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The International Monetary Fund (IMF) and what is now known as the World Bank, were set up to manage the post-World War II global economy.

They were conceived in 1944 at a conference in Bretton Woods, in the US state of New Hampshire.

By fostering economic cooperation and helping countries with balance of payments problems the founders hoped to avoid a repeat of the 1930s Great Depression.

The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world.

The World Bank's predecessor - the International Bank for Reconstruction and Development - was set up to drive post-war recovery.

Now, it is the world's leading development organisation, working for growth and poverty reduction.

Owned by the governments of its 187 member states, the Bank channels loans and grants and advises low and middle-income countries.

The IMF is funded by a charge - known as a "quota" - paid by member nations. The quota is based on a country's wealth and it determines voting power within the organisation; those making higher contributions have greater voting rights.

The IMF acts as a lender of last resort, disbursing its foreign exchange reserves for short periods to any member in difficulties.

Since they were conceived, the IMF has been run by a European and the World Bank by a US national.

The IMF and the Bank have served as a rallying point for disparate causes - from environmentalists to anarchists - and meetings have occasionally been accompanied by violent street protests.

Protesters and critics cite the exploitation of the poor and the environment and argue that freer trade threatens the livelihoods of millions of people.

The IMF has admitted that forcing developing countries to open their markets to foreign investors can increase the risk of financial crises.

Its former managing director Horst Koehler said in 2002 that the benefits of globalisation had not been equally shared. But he added that "the objective should not be less globalisation but more and better globalisation."

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What crew does Ricky Williams play for

Errick Lynne Williams, Jr. (born Possibly will 21, 1977 in San Diego, California) is definitely an American soccer operating again for that Miami Dolphins within the Nationwide Football League. He was drafted from the New Orleans Saints fifth in general inside the 1999 NFL Draft. He played faculty football on the University of Texas, just where he was a two-time All-America (1997 and 1998) and received the 1998 Heisman Trophy as being the preferred participant in school football.

Adolescence

Williams was born, as well as his twin sister Cassandra, in San Diego, California. He was born to reasonably young fathers and mothers, who eventually separated when he was six decades previous. His mother was awarded custody of Williams and his siblings, Cassandra (Cassie) and Rebecca (Nisey). In San Diego's Patrick Henry Significant College, Williams primarily performed baseball and football even when working observe and wrestling. Over the football area, Williams received two,099 yards and scored twenty five touchdowns. He was named "Offensive Participant from the Year" with the San Diego Union-Tribune.[1]

[edit] Excessive College vocation

Williams was chosen from Patrick Henry Excessive University within the eighth spherical for the 1995 baseball novice draft from the Philadelphia Phillies NIKE DeSean Jackson Jersey, and performed 4 many years in the Course 'A' degree using the Batavia Muckdogs from the New York-Penn League additionally, the Piedmont Boll Weevils within the South Atlantic League. He was then taken from the 1998 Rule 5 draft from the Montreal Expos, who offered his legal rights with the Texas Rangers.

[edit] Faculty profession

He performed faculty football for the College of Texas at Austin. Williams holds or shares twenty NCAA data, and have become the NCAA Division I-A occupation speeding leader in 1998 with 6,279 yards (damaged just one calendar year later on by University of Wisconsin-Madison's Ron Dayne). Williams experienced a sensational senior period, highlighted by rushing for nine touchdowns and 385 yards in the season's earliest two online games; rushing for 318 yards and six touchdowns from Rice; dashing for 350 yards and 5 touchdowns versus Iowa State; and rushing for one hundred fifty yards against Nebraska's renowned Black Shirt protection. He aided beat very long time rival Oklahoma speeding for 166 speeding yards and two scores.

Williams broke the profession rushing file during the once-a-year rivalry video game held the day once Thanksgiving (this explicit calendar year fell on November 27, 1998) in between Texas and Texas A Needing only sixty three yards to interrupt Tony Dorsett's 22-year previous NCAA Division 1-A all-time rushing document (six,082), Ricky Williams approached the line of scrimmage with 1:45 seconds still left from the first of all quarter getting by now rushed for 54 yards. At the beginning and 10 on the Texas forty garden line, quarterback Leading Applewhite handed off to Williams who broke two tackles, sprinted into open up field and acquired a down field block from receiver Wane McGarity for your 60-yard touchdown operate {and the|and also the|as well as the|along with the|plus the|as well as|and then the|together with the|additionally Nnamdi Asomugha Jersey, the|and therefore the|and also|in addition to the|also, the} report. Williams' record-breaking run gave Texas a 10-0 lead in its eventual 26-24 upset of sixth-ranked Texas A He completed the sport racking up 295 yards. He broke the NCAA Division I-A profession speeding touchdowns and vocation scoring documents in 1998 with seventy three and 452 respectively (topped one calendar year later by Miami University's Travis Prentice), and rushed for 200 or more yards in twelve several video games (an NCAA document he shares with Dayne and USC's Marcus Allen). Williams won the sixty fourth Heisman Trophy, evolving into the 2nd Texas Longhorn to gain this honor, joining Earl Campbell. Williams was oftentimes identified as the "Texas Tornado."

Ricky Williams played for the CFL Toronto Argonauts.

On August 31, 2008, ESPN's Chris Mortensen noted the Miami Dolphins experienced signed Ricky Williams to a one-year

agreement extension. He was now below agreement thru the 2009 season.

As of September six, 2008, Williams continues to be named because the commencing Dolphins running back again for that 2008 time opener against the brand new York Jets.

As of December 3, 2008, Ricky Williams has played in all 12 online games to the Miami Dolphins sharing responsibilities with Ronnie Brown. The really exciting "wildcat" development which allocates Ronnie Brown for the QB situation while using the preference handy the ball to the motioning Williams has generated very good success for that offense. Thus far Ricky Williams has rushed for 512 yards on 120 carries averaging four.three yards per carry, to associate with 19 receptions for 153 yards.
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