What is the full form of abbreviation 'IMF', an International organization?

The correct option is  International Monetary Fund.

Key Points

• The International Monetary Fund (IMF) is an agency of the United Nations, and an international financial institution.
• Its headquartered in Washington, D.C., consisting of 190 countries.
•  Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."

Important Points The Objectives of IMF:

• Foster global monetary cooperation
• Secure financial stability
• Facilitate international trade
• Promote high employment and sustainable economic growth
• And reduce poverty around the world
• Macro-economic growth
• Promotion of exchange rate stability, and an international payment system

Formation of IMF

• The IMF was founded in response to the collapse of international monetary cooperation during the Great Depression, to boost economic growth and eliminate poverty around the world. In 1944, the Bretton Woods Conference established the International Monetary Fund (IMF).
• The Conference brought together 45 government representatives to discuss a framework for postwar international economic cooperation.
• The IMF was established on December 27, 1945, with 29 member countries agreeing to be bound by the treaty. On March 1, 1947, it launched its financial operations.
• The International Monetary Fund (IMF) now has 189 member countries.
• The International Monetary Fund (IMF) is a crucial institution in the international economic system that focuses on rebuilding international capital while maximising national economic sovereignty and human welfare.