The International Monetary Fund in Washington, D.C., was founded more than 60 years ago near the end of World War II. Its founders aimed to build a framework for economic cooperation to avoid the repetition in economic policies that contributed to the Great Depression and global conflict that followed.
Chartered through the United Nations, the International Monetary Fund works in a variety of sectors to promote global growth and sound economics. It tracks global economic trends and performance, alerting its 188 member countries when it sees problems on the horizon, and provides policy advice and financing during economic difficulties. It also works with developing nations to help them achieve macroeconomic stability and reduce poverty.
Designed by architect Vincent Kling, the International Monetary Fund's Headquarters Building 1 was constructed in phases between 1973 and 1998. Its 100,000 square feet houses about 2,300 employees. Headquarters Building 2 was designed by Henry Cobb and Yvonne Szeto of Pei Cobb Freed & Partners, New York, and was completed in 2005.