IMF data suggests that developing countries are most likely to be low-income countries.
With its headquarters in Washington, D.C., the International Monetary Fund (IMF) is a significant United Nations financial agency and an international financial organization with 190 member nations. The organization's declared goals are to "seek to foster global monetary cooperation, secure financial stability, enable international trade, promote high employment and sustainable economic growth, and eliminate poverty around the world."
It was established in 1944, and kicked off on December 27, 1945, at the Bretton Woods Conference, chiefly by the theories of Harry Dexter White and John Maynard Keynes. It officially came into existence in 1945 with 29 member nations and the objective of remaking the global monetary system. It now occupies a key position in the control of problems with the balance of payments and global financial crises.
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