Correct option is A
The correct answer is (A) IMF, World Bank.
Explanation:
- The Bretton Woods Conference was held in 1944 in Bretton Woods, New Hampshire, USA, with the aim of establishing a framework for the post-World War II global economy.
Two key institutions that were created during this conference and are referred to as the Bretton Woods Twins are:
- IMF (International Monetary Fund): Created to ensure the stability of the international monetary system and promote global financial stability.
- World Bank (International Bank for Reconstruction and Development): Created to provide financial and technical assistance for the reconstruction of war-torn nations and promote long-term economic development.
These two institutions play a crucial role in the global financial system and development.
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