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Published online by Cambridge University Press: 22 May 2009
Established on December 27, 1945, when the Bretton Woods agreements were signed in Washington, the International Monetary Fund has been primarily concerned with organizational and policy problems during its first year of existence. Not until September was the Fund ready to begin the actual work of establishing stable relationships between currencies and facilitating international trade.
1 International Monetary Fund, Selected Documents of the Board of Governors Inaugural Meeting, Washington, April, 1946, pp. 6–8.
2 Ibid., p. 22.
3 Ibid., p. 21.
4 International Monetary Fund, Annual Report of the Executive Directors, Washington, September, 1946, p. 4.
5 United Nations Weekly Bulletin, Vol. I, No. 11, October 14, 1946, p. 17.
6 New York Times, October 4, 1946, p. 9.
7 Ibid.
8 New York Times, October 1, 1946, p. 33.
9 United Nations Weekly Bulletin, Vol. I, No. 11, October 14, 1946, p. 18. Formal requests for loans were later made by France and Iran.
10 International Monetary Fund, Annual Report of the Executive Directors, Washington, September, 1946, p. 7.