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Bilateral relations
China and India maintained peaceful relations for thousands of years, but their relationship has varied since the Chinese Communist Party (CCP)'s victory in the Chinese Civil War in 1949 and the annexation of Tibet by the People's Republic of China. The two nations have sought economic cooperation with each other, while frequent border disputes and economic nationalism in both countries are major points of contention.
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Financial institution and UN specialized agency
The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world". The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises.
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