Question

Which among the following is not a Bretton Woods Institution ?; 1) International Monetary Fund (IMF); 2) World Bank; 3) Organisation of Economic Cooperation and Development (O.E.C.D.); 4) None of these

Answer 1

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Answer 2

Answer:

• Established at the Bretton Woods meeting in 1944, the two organizations have reciprocal missions. The World Bank Group works with creating nations to diminish destitution and increment shared thriving, while the International Monetary Fund serves to balance out the worldwide financial framework and goes about as a screen of the world's monetary forms.

• The World Bank Group gives financing, arrangement guidance, and specialized help to governments, and furthermore centers around fortifying the private segment in creating nations. The IMF monitors the economy all inclusive and in part nations, loans to nations with equalization of installments challenges, and gives down to earth help to individuals. Nations should initially join the IMF to be qualified to join the World Bank Group; today, every organization has 189 part nations.

The World Bank Group

• The World Bank Group is one of the world's biggest wellsprings of subsidizing and information for creating nations. Its five establishments share a pledge to diminishing neediness, expanding shared thriving, and advancing practical turn of events.

• Together, IBRD and IDA structure the World Bank, which gives financing, approach exhortation, and specialized help to administrations of creating nations. IDA centers around the world's most unfortunate nations, while IBRD helps center pay and trustworthy less fortunate nations.