Last week marked the 80th anniversary of the first meeting of the Executive Board of the International Monetary Fund. It is difficult to know what the atmosphere was like on 6 May 1946, when twelve Executive Directors gathered at the Washington Hotel for their first meeting. Yet those people began building what was then described as something entirely new in the history of international monetary practice — and what would become one of the most important bodies of monetary policy in the world.
IMF at 80: The Executive Board and the Evolution of Global Financial Cooperation
In May 2026, the International Monetary Fund marks an important institutional milestone: the 80th anniversary of the first meeting of its Executive Board. On 6 May 1946, the first Executive Directors of the IMF met in Washington, D.C., beginning the operational life of an institution created to help stabilise the international monetary system after the devastation of the Great Depression and the Second World War. The IMF’s own first Annual Report records that its operations began from that first meeting of the Executive Directors in Washington. (IMF)

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