Bretton Woods Institutions

The Bretton Woods Institutions refer to two main organizations created in 1944 during a conference in Bretton Woods, New Hampshire, aimed at fostering global economic stability after World War II. The International Monetary Fund (IMF) helps countries manage their economies and promotes international monetary cooperation. The World Bank provides financial and technical assistance to developing countries to reduce poverty and promote sustainable development. Together, they work to stabilize the global economy, encourage growth, and support countries facing financial difficulties, fostering a more interconnected and prosperous world.