Question

Name the organizations established during the Bretton Woods Conference.

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Answer 1

Answer:

The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation.

Answer 2

Answer:

Agreement were signed that, after legislative ratification by member governments, established the International bank for reconstruction and development (IBRD , later part of the World Bank group) and the international Monetary fund (IMF).

This led to what was called the Bretton Woods system for international commercial and financial relations.

Explanation:

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