The IMF is not really a “fund” in the sense of an endowment or mutual fund it functions as the central bank of the world, taking deposits, called “borrowings,” from countries around the world and making loans to its members. That institution is the International Monetary Fund, or the IMF.Įverything about the IMF is designed to deceive you-beginning with the name. It’s an autonomous part of an emerging scheme of global governance accountable only to a small elite of central bankers, finance ministers and heads of state. One of the most powerful, and also most secretive, of these agencies is an institution that is not even part of the U.S. Account icon An icon in the shape of a person's head and shoulders.
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