Which of the following statements is associated with the IMF?

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The Bretton Woods Conference established the IMF.

The Conference was held in May 1945.

The IMF and the World Bank commenced financial operations in 1948.

The Conference was held at Bretton Woods in New Hampshire, UK.

answer is A.

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Detailed Solution

The Bretton Woods Conference established the IMF.
The Bretton Woods institutions, also known as the Bretton Woods twins, are the World Bank and the International Monetary Fund (IMF). They were founded in July 1944 in Bretton Woods, New Hampshire, in the United States, during a meeting of 43 countries. In the post-World War II era, member countries agreed to build a family of organisations to address significant challenges in the global financial system. The IMF would create a stable environment for foreign trade by coordinating its countries' monetary policies and preserving exchange stability. In addition, it would be able to offer short-term financial assistance to countries facing balance-of-payments difficulties. The World Bank, on the other hand, would lend money to war-torn countries to help them improve their trading capabilities.

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