GENERAL KNOWLEDGE

Detailed explanation-1: -The correct answer is 1945. International Monetary Fund (IMF): The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. The IMF officially began operating on March 1, 1947, when the first 29 countries signed its Articles of Agreement.

Detailed explanation-2: -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.

Detailed explanation-3: -The IMF formally came into existence on 27 December 1945, when the first 29 countries ratified its Articles of Agreement. By the end of 1946 the IMF had grown to 39 members.

Detailed explanation-4: -The IBRD Articles of Agreement were ratified on December 27, 1945, when representatives from twenty-one countries convened in Washington, DC to become the Bank’s first members. Imagine all of the paperwork, draft reports, notes, correspondence, and other records generated during the conference.