Question

Why did the bretton wood institution began to shift its attention more towards developing countries

Answer 1

The bretton wood institution began to shift its attention more towards developing countries because the countries which were their sources of income like Europe and Japan rapidly rebuilt their economies they grew less dependent in the IMF and the World Bank.

Answer 2

The IMF and the World Bank were designed to meet the financial needs of the industrial countries.

They were not equipped to cope with the challenge of poverty and lack of development in the former colonies.

But as Europe and Japan rapidly rebuilt their economies, they grew less dependent on the IMF and the World Bank.

Thus from the late 1950s, the Bretton Woods Institution began to shift its attention more towards developing countries.