Question

Which of the following Organizations find their origin in Bretton Woods Conference of 1944?

Which of the following is/are correct?

• A. 1 and 2 only
• B. 2 and 4 only
• C. 1, 2 and 4 only
• D. All of these

Answer 1

The correct option is C

1, 2 and 4 only

The Bretton Woods institutions were created in Bretton Woods, New Hampshire in 1944 during the United Nations Monetary and Financial Conference at the Mount Washington Hotel. At the conference, member nations agreed to create a family of institutions to address critical issues in the international financial system in post WW2 situation. These are World bank group, International Monetary Fund and World Trade Organization.

The International Bank for Reconstruction and Development (IBRD), established in 1945, which provides debt financing on the basis of sovereign guarantees