USA HISTORY

Detailed explanation-1: -The IMF and the World Bank were created in July 1944 at an international conference in the United States (in Bretton Woods, New Hampshire) that established a framework for economic cooperation aimed at creating a more stable and prosperous global economy.

Detailed explanation-2: -The Bretton Woods Institutions-the IMF and World Bank-have an important role to play in making globalization work better. They were created in 1944 to help restore and sustain the benefits of global integration, by promoting international economic cooperation.

Detailed explanation-3: -At its conclusion, the conference attendees produced the Articles of Agreement for the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF). Bretton Woods Conference delegates including U.K delegate and Commission II leader Lord John Maynard Keynes (center).

Detailed explanation-4: -The conference resulted in the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction & Development (IBRD) thought that quickly became become the World Bank.

Detailed explanation-5: -JULY 1944 BRETTON WOODS CONFERENCE While the conference resulted in the formation of two institutions, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank), the creation of the World Bank was not the primary focus.