodies but are loosly connected.

The International Monetary Fund (IMF) and the World Bank originated during World War II in preparation for postwar international financial and economic cooperation. Initiated by the United States and Great Britain, these efforts culminated in the UN Monetary and Financial Conference held in July 1944 at Bretton Woods, N.H., U.S. Forty-four nations attended the conference, although the resulting system of international postwar reconstruction and monetary relations, known as the Bretton Woods system, was based on liberal principles articulated largely by the United States.

The principal functions of the World Bank are to assist in the reconstruction and development of its member countries by facilitating capital investment for productive purposes, to promote private foreign investment by guarantees of and participation in loans and other investments made by private investors, and to make loans for productive purposes out of its own resources or funds borrowed by it when private capital is not available on reasonable terms. The IMF was designed to stabilize international monetary rates and promote foreign exchange cooperation, though its function of extending loans for structural adjustments has increased dramatically. Both agencies have been focal points of contention between the Western industrialized and Third World countries, the former insisting on adherence to market principles and the latter asserting that such adherence causes undue hardships for developing states. The primary focus of these agencies has shifted from the advanced industrialized countries to Third World states owing to successful postwar reconstruction in the West, decolonization, and difficulties in development in the Third World that were exacerbated by the oil shocks of the 1970s.

Answer 2

There is no such thing as "IMF bank". IMF stands for International Monetary Fund, and it is not a bank. Visit http://www.imf.org/ for more information.

Answer 3

That's an interesting question!

Answer 4

It could be possible definitely