The idea of creation of the International Monetary Fund and the World Bank originated at the International Currency Conference organized in Bretton Woods, USA, in 1944. The conference hosted delegates from 44 countries. The participants have expressed their readiness for long-term cooperation in order to promote economic recovery of the countries affected by World War II and to reduce the negative impact of the global economic crises in the future.

The Republic of Armenia became a member of the International Monetary Fund and the World Bank in 1992. Since the establishment of cooperation many projects have been carried out and loan agreements signed.

Membership of the Republic of Armenia to the above organizations is aimed at contributing to the stability of the international monetary system, as well as the implementation of development programs in agriculture, health, education and other areas of relevance.

 

Obverse: the coat of arms of the Republic of Armenia.

 

Reverse: the logotypes of the International Monetary Fund and the World Bank with an inscription notifying of the 25th anniversary of membership of the Republic of Armenia.