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The IMF was created in July 1944 during the Bretton Woods agreements conference in order to guarantee the stability of the International Monetary System after the Second World War. It officially began to exist on December 27, 1945, when the first 29 countries ratified the corresponding agreement. Among its objectives was to prevent the major economic powers from falling back into the situation of the 30s, during a period where devaluations of the currency and decisions on economic policies had created enormous international tensions.
