Question

Which was the first country to draw funds from the IMF?

• A. France
• B. Kenya
• C. Brazil
• D. None of the above

Hint:

The IMF began lending operations in 1947, right after the Second World War.

Answer 1

The Correct Option is A

This is a static general knowledge fact about the early history of the International Monetary Fund (IMF).

1. France: The IMF began financial operations in 1947, and France was the first country to draw funds from it, taking a loan to help rebuild its economy after the Second World War.
2. Kenya: Kenya became an IMF member years later, well after the Fund's early operations, so it was not the first borrower.
3. Brazil: Brazil has taken IMF loans at various points in its history, but not as the first country to do so.
4. None of the above: This is ruled out since France, a listed option, was in fact the first borrower.

The correct option is France, the first country to draw a loan from the IMF after the institution started lending in 1947.

Let's summarize:

• The IMF was set up after the Bretton Woods Conference of 1944 and began lending operations in 1947.
• France was the first country to draw funds from the IMF, using the loan to support post war reconstruction.

So the correct answer is France, option (a).