Which of the following statement/s is/are True? I- The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. II- It has 191 members as of now. III- To facilitate a balanced international trade is one of the objectives of IMF.

Solution- The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 191 member countries. The Principality of Liechtenstein became the 191st member of the International Monetary Fund (IMF) on October 21, 2024. The main objectives of the International Monetary Fund (IMF) are mentioned below: To improve and promote global monetary cooperation of the world. To secure financial stability by eliminating or minimizing the exchange rate stability. To facilitate a balanced international trade. To promote high employment through economic assistance and sustainable economic growth. To reduce poverty around the world.