GENERAL KNOWLEDGE

Detailed explanation-1: -The IMF was established in 1944 in the aftermath of the Great Depression of the 1930s. 44 founding member countries sought to build a framework for international economic cooperation. Today, its membership embraces 190 countries, with staff drawn from 150 nations.

Detailed explanation-2: -In a practical sense, the IMF was born out of the famous conference at Bretton Woods, New Hampshire, in July 1945.

Detailed explanation-3: -The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. IMF came into operation on 27th December 1945 and is today an international organization that consists of 189 member countries.