September 27th1971, Washington, DC, USA. Pierre-Paul Schweitzer, Managing Director of the International Monetary Fund (IMF) from 1963 to 1973, at a General Meeting at the Sheraton Hotel in 1971. In July 1944, representatives from 44 countries assembled at Bretton Woods, USA agreed to create the IMF in order to stabilize the increasingly delicate world economy. In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, extending the life of the IMF but pushing it into a secondary role. Only at the beginning of the 1980s, following the crisis of the Third World debt, was the IMF called on again to play a major role in world economy.
September 27th1971, Washington, DC, USA. Pierre-Paul Schweitzer, Managing Director of the International Monetary Fund (IMF) from 1963 to 1973, at a General Meeting at the Sheraton Hotel in 1971. In July 1944, representatives from 44 countries assembled at Bretton Woods, USA agreed to create the IMF in order to stabilize the increasingly delicate world economy. In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, extending the life of the IMF but...
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Filename: FMI GENERAL MEETING IN WASHINGTON DC 1971 LAF28992 27A.jpg
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