The International Monetary Fund (IMF) is one of the biggest international financial institutions which was formed afer the II World War in 1945 at Bretton Woods to facilitate international trade, high employment, reduce the poverty around the world etc. But what is the actual situation. It has been used by the Developed countries like US to implement their agenda.
The latest scandal about its Managing Director, Dominique Strauss-Kahn ( shortly called DSK) about raping a chamber maid in the hotel room and him being arrested and put in jail is bringng more and more unfavourable news about the functioning of IMF. It is stated that the women employees are not safe from the sexual advance of the male superior officers.The extravagant pay scales of top level management has surprised all. In the name of helping the developing countries not only the IMF is acting in the interests of the capitalist countries but is also violating human rights and rules. High level enquiry should be conducted on the functioning of the IMF itself.