Choose the statement as true or false.

IMF stands for The International Monetary Fund

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Detailed Solution

The above statement is true.
The International Monetary Fund (IMF) is working to achieve sustainable growth and prosperity in all 190 member states. This is achieved by supporting economic policies that promote financial stability and cooperation, which are essential for improving productivity, job creation, and economic well-being. The IMF was founded in 1944 after the Great Depression of the 1930s. The 44 founding member states sought to create a framework for international economic cooperation. The primary motivation behind the creation of the World Bank was to provide member states with long-term capital for the economic reconstruction and development of the economies devastated by World War II.

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