Bretton Woods Institutions (World Bank and IMF)

The Bretton Woods Institutions, primarily the World Bank and the International Monetary Fund (IMF), are global organizations established after World War II to promote economic stability and development. The World Bank provides long-term loans and grants to help countries build infrastructure and reduce poverty. The IMF offers short-term financial assistance and policy advice to stabilize economies facing crises. Both aim to foster international economic cooperation, ensure stable exchange rates, and support developing nations in achieving sustainable growth and financial security.