Question

Bretton Woods included a number of institutions. Identify the following: World Bank. What were they and what did/do they do?

Answer 1

The Bretton Woods Conference created two international financial institutions: the International Monetary Fund (IMF) and the World Bank. The IMF promotes economic stability and provides financial assistance, while the World Bank funds development projects.

Step-by-step explanation:

The Bretton Woods Conference created two international financial institutions: the International Monetary Fund (IMF) and the World Bank. The IMF was established to promote international economic stability and provide financial assistance to member countries.

The World Bank, initially focused on rebuilding war-devastated economies, shifted its focus to funding development projects around the world. Today, both institutions continue to play important roles in the global economy.