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An international organization that administrates an global financial system, IMF World Bank (International Monetary Fund World Bank) monitors the balance of payments and the exchange rates. headquartered in Washington D.C. USA, IMF World Bank also provides technical and financial assistance and services too. IMF World Bank is described as an organization of 185 countries, which believes in promoting financial stability, working for global monetary demands, facilitating commerce , providing employment opportunities and sustainable economic growth. The IMF World Bank had its origin in the year 1945, when the Articles of Agreement was signed by the first 29 countries. Since its establishment the purposes of the IMF World Bank has basically remained the same and has not undergone much changes in the areas of operations involving vigilance, financial assistance, and technical assistance that are subjected to change from time to time for the countries managing their existence in the evolving world economy.
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