On This Day - What happened 27 December 1945 AD

The IMF formally came into existence on 27 December 1945, when the first 29 countries ratified its Articles of Agreement.

The Articles of Agreement for the IMF and IBRD signed at Bretton Woods did not come into force until ratified by countries with at least 80 percent of the capital subscriptions ("quotas"). The threshold was reached on December 27, 1945.