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Question
This organisation was established in 1945 after the 1944 Bretton Woods Conference held at Bretton Woods. It consists of two main organs known as the IBRD and IDA. Which of the following organisations is talked about here?
This organisation was established in 1945 after the 1944 Bretton Woods Conference held at Bretton Woods. It consists of two main organs known as the IBRD and IDA. Which of the following organisations is talked about here?
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Solution
The correct option is B World Bank
The World Bank and the International Monetary Fund are popularly known as Bretton Woods Twins as both were established in 1945, following the Bretton Woods Conference held in 1944. Both have the same membership, as a country cannot be a member of the Bank unless it becomes a member of the Fund. The two main organs of the World Bank are the International Bank for Reconstruction and Development (IBRD), and the International Development Agency (IDA).
The World Bank and the International Monetary Fund are popularly known as Bretton Woods Twins as both were established in 1945, following the Bretton Woods Conference held in 1944. Both have the same membership, as a country cannot be a member of the Bank unless it becomes a member of the Fund. The two main organs of the World Bank are the International Bank for Reconstruction and Development (IBRD), and the International Development Agency (IDA).
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