The International Monetary Fund (IMF) and the World Bank were set up at which international conference held in July 1944 in the USA?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Bretton Woods Conference
The Bretton Woods Conference, held at Bretton Woods in New Hampshire, USA, in July 1944, set up the IMF to deal with members’ external surpluses and deficits and the World Bank to finance post-war reconstruction.