The International Monetary Fund encourages economic development following the fact that it’s an agency that helps to promote economic cooperation. This is following the maintaining an orderly system of world trade and exchange rates
The boxer the question is referring to is Benny Leonard. Benny Leonard was born in the jewish ghetto of Lower East Manhattan, and became a boxer at age 15. He won the world lightweight titel in 1917. He won it against welsh boxer Freddie Welsh in Philadelphia.